Dorchester Minerals, L.P. $DMLP Stake Lifted by Adams Asset Advisors LLC

Adams Asset Advisors LLC lifted its position in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 9.1% in the 4th quarter, Holdings Channel reports. The fund owned 814,852 shares of the energy company’s stock after acquiring an additional 68,177 shares during the quarter. Dorchester Minerals accounts for 2.4% of Adams Asset Advisors LLC’s holdings, making the stock its 8th biggest holding. Adams Asset Advisors LLC’s holdings in Dorchester Minerals were worth $18,220,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hollow Brook Wealth Management LLC bought a new position in Dorchester Minerals in the third quarter worth $20,790,000. Jane Street Group LLC purchased a new position in Dorchester Minerals during the 2nd quarter valued at about $1,855,000. UBS Group AG lifted its position in Dorchester Minerals by 121.7% during the 3rd quarter. UBS Group AG now owns 86,964 shares of the energy company’s stock valued at $2,251,000 after acquiring an additional 47,744 shares during the period. Beacon Pointe Advisors LLC bought a new stake in Dorchester Minerals during the second quarter worth about $1,137,000. Finally, ING Groep NV boosted its stake in Dorchester Minerals by 66.5% during the third quarter. ING Groep NV now owns 95,100 shares of the energy company’s stock worth $2,462,000 after acquiring an additional 38,000 shares in the last quarter. Hedge funds and other institutional investors own 19.21% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of 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, Based on data from MarketBeat.com, Dorchester Minerals presently has a consensus rating of “Hold”.

Dorchester Minerals Stock Performance

Dorchester Minerals stock opened at $28.05 on Monday. Dorchester Minerals, L.P. has a 12 month low of $20.85 and a 12 month high of $30.49. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 24.18 and a beta of 0.62. The business’s fifty day simple moving average is $25.82 and its two-hundred day simple moving average is $24.41.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings results on Tuesday, February 24th. The energy company reported $0.32 earnings per share for the quarter. The firm had revenue of $41.86 million during the quarter. Dorchester Minerals had a return on equity of 17.76% and a net margin of 37.53%.

Dorchester Minerals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.7557 per share. The ex-dividend date was Monday, February 2nd. This represents a $3.02 dividend on an annualized basis and a yield of 10.8%. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.69. Dorchester Minerals’s dividend payout ratio (DPR) is 260.34%.

Dorchester Minerals 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.