Adams Asset Advisors LLC Boosts Position in Dorchester Minerals, L.P. $DMLP

Key Points

• Adams Asset Advisors LLC increased its stake in Dorchester Minerals by 9.1% in Q4 to 814,852 shares (an additional 68,177 shares), representing a 1.69% ownership stake worth $18.22 million and the firm's 8th largest position.
• Dorchester raised its quarterly dividend to $0.7557 (paid Feb 12), up from $0.69, which annualizes to $3.02 for a yield of 10.8% while reflecting a high payout ratio of 260.34%.
• The stock opened at $28.05 with a market cap of $1.35 billion and a P/E of 24.18 (52‑week range $20.85–$30.49); the company reported $0.32 EPS for the quarter with a 37.53% net margin, and Weiss Ratings recently upgraded the shares to a Hold.

Adams Asset Advisors LLC boosted its stake in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 814,852 shares of the energy company's stock after purchasing an additional 68,177 shares during the period. Dorchester Minerals comprises 2.4% of Adams Asset Advisors LLC's investment portfolio, making the stock its 8th largest position. Adams Asset Advisors LLC owned 1.69% of Dorchester Minerals worth $18,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of DMLP. Redhawk Wealth Advisors Inc. bought a new stake in Dorchester Minerals during the 4th quarter valued at $200,000. Howard Financial Services LTD. grew its holdings in Dorchester Minerals by 33.4% in the 4th quarter. Howard Financial Services LTD. now owns 50,961 shares of the energy company's stock worth $1,139,000 after acquiring an additional 12,763 shares during the last quarter. Penbrook Management LLC increased its position in shares of Dorchester Minerals by 15.7% in the fourth quarter. Penbrook Management LLC now owns 16,225 shares of the energy company's stock valued at $363,000 after acquiring an additional 2,200 shares during the period. Virtus Advisers LLC purchased a new position in shares of Dorchester Minerals in the third quarter valued at about $119,000. Finally, Hollow Brook Wealth Management LLC bought a new position in shares of Dorchester Minerals during the third quarter valued at about $20,790,000. Institutional investors own 19.21% of the company's stock.

Dorchester Minerals Price Performance

NASDAQ:DMLP opened at $28.05 on Monday. The firm's fifty day simple moving average is $25.82 and its 200 day simple moving average is $24.41. The stock has a market cap of $1.35 billion, a P/E ratio of 24.18 and a beta of 0.62. Dorchester Minerals, L.P. has a twelve month low of $20.85 and a twelve month high of $30.49.

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

Dorchester Minerals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 2nd were paid a $0.7557 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This is an increase from Dorchester Minerals's previous quarterly dividend of $0.69. This represents a $3.02 dividend on an annualized basis and a yield of 10.8%. Dorchester Minerals's payout ratio is currently 260.34%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of 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.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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