Dorchester Minerals (NASDAQ:DMLP) Share Price Passes Above 200-Day Moving Average – What’s Next?

Dorchester Minerals, L.P. (NASDAQ:DMLP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.80 and traded as high as $26.32. Dorchester Minerals shares last traded at $25.63, with a volume of 48,026 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Dorchester Minerals in a report on Wednesday. Wall Street Zen upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Dorchester Minerals Trading Up 0.2%

The stock has a market capitalization of $1.24 billion, a P/E ratio of 18.44 and a beta of 0.54. The business’s fifty day simple moving average is $27.18 and its two-hundred day simple moving average is $25.80.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.59 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 during the quarter.

Dorchester Minerals Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 4th were given a dividend of $0.475 per share. The ex-dividend date was Monday, May 4th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 7.4%. Dorchester Minerals’s dividend payout ratio (DPR) is 136.69%.

Insider Activity at Dorchester Minerals

In related news, insider Minerals Operating Dorchester bought 7,500 shares of the company’s stock in a transaction on Monday, June 1st. The stock was bought at an average cost of $27.56 per share, with a total value of $206,700.00. Following the completion of the purchase, the insider owned 70,017 shares in the company, valued at approximately $1,929,668.52. The trade was a 12.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Bradley J. Ehrman acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was bought at an average price of $26.78 per share, with a total value of $107,120.00. Following the transaction, the chief executive officer directly owned 142,723 shares in the company, valued at $3,822,121.94. The trade was a 2.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have bought 19,000 shares of company stock valued at $526,070. Company insiders own 5.90% of the company’s stock.

Institutional Trading of Dorchester Minerals

A number of institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its holdings 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 worth $35,000 after purchasing an additional 440 shares during the period. Farther Finance Advisors LLC bought a new position in shares of Dorchester Minerals during the fourth quarter worth $36,000. EverSource Wealth Advisors LLC grew its holdings in shares of Dorchester Minerals by 4,918.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,061 shares of the energy company’s stock valued at $68,000 after buying an additional 3,000 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Dorchester Minerals in the 4th quarter valued at $68,000. Finally, Osaic Holdings Inc. increased its position in shares of Dorchester Minerals by 14.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock valued at $104,000 after buying an additional 463 shares in 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.