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

Adams Asset Advisors LLC cut its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 8.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 559,508 shares of the energy company's stock after selling 52,327 shares during the quarter. Dorchester Minerals comprises 2.3% of Adams Asset Advisors LLC's holdings, making the stock its 6th biggest position. Adams Asset Advisors LLC owned approximately 1.18% of Dorchester Minerals worth $16,830,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Horizon Kinetics Asset Management LLC grew its position in shares of Dorchester Minerals by 1.3% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 908,646 shares of the energy company's stock valued at $30,285,000 after purchasing an additional 11,753 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Dorchester Minerals in the 4th quarter valued at approximately $3,829,000. GraniteShares Advisors LLC grew its position in shares of Dorchester Minerals by 6.5% in the 1st quarter. GraniteShares Advisors LLC now owns 78,002 shares of the energy company's stock valued at $2,346,000 after purchasing an additional 4,730 shares during the period. Texas Yale Capital Corp. grew its position in shares of Dorchester Minerals by 2.8% in the 4th quarter. Texas Yale Capital Corp. now owns 77,300 shares of the energy company's stock valued at $2,576,000 after purchasing an additional 2,100 shares during the period. Finally, Stifel Financial Corp grew its position in shares of Dorchester Minerals by 2.6% in the 4th quarter. Stifel Financial Corp now owns 57,200 shares of the energy company's stock valued at $1,906,000 after purchasing an additional 1,432 shares during the period. 19.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Minerals Operating Dorchester acquired 10,000 shares of the company's stock in a transaction dated Wednesday, April 30th. The shares were bought at an average price of $28.76 per share, for a total transaction of $287,600.00. Following the purchase, the insider now directly owns 58,017 shares in the company, valued at approximately $1,668,568.92. This trade represents a 20.83% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.90% of the company's stock.

Analysts Set New Price Targets

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

Dorchester Minerals Price Performance

NASDAQ:DMLP traded down $0.18 during trading hours on Friday, reaching $27.73. 95,659 shares of the stock were exchanged, compared to its average volume of 102,521. Dorchester Minerals, L.P. has a twelve month low of $25.84 and a twelve month high of $34.88. The firm has a 50 day moving average of $28.18 and a 200 day moving average of $30.28. The stock has a market cap of $1.31 billion, a PE ratio of 13.59 and a beta of 0.60.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The energy company reported $0.36 earnings per share 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 company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a dividend of $0.7258 per share. This represents a $2.90 dividend on an annualized basis and a yield of 10.47%. The ex-dividend date of this dividend was Monday, May 5th. Dorchester Minerals's dividend payout ratio (DPR) is currently 142.16%.

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.