Dorchester Minerals (NASDAQ:DMLP) Announces Earnings Results

Key Points

• Dorchester Minerals reported quarterly EPS of $0.59, with a return on equity of 17.76% and a net margin of 37.53%; shares slipped $0.84 to $26.10 on higher-than-average volume after the announcement.
• The company declared a quarterly dividend of $0.475 per share (annualized $1.90) for a 7.3% yield, but the payout ratio is an elevated 163.79%, raising questions about sustainability.
• Weiss Ratings upgraded DMLP from "sell" to "hold," leaving the MarketBeat consensus at Hold, while institutional investors own about 19.2% of the stock with several recent position changes.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) announced its quarterly earnings results on Wednesday. The energy company reported $0.59 earnings per share (EPS) for the quarter, Zacks reports. Dorchester Minerals had a return on equity of 17.76% and a net margin of 37.53%.

Dorchester Minerals Price Performance

Shares of DMLP traded down $0.84 during midday trading on Wednesday, reaching $26.10. 241,733 shares of the stock were exchanged, compared to its average volume of 161,116. The business's 50-day moving average price is $27.40 and its 200 day moving average price is $24.89. Dorchester Minerals has a twelve month low of $20.85 and a twelve month high of $28.95. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 22.50 and a beta of 0.56.

Dorchester Minerals Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Monday, May 4th will be given a dividend of $0.475 per share. The ex-dividend date is Monday, May 4th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 7.3%. Dorchester Minerals's payout ratio is 163.79%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Dorchester Minerals from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, February 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

Institutional Trading of Dorchester Minerals

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its position in shares of Dorchester Minerals by 59.9% during 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 in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Dorchester Minerals during the fourth quarter worth about $68,000. Osaic Holdings Inc. increased its position in shares of Dorchester Minerals by 14.1% during the second 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. Virtus Advisers LLC acquired a new position in Dorchester Minerals in the 3rd quarter valued at about $119,000. Finally, PNC Financial Services Group Inc. increased its position in Dorchester Minerals by 97.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,070 shares of the energy company's stock valued at $113,000 after acquiring an additional 2,500 shares during the period. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.