Dorchester Minerals (NASDAQ:DMLP) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Dorchester Minerals, L.P. (NASDAQ:DMLP) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.36 and traded as high as $25.62. Dorchester Minerals shares last traded at $25.41, with a volume of 265,097 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Dorchester Minerals in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Dorchester Minerals Price Performance

The company has a market cap of $1.23 billion, a PE ratio of 23.53 and a beta of 0.62. The company’s 50 day simple moving average is $22.84 and its two-hundred day simple moving average is $24.36.

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

Dorchester Minerals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Monday, February 2nd will be issued a $0.7557 dividend. The ex-dividend date is Monday, February 2nd. This represents a $3.02 annualized dividend and a dividend yield of 11.9%. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.69. Dorchester Minerals’s dividend payout ratio (DPR) is presently 255.56%.

Insider Activity at Dorchester Minerals

In other Dorchester Minerals news, CEO Bradley J. Ehrman acquired 2,487 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was purchased at an average price of $21.60 per share, for a total transaction of $53,719.20. Following the completion of the acquisition, the chief executive officer owned 121,197 shares of the company’s stock, valued at approximately $2,617,855.20. This trade represents a 2.10% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert C. Vaughn bought 4,615 shares of Dorchester Minerals stock in a transaction on Tuesday, November 25th. The shares were acquired at an average price of $21.41 per share, for a total transaction of $98,807.15. Following the completion of the acquisition, the director owned 20,352 shares in the company, valued at $435,736.32. This represents a 29.33% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 31,338 shares of company stock worth $687,283 over the last ninety days. Company insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Dorchester Minerals

Several institutional investors have recently modified their holdings of DMLP. Winch Advisory Services LLC purchased a new position in Dorchester Minerals in the second quarter valued at $28,000. Geneos Wealth Management Inc. raised its position in Dorchester Minerals by 59.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock valued at $35,000 after purchasing an additional 440 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Dorchester Minerals in the 2nd quarter valued at about $33,000. Farther Finance Advisors LLC purchased a new position in shares of Dorchester Minerals in the 4th quarter valued at about $36,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Dorchester Minerals by 157.0% during the second quarter. PNC Financial Services Group Inc. now owns 2,570 shares of the energy company’s stock worth $72,000 after buying an additional 1,570 shares in the last quarter. Institutional investors and hedge funds own 19.21% of the company’s stock.

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.