Adams Asset Advisors LLC Cuts Stock Position in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Adams Asset Advisors LLC decreased its position in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 8.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 559,508 shares of the energy company's stock after selling 52,327 shares during the period. Dorchester Minerals comprises approximately 2.3% of Adams Asset Advisors LLC's portfolio, making the stock its 6th biggest holding. Adams Asset Advisors LLC owned about 1.18% of Dorchester Minerals worth $16,830,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in DMLP. Graney & King LLC bought a new position in shares of Dorchester Minerals in the fourth quarter worth approximately $28,000. Tower Research Capital LLC TRC grew its holdings in shares of Dorchester Minerals by 638.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the energy company's stock worth $37,000 after purchasing an additional 952 shares during the last quarter. Virtus ETF Advisers LLC grew its holdings in shares of Dorchester Minerals by 7.5% in the fourth quarter. Virtus ETF Advisers LLC now owns 5,729 shares of the energy company's stock worth $191,000 after purchasing an additional 402 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Dorchester Minerals in the fourth quarter worth approximately $200,000. Finally, State of Tennessee Department of Treasury bought a new position in shares of Dorchester Minerals in the fourth quarter worth approximately $201,000. Institutional investors own 19.21% of the company's stock.

Dorchester Minerals Stock Up 0.1%

Shares of DMLP stock opened at $27.91 on Thursday. The stock has a fifty day moving average of $28.17 and a 200 day moving average of $30.39. Dorchester Minerals, L.P. has a 52 week low of $25.84 and a 52 week high of $34.88. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 13.68 and a beta of 0.60.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy company reported $0.36 EPS for the quarter. Dorchester Minerals had a return on equity of 28.67% and a net margin of 52.49%.

Dorchester Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a $0.7258 dividend. This represents a $2.90 dividend on an annualized basis and a yield of 10.40%. The ex-dividend date of this dividend was Monday, May 5th. Dorchester Minerals's payout ratio is 142.16%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Dorchester Minerals from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

Insider Buying and Selling

In other news, insider Minerals Operating Dorchester acquired 10,000 shares of the stock in a transaction on Wednesday, April 30th. The stock was acquired at an average price of $28.76 per share, with a total value of $287,600.00. Following the completion of the transaction, the insider now owns 58,017 shares of the company's stock, valued at $1,668,568.92. This represents a 20.83% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.90% of the stock is currently owned by insiders.

Dorchester Minerals Profile

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 593 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.

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