Dorchester Minerals (NASDAQ:DMLP) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Dorchester Minerals, L.P. (NASDAQ:DMLP)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $24.33 and traded as high as $27.71. Dorchester Minerals shares last traded at $27.47, with a volume of 218,084 shares traded.

Analyst Ratings Changes

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

Dorchester Minerals Price Performance

The firm’s 50 day simple moving average is $25.47 and its two-hundred day simple moving average is $24.33. The firm has a market capitalization of $1.33 billion, a P/E ratio of 23.68 and a beta of 0.62.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings data on Tuesday, February 24th. The energy company reported $0.32 earnings per share (EPS) 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 for the quarter.

Dorchester Minerals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 2nd were given a dividend of $0.7557 per share. This represents a $3.02 annualized dividend and a yield of 11.0%. The ex-dividend date was Monday, February 2nd. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.69. Dorchester Minerals’s dividend payout ratio is 260.34%.

Institutional Trading of Dorchester Minerals

Institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. increased its stake in shares of Dorchester Minerals by 59.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock worth $35,000 after buying an additional 440 shares during the period. Farther Finance Advisors LLC purchased a new stake in Dorchester Minerals during the 4th quarter valued at $36,000. EverSource Wealth Advisors LLC boosted its position in Dorchester Minerals by 4,918.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,061 shares of the energy company’s stock valued at $68,000 after buying an additional 3,000 shares during the period. Kestra Advisory Services LLC bought a new stake in Dorchester Minerals in the 4th quarter worth $68,000. Finally, PNC Financial Services Group Inc. grew its holdings in Dorchester Minerals by 157.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,570 shares of the energy company’s stock worth $72,000 after acquiring an additional 1,570 shares during the last quarter. Hedge funds and other institutional investors 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.