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

Key Points

• Price breakout: Dorchester Minerals' shares moved above their 200-day moving average (200‑day MA $24.86), trading as high as $27.83 and last at $27.23 on volume of 157,849.
• High-yield but strained payout: The firm set a quarterly dividend of $0.475 (annualized $1.90) for a 7.0% yield with an ex-dividend date of May 4, while its reported dividend payout ratio is an unsustainably high 260.34%.
• Analyst and fundamentals snapshot: Weiss Ratings upgraded DMLP from "sell" to "hold" and consensus is "Hold"; market cap is $1.31B with a P/E of 23.47 and last quarter EPS of $0.32 (net margin 37.53%).

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.86 and traded as high as $27.83. Dorchester Minerals shares last traded at $27.23, with a volume of 157,849 shares trading hands.

Analyst Ratings Changes

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

Dorchester Minerals Price Performance

The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 23.47 and a beta of 0.56. The stock has a 50-day moving average of $27.36 and a 200-day moving average of $24.86.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The energy company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $41.86 million for the quarter. Dorchester Minerals had a return on equity of 17.76% and a net margin of 37.53%.

Dorchester Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, May 4th will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Monday, May 4th. Dorchester Minerals's dividend payout ratio is currently 260.34%.

Institutional Trading of Dorchester Minerals

Several institutional investors and hedge funds have recently modified their holdings of DMLP. Geneos Wealth Management Inc. lifted its position in shares of Dorchester Minerals by 59.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company's stock worth $35,000 after buying an additional 440 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of Dorchester Minerals during the 4th quarter worth $36,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 worth $68,000 after buying an additional 3,000 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Dorchester Minerals during the 4th quarter worth $68,000. Finally, Osaic Holdings Inc. lifted its position in shares of 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 buying an additional 463 shares during the last quarter. 19.21% of the stock is currently 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.

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