Dorchester Minerals, L.P. $DMLP Shares Bought by GraniteShares Advisors LLC

GraniteShares Advisors LLC increased its position in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 34.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,472 shares of the energy company’s stock after acquiring an additional 31,226 shares during the period. Dorchester Minerals makes up about 1.7% of GraniteShares Advisors LLC’s investment portfolio, making the stock its 11th biggest position. GraniteShares Advisors LLC owned approximately 0.25% of Dorchester Minerals worth $2,738,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DMLP. Adams Asset Advisors LLC raised its holdings in Dorchester Minerals by 9.1% during the fourth quarter. Adams Asset Advisors LLC now owns 814,852 shares of the energy company’s stock worth $18,220,000 after purchasing an additional 68,177 shares during the last quarter. Hollow Brook Wealth Management LLC acquired a new stake in Dorchester Minerals in the third quarter valued at $20,790,000. Delta Investment Management LLC grew its holdings in Dorchester Minerals by 0.5% in the third quarter. Delta Investment Management LLC now owns 295,677 shares of the energy company’s stock valued at $7,655,000 after purchasing an additional 1,417 shares during the last quarter. First Trust Advisors LP increased its position in shares of Dorchester Minerals by 15.8% in the third quarter. First Trust Advisors LP now owns 189,500 shares of the energy company’s stock valued at $4,906,000 after buying an additional 25,923 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Dorchester Minerals by 20.6% in the second quarter. Bank of America Corp DE now owns 183,697 shares of the energy company’s stock valued at $5,118,000 after buying an additional 31,344 shares in the last quarter. 19.21% of the stock is owned by hedge funds and other institutional investors.

Dorchester Minerals Trading Up 0.9%

Dorchester Minerals stock opened at $27.92 on Tuesday. The firm has a market capitalization of $1.35 billion, a P/E ratio of 24.07 and a beta of 0.61. The stock has a fifty day moving average price of $26.91 and a 200 day moving average price of $24.67. Dorchester Minerals, L.P. has a 52 week low of $20.85 and a 52 week high of $29.95.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings results 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 announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 2nd were given a $0.7557 dividend. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.69. This represents a $3.02 annualized dividend and a dividend yield of 10.8%. The ex-dividend date of this dividend was Monday, February 2nd. Dorchester Minerals’s dividend payout ratio is 260.34%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

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.