Dorchester Minerals (NASDAQ:DMLP) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.21 and traded as high as $27.05. Dorchester Minerals shares last traded at $26.95, with a volume of 115,495 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Dorchester Minerals Trading Up 3.2%

The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 23.23 and a beta of 0.62. The firm has a fifty day moving average price of $24.77 and a 200 day moving average price of $24.21.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings results on Tuesday, February 24th. The energy company reported $0.32 earnings per share for the quarter. Dorchester Minerals had a return on equity of 17.76% and a net margin of 37.53%.The firm had revenue of $41.86 million during the quarter.

Dorchester Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 2nd were paid a $0.7557 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 11.2%. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.69. The ex-dividend date was Monday, February 2nd. Dorchester Minerals’s dividend payout ratio is 260.34%.

Insider Activity

In related news, insider Minerals Operating Dorchester purchased 10,000 shares of Dorchester Minerals stock in a transaction that occurred on Monday, December 22nd. The shares were acquired at an average price of $22.30 per share, for a total transaction of $223,000.00. Following the transaction, the insider directly owned 35,017 shares in the company, valued at approximately $780,879.10. This represents a 39.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dorchester Minerals

A number of institutional investors have recently modified their holdings of the stock. Hollow Brook Wealth Management LLC bought a new position in Dorchester Minerals in the 3rd quarter worth approximately $20,790,000. MidFirst Bank acquired a new stake in shares of Dorchester Minerals in the 4th quarter valued at $11,049,000. Adams Asset Advisors LLC raised its position in shares of Dorchester Minerals by 21.0% during the third quarter. Adams Asset Advisors LLC now owns 746,675 shares of the energy company’s stock worth $19,331,000 after acquiring an additional 129,567 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Dorchester Minerals during the second quarter worth $1,855,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Dorchester Minerals by 147.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 98,028 shares of the energy company’s stock valued at $2,192,000 after acquiring an additional 58,430 shares during the period. 19.21% of the stock is owned by institutional investors.

About Dorchester Minerals

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.