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

Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.37 and traded as high as $27.65. Dorchester Minerals shares last traded at $27.44, with a volume of 489,443 shares traded.

Wall Street Analyst Weigh In

DMLP has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Dorchester Minerals in a research note on Wednesday, June 24th. Wall Street Zen upgraded shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Dorchester Minerals Stock Performance

The business has a 50 day moving average of $26.76 and a two-hundred day moving average of $26.37. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 19.74 and a beta of 0.55.

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

Dorchester Minerals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 3rd will be issued a $1.2729 dividend. The ex-dividend date is Monday, August 3rd. This represents a $5.09 dividend on an annualized basis and a dividend yield of 18.6%. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.48. Dorchester Minerals’s dividend payout ratio (DPR) is 136.69%.

Insider Buying and Selling at Dorchester Minerals

In other Dorchester Minerals news, insider Minerals Operating Dorchester purchased 7,500 shares of Dorchester Minerals stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average price of $27.56 per share, with a total value of $206,700.00. Following the transaction, the insider owned 70,017 shares in the company, valued at $1,929,668.52. This trade represents a 12.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Bradley J. Ehrman purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were acquired at an average price of $26.78 per share, with a total value of $107,120.00. Following the purchase, the chief executive officer directly owned 142,723 shares in the company, valued at $3,822,121.94. This represents a 2.88% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 19,000 shares of company stock valued at $526,070. 5.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dorchester Minerals

Several hedge funds and other institutional investors have recently made changes to their positions in DMLP. Geneos Wealth Management Inc. raised its holdings in shares of Dorchester Minerals by 59.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock worth $35,000 after acquiring an additional 440 shares during the last quarter. Farther Finance Advisors LLC bought a new position in Dorchester Minerals in the 4th quarter valued at about $36,000. EverSource Wealth Advisors LLC boosted its stake in Dorchester Minerals by 4,918.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,061 shares of the energy company’s stock valued at $68,000 after purchasing an additional 3,000 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Dorchester Minerals during the 4th quarter valued at about $68,000. Finally, Osaic Holdings Inc. increased its holdings in Dorchester Minerals by 14.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock worth $104,000 after purchasing an additional 463 shares in the last quarter. 19.21% of the stock is owned by institutional investors.

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.