Key Points
- CFO Leslie Moriyama bought 5,197 Dorchester Minerals shares at an average price of $28.30, investing approximately $147,075 and increasing direct ownership by 5.29% to 103,405 shares.
- Dorchester Minerals reported quarterly EPS of $0.62 on revenue of $56.08 million and raised its quarterly dividend to $1.2729, implying an annualized yield of about 18%.
- The stock opened at $28.21, near its 52-week high of $28.95. Analysts’ consensus rating remains Hold, while institutional investors own 19.21% of the company.
Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) CFO Leslie Moriyama purchased 5,197 shares of Dorchester Minerals stock in a transaction on Wednesday, August 19th. The stock was acquired at an average cost of $28.30 per share, for a total transaction of $147,075.10. Following the acquisition, the chief financial officer directly owned 103,405 shares of the company's stock, valued at approximately $2,926,361.50. This represents a 5.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Dorchester Minerals Trading Up 0.6%
Dorchester Minerals stock opened at $28.21 on Thursday. The stock has a market cap of $1.38 billion, a PE ratio of 16.03 and a beta of 0.54. The stock has a 50-day moving average price of $26.51 and a 200 day moving average price of $26.81. Dorchester Minerals, L.P. has a 52 week low of $20.85 and a 52 week high of $28.95.
Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last released its earnings results on Thursday, August 6th. The energy company reported $0.62 EPS for the quarter. The firm had revenue of $56.08 million during the quarter. Dorchester Minerals had a net margin of 45.45% and a return on equity of 28.43%.
Dorchester Minerals Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 3rd were issued a $1.2729 dividend. This is a positive change from Dorchester Minerals's previous quarterly dividend of $0.48. The ex-dividend date was Monday, August 3rd. This represents a $5.09 dividend on an annualized basis and a dividend yield of 18.0%. Dorchester Minerals's dividend payout ratio (DPR) is 289.20%.
Institutional Investors Weigh In On Dorchester Minerals
Several hedge funds and other institutional investors have recently bought and sold shares of the business. ING Groep NV boosted its holdings in Dorchester Minerals by 38.3% in the fourth quarter. ING Groep NV now owns 131,500 shares of the energy company's stock worth $2,940,000 after purchasing an additional 36,400 shares during the period. Geneos Wealth Management Inc. increased its stake in 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 purchasing an additional 58,430 shares during the last quarter. Texas Yale Capital Corp. raised its holdings in shares of Dorchester Minerals by 15.8% during the fourth quarter. Texas Yale Capital Corp. now owns 201,500 shares of the energy company's stock worth $4,506,000 after purchasing an additional 27,500 shares during the period. ArchPoint Investors raised its holdings in shares of Dorchester Minerals by 4.1% during the fourth quarter. ArchPoint Investors now owns 559,260 shares of the energy company's stock worth $12,505,000 after purchasing an additional 22,201 shares during the period. Finally, Resolute Capital LLC acquired a new stake in shares of Dorchester Minerals during the fourth quarter worth $1,058,000. 19.21% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Dorchester Minerals in a report on Wednesday, June 24th. Wall Street Zen upgraded Dorchester Minerals from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".
View Our Latest Research Report on Dorchester Minerals
About Dorchester Minerals
(
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.
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