Dorchester Minerals (NASDAQ:DMLP) Releases Earnings Results

Key Points

• Dorchester Minerals reported quarterly earnings of $0.62 per share on revenue of $56.08 million, with a 40.85% net margin and 22.11% return on equity.
• The company raised its quarterly dividend to $1.2729 per share, implying an annualized payout of $5.09 and a 19.5% yield, though its payout ratio stands at 366.19%.
• Shares rose 1.0% to $26.08 after the results. Insiders purchased 19,000 shares worth approximately $526,070 during the quarter, while analysts maintained an overall “Hold” rating.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) released its quarterly earnings data on Thursday. The energy company reported $0.62 earnings per share for the quarter, Zacks reports. Dorchester Minerals had a return on equity of 22.11% and a net margin of 40.85%.The business had revenue of $56.08 million for the quarter.

Dorchester Minerals Trading Up 1.0%

Shares of DMLP traded up $0.26 during midday trading on Friday, reaching $26.08. 94,004 shares of the company were exchanged, compared to its average volume of 282,778. Dorchester Minerals has a 1-year low of $20.85 and a 1-year high of $28.95. The stock has a 50-day moving average price of $26.53 and a 200-day moving average price of $26.61. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 18.76 and a beta of 0.54.

Dorchester Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 3rd will be paid a dividend of $1.2729 per share. This is a boost from Dorchester Minerals's previous quarterly dividend of $0.48. This represents a $5.09 dividend on an annualized basis and a dividend yield of 19.5%. The ex-dividend date is Monday, August 3rd. Dorchester Minerals's payout ratio is presently 366.19%.

Insider Transactions at Dorchester Minerals

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DMLP. Geneos Wealth Management Inc. boosted its stake in shares of 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 period. Kestra Advisory Services LLC purchased a new position in Dorchester Minerals in the 4th quarter valued at about $68,000. Osaic Holdings Inc. grew its stake 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 valued at $104,000 after acquiring an additional 463 shares in the last quarter. Virtus Advisers LLC acquired a new stake in shares of Dorchester Minerals during the third quarter valued at about $119,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Dorchester Minerals by 97.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,070 shares of the energy company's stock worth $113,000 after acquiring an additional 2,500 shares during the last quarter. 19.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Dorchester Minerals from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Dorchester Minerals in a research note on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold".

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.

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