Adams Asset Advisors LLC Has $17.19 Million Position in Dorchester Minerals, L.P. $DMLP

Key Points

• Adams Asset Advisors LLC increased its stake in Dorchester Minerals, L.P. by 10.3% during the 2nd quarter, owning a total of 617,108 shares worth approximately $17.2 million.
• The company reported a quarterly EPS of $0.25 and a revenue of $32.40 million for the last quarter, with a net margin of 47.35%.
• Dorchester Minerals declared a dividend of $0.6202 per share, representing a 9.8% yield, but has a payout ratio of 144.19%.

Adams Asset Advisors LLC lifted its position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 10.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 617,108 shares of the energy company's stock after acquiring an additional 57,600 shares during the quarter. Dorchester Minerals accounts for about 2.4% of Adams Asset Advisors LLC's holdings, making the stock its 6th biggest position. Adams Asset Advisors LLC owned about 1.30% of Dorchester Minerals worth $17,193,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. HWG Holdings LP acquired a new stake in Dorchester Minerals in the 1st quarter valued at $29,000. Geneos Wealth Management Inc. grew its stake in shares of Dorchester Minerals by 59.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company's stock valued at $35,000 after acquiring an additional 440 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Dorchester Minerals during the first quarter valued at about $198,000. Cetera Investment Advisers acquired a new stake in shares of Dorchester Minerals during the fourth quarter valued at about $200,000. Finally, Focus Partners Wealth acquired a new stake in shares of Dorchester Minerals during the fourth quarter valued at about $208,000. Hedge funds and other institutional investors own 19.21% of the company's stock.

Dorchester Minerals Stock Performance

Shares of DMLP traded down $0.42 during mid-day trading on Friday, reaching $25.21. 26,951 shares of the company's stock traded hands, compared to its average volume of 121,569. Dorchester Minerals, L.P. has a 12 month low of $24.01 and a 12 month high of $34.88. The stock has a market capitalization of $1.19 billion, a P/E ratio of 14.67 and a beta of 0.65. The business's 50-day moving average price is $25.94 and its 200-day moving average price is $27.59.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last announced its earnings results on Thursday, August 7th. The energy company reported $0.25 EPS for the quarter. The firm had revenue of $32.40 million for the quarter. Dorchester Minerals had a return on equity of 22.49% and a net margin of 47.35%.

Dorchester Minerals Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 4th were paid a $0.6202 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.48 dividend on an annualized basis and a yield of 9.8%. Dorchester Minerals's payout ratio is presently 144.19%.

About Dorchester Minerals

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.