Americana Partners LLC Boosts Stock Holdings in Dorchester Minerals, L.P. $DMLP

Americana Partners LLC boosted its position in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 54.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,126 shares of the energy company’s stock after purchasing an additional 19,820 shares during the period. Americana Partners LLC’s holdings in Dorchester Minerals were worth $1,255,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of DMLP. Geneos Wealth Management Inc. lifted its stake in Dorchester Minerals by 59.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock valued at $35,000 after purchasing an additional 440 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in Dorchester Minerals in the fourth quarter valued at approximately $36,000. Osaic Holdings Inc. lifted its stake in Dorchester Minerals by 14.1% in the second quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock valued at $104,000 after purchasing an additional 463 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Dorchester Minerals by 320.8% in the third quarter. Jones Financial Companies Lllp now owns 4,208 shares of the energy company’s stock valued at $110,000 after purchasing an additional 3,208 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Dorchester Minerals by 97.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,070 shares of the energy company’s stock valued at $113,000 after purchasing an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 19.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DMLP shares. Wall Street Zen upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Dorchester Minerals Stock Performance

Shares of DMLP stock opened at $27.47 on Monday. Dorchester Minerals, L.P. has a 52-week low of $20.85 and a 52-week high of $28.95. The company has a market capitalization of $1.33 billion, a PE ratio of 19.76 and a beta of 0.56. The business’s fifty day moving average is $27.62 and its 200 day moving average is $25.11.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.59 earnings per share (EPS) for the quarter. Dorchester Minerals had a return on equity of 22.11% and a net margin of 40.85%.The company had revenue of $58.88 million for the quarter.

Dorchester Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 4th were given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Monday, May 4th. Dorchester Minerals’s dividend payout ratio (DPR) is 136.69%.

Insiders Place Their Bets

In other Dorchester Minerals news, CEO Bradley J. Ehrman acquired 4,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average price of $26.78 per share, for a total transaction of $107,120.00. Following the completion of the transaction, the chief executive officer owned 142,723 shares of the company’s stock, valued at approximately $3,822,121.94. This represents a 2.88% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Minerals Operating Dorchester acquired 7,500 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average price of $28.30 per share, for a total transaction of $212,250.00. Following the transaction, the insider directly owned 62,517 shares of the company’s stock, valued at $1,769,231.10. This represents a 13.63% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 5.90% of the company’s stock.

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.