Dorchester Minerals, L.P. $DMLP Shares Acquired by Adams Asset Advisors LLC

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 raised its position in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 10.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 investment portfolio, making the stock its 6th largest holding. Adams Asset Advisors LLC owned approximately 1.30% of Dorchester Minerals worth $17,193,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. HWG Holdings LP acquired a new stake in Dorchester Minerals in the first quarter valued at approximately $29,000. Geneos Wealth Management Inc. grew its position in Dorchester Minerals by 59.9% in 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. Cetera Investment Advisers acquired a new stake in Dorchester Minerals in the fourth quarter valued at approximately $200,000. Focus Partners Wealth acquired a new stake in Dorchester Minerals in the fourth quarter valued at approximately $208,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Dorchester Minerals in the first quarter valued at approximately $198,000. Institutional investors and hedge funds own 19.21% of the company's stock.

Dorchester Minerals Trading Down 0.2%

NASDAQ:DMLP traded down $0.04 during trading hours on Tuesday, hitting $25.39. The stock had a trading volume of 120,695 shares, compared to its average volume of 95,397. The company has a market cap of $1.20 billion, a PE ratio of 14.76 and a beta of 0.65. The business has a 50 day simple moving average of $26.01 and a two-hundred day simple moving average of $27.63. Dorchester Minerals, L.P. has a 1-year low of $24.01 and a 1-year high of $34.88.

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

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 4th were given a dividend of $0.6202 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 9.8%. Dorchester Minerals's dividend payout ratio (DPR) 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.