Geneos Wealth Management Inc. Grows Stake in Dorchester Minerals, L.P. $DMLP

Geneos Wealth Management Inc. boosted its stake in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 1,380.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,598 shares of the energy company’s stock after buying an additional 36,923 shares during the quarter. Geneos Wealth Management Inc. owned approximately 0.08% of Dorchester Minerals worth $1,025,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DMLP. Royal Bank of Canada raised its holdings in shares of Dorchester Minerals by 5.4% during the first quarter. Royal Bank of Canada now owns 74,470 shares of the energy company’s stock valued at $2,240,000 after acquiring an additional 3,785 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Dorchester Minerals by 6.3% during the first quarter. Goldman Sachs Group Inc. now owns 35,684 shares of the energy company’s stock worth $1,073,000 after purchasing an additional 2,101 shares in the last quarter. Adams Asset Advisors LLC raised its stake in Dorchester Minerals by 10.3% in the 2nd quarter. Adams Asset Advisors LLC now owns 617,108 shares of the energy company’s stock valued at $17,193,000 after purchasing an additional 57,600 shares during the last quarter. GraniteShares Advisors LLC lifted its holdings in Dorchester Minerals by 6.7% in the 2nd quarter. GraniteShares Advisors LLC now owns 83,205 shares of the energy company’s stock valued at $2,318,000 after purchasing an additional 5,203 shares in the last quarter. Finally, Autumn Glory Partners LLC purchased a new position in Dorchester Minerals in the 2nd quarter valued at $446,000. 19.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Bradley J. Ehrman purchased 2,487 shares of Dorchester Minerals stock in a transaction dated Wednesday, November 26th. The shares were purchased at an average price of $21.60 per share, with a total value of $53,719.20. Following the transaction, the chief executive officer owned 121,197 shares in the company, valued at $2,617,855.20. This represents a 2.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank Damon Box acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was acquired at an average price of $21.96 per share, for a total transaction of $109,800.00. Following the completion of the acquisition, the director directly owned 9,000 shares of the company’s stock, valued at $197,640. The trade was a 125.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 31,338 shares of company stock worth $687,283 over the last ninety days. 5.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Dorchester Minerals in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Dorchester Minerals Stock Performance

NASDAQ DMLP opened at $23.19 on Friday. The stock’s fifty day moving average is $22.58 and its two-hundred day moving average is $24.73. The firm has a market capitalization of $1.12 billion, a P/E ratio of 21.47 and a beta of 0.62. Dorchester Minerals, L.P. has a fifty-two week low of $20.85 and a fifty-two week high of $34.02.

Dorchester Minerals (NASDAQ:DMLP) last issued its earnings results on Thursday, November 6th. The energy company reported $0.23 earnings per share (EPS) for the quarter. Dorchester Minerals had a return on equity of 16.22% and a net margin of 36.27%.

Dorchester Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.6899 per share. This represents a $2.76 dividend on an annualized basis and a yield of 11.9%. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Monday, November 3rd. Dorchester Minerals’s payout ratio is presently 255.56%.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. (NASDAQ: DMLP) is a publicly traded master limited partnership that acquires, owns and manages mineral and royalty interests in oil and natural gas properties. The company holds net revenue interests on producing and non-producing wells, entitling it to a share of production proceeds without bearing the costs or operating responsibilities associated with exploration and development activities. Through strategic acquisitions and joint-venture arrangements, Dorchester Minerals builds a diversified portfolio of royalty assets across multiple U.S.