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

Dorchester Minerals, L.P. (NASDAQ:DMLP) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.47 and traded as high as $27.77. Dorchester Minerals shares last traded at $27.53, with a volume of 82,536 shares changing hands.

Analyst Upgrades and Downgrades

DMLP has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 27th. Wall Street Zen upgraded 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.com, Dorchester Minerals presently has a consensus rating of “Hold”.

Dorchester Minerals Price Performance

The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 19.81 and a beta of 0.54. The firm has a 50 day moving average price of $27.66 and a 200-day moving average price of $25.47.

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

Dorchester Minerals Cuts Dividend

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

Insider Buying and Selling at Dorchester Minerals

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

Hedge Funds Weigh In On Dorchester Minerals

Several large investors have recently bought and sold shares of DMLP. Royal Bank of Canada increased its holdings in Dorchester Minerals by 5.4% in the first quarter. Royal Bank of Canada now owns 74,470 shares of the energy company’s stock valued at $2,240,000 after buying an additional 3,785 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Dorchester Minerals by 6.3% in the first quarter. Goldman Sachs Group Inc. now owns 35,684 shares of the energy company’s stock valued at $1,073,000 after buying an additional 2,101 shares during the last quarter. Geneos Wealth Management Inc. increased 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 valued at $35,000 after buying an additional 440 shares during the last quarter. Cetera Investment Advisers purchased a new position in Dorchester Minerals in the second quarter valued at $293,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Dorchester Minerals by 17.0% during the second quarter. JPMorgan Chase & Co. now owns 10,815 shares of the energy company’s stock worth $301,000 after purchasing an additional 1,570 shares during the last quarter. Hedge funds and other institutional investors own 19.21% 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.