Key Points
- CEO Bradley Ehrman bought 4,000 shares of Dorchester Minerals on May 12 at an average price of $26.78, a $107,120 purchase that increased his stake by 2.88% to 142,723 shares.
- Dorchester Minerals stock was up 2.5% and opened at $27.15, with the company carrying a $1.31 billion market cap, a P/E ratio of 19.53, and a 7.0% dividend yield after the latest quarterly payout announcement.
- The company recently reported Q1 EPS of $0.59 on $58.88 million in revenue, while analysts currently show a mixed but cautious view, with an overall average rating of Hold.
Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) CEO Bradley Ehrman bought 4,000 shares of the business's stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average cost of $26.78 per share, for a total transaction of $107,120.00. Following the transaction, the chief executive officer owned 142,723 shares of the company's stock, valued at $3,822,121.94. The trade was a 2.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Dorchester Minerals Stock Up 2.5%
Shares of NASDAQ:DMLP opened at $27.15 on Wednesday. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 19.53 and a beta of 0.56. Dorchester Minerals, L.P. has a 12-month low of $20.85 and a 12-month high of $28.95. The business's 50 day moving average is $27.47 and its 200 day moving average is $24.96.
Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last announced its earnings results on Wednesday, May 6th. The energy company reported $0.59 earnings per share (EPS) for the quarter. The company had revenue of $58.88 million for the quarter. Dorchester Minerals had a return on equity of 22.11% and a net margin of 40.85%.
Dorchester Minerals Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, May 4th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $1.90 annualized dividend and a dividend yield of 7.0%. Dorchester Minerals's payout ratio is presently 136.69%.
Institutional Trading of Dorchester Minerals
A number of hedge funds have recently bought and sold shares of the business. Hollow Brook Wealth Management LLC bought a new stake in shares of Dorchester Minerals in the third quarter valued at $20,790,000. Adams Asset Advisors LLC lifted its position in shares of Dorchester Minerals by 9.1% during the 4th quarter. Adams Asset Advisors LLC now owns 814,852 shares of the energy company's stock valued at $18,220,000 after buying an additional 68,177 shares during the last quarter. GraniteShares Advisors LLC grew its stake in shares of Dorchester Minerals by 34.2% during the 4th quarter. GraniteShares Advisors LLC now owns 122,472 shares of the energy company's stock worth $2,738,000 after acquiring an additional 31,226 shares during the period. Geneos Wealth Management Inc. increased its holdings in Dorchester Minerals by 147.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 98,028 shares of the energy company's stock worth $2,192,000 after acquiring an additional 58,430 shares during the last quarter. Finally, Freestone Capital Holdings LLC increased its holdings in Dorchester Minerals by 37.6% in the 4th quarter. Freestone Capital Holdings LLC now owns 86,000 shares of the energy company's stock worth $1,923,000 after acquiring an additional 23,500 shares during the last quarter. 19.21% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the company. Weiss Ratings raised Dorchester Minerals from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, February 27th. Wall Street Zen upgraded Dorchester Minerals from a "hold" rating to a "buy" rating in a report on Saturday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold".
Read Our Latest Stock Analysis on Dorchester Minerals
Dorchester Minerals Company Profile
(
Get Free Report)
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.
Further Reading
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