Dorchester Minerals (NASDAQ:DMLP) Stock Passes Above 200-Day Moving Average – Time to Sell?

Dorchester Minerals, L.P. (NASDAQ:DMLP)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.36 and traded as high as $25.62. Dorchester Minerals shares last traded at $25.41, with a volume of 265,097 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Dorchester Minerals in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Dorchester Minerals Stock Up 0.0%

The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 23.53 and a beta of 0.62. The stock has a fifty day moving average of $22.84 and a 200-day moving average of $24.36.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings data on Thursday, November 6th. The energy company reported $0.23 earnings per share for the quarter. Dorchester Minerals had a net margin of 36.27% and a return on equity of 16.22%.

Dorchester Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Monday, February 2nd will be paid 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 yield of 11.9%. The ex-dividend date is Monday, February 2nd. Dorchester Minerals’s payout ratio is currently 255.56%.

Insider Buying and Selling at Dorchester Minerals

In other news, CEO Bradley J. Ehrman acquired 2,487 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was acquired at an average cost of $21.60 per share, with a total value of $53,719.20. Following the completion of the acquisition, the chief executive officer owned 121,197 shares of the company’s stock, valued at $2,617,855.20. The trade was a 2.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Leslie A. Moriyama bought 3,041 shares of the stock in a transaction dated Tuesday, November 25th. The shares were acquired at an average price of $21.50 per share, for a total transaction of $65,381.50. Following the completion of the transaction, the chief financial officer owned 83,673 shares of the company’s stock, valued at approximately $1,798,969.50. The trade was a 3.77% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 31,338 shares of company stock valued at $687,283. 5.90% of the stock is owned by insiders.

Institutional Trading of Dorchester Minerals

A number of large investors have recently bought and sold shares of DMLP. Kestra Private Wealth Services LLC boosted its stake in shares of Dorchester Minerals by 105.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 16,508 shares of the energy company’s stock worth $369,000 after buying an additional 8,489 shares during the period. Inscription Capital LLC raised its stake in Dorchester Minerals by 4.2% during the 4th quarter. Inscription Capital LLC now owns 75,000 shares of the energy company’s stock valued at $1,677,000 after acquiring an additional 3,000 shares during the last quarter. UBS Group AG lifted its position in Dorchester Minerals by 6.3% during the 4th quarter. UBS Group AG now owns 92,418 shares of the energy company’s stock worth $2,066,000 after acquiring an additional 5,454 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Dorchester Minerals by 147.6% in the 4th 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. Finally, GraniteShares Advisors LLC grew its stake in shares of Dorchester Minerals by 34.2% in the 4th quarter. GraniteShares Advisors LLC now owns 122,472 shares of the energy company’s stock valued at $2,738,000 after purchasing an additional 31,226 shares during the last quarter. Institutional investors and hedge funds 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.