Dorchester Minerals (NASDAQ:DMLP) Stock Price Up 1.6%

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) shares rose 1.6% during mid-day trading on Friday . The company traded as high as $34.94 and last traded at $34.70. Approximately 24,950 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 79,602 shares. The stock had previously closed at $34.16.

Analysts Set New Price Targets

Separately, StockNews.com raised Dorchester Minerals from a "hold" rating to a "buy" rating in a report on Saturday, January 6th.

Dorchester Minerals Stock Up 0.1 %

The stock has a fifty day moving average of $32.08 and a 200-day moving average of $30.70. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 12.04 and a beta of 1.11.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last announced its earnings results on Thursday, February 22nd. The energy company reported $0.90 earnings per share (EPS) for the quarter. The business had revenue of $50.42 million for the quarter. Dorchester Minerals had a net margin of 68.89% and a return on equity of 66.48%.

Dorchester Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 8th. Stockholders of record on Monday, January 29th were given a dividend of $1.0079 per share. The ex-dividend date was Friday, January 26th. This is a positive change from Dorchester Minerals's previous quarterly dividend of $0.54. This represents a $4.03 dividend on an annualized basis and a dividend yield of 11.79%. Dorchester Minerals's dividend payout ratio (DPR) is 141.90%.

Insider Transactions at Dorchester Minerals

In other news, insider Minerals Operating Dorchester acquired 1,275 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average cost of $30.90 per share, for a total transaction of $39,397.50. Following the transaction, the insider now directly owns 48,574 shares in the company, valued at approximately $1,500,936.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have acquired 13,775 shares of company stock worth $448,648. Insiders own 7.10% of the company's stock.

Hedge Funds Weigh In On Dorchester Minerals

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citigroup Inc. grew its position in Dorchester Minerals by 4,306.7% in the 3rd quarter. Citigroup Inc. now owns 2,644 shares of the energy company's stock valued at $77,000 after buying an additional 2,584 shares during the last quarter. HWG Holdings LP acquired a new stake in Dorchester Minerals in the fourth quarter valued at $318,000. Alps Advisors Inc. lifted its holdings in Dorchester Minerals by 8.5% in the third quarter. Alps Advisors Inc. now owns 11,893 shares of the energy company's stock valued at $345,000 after acquiring an additional 933 shares during the period. HighTower Advisors LLC lifted its holdings in Dorchester Minerals by 181.1% in the third quarter. HighTower Advisors LLC now owns 19,094 shares of the energy company's stock valued at $555,000 after acquiring an additional 12,302 shares during the period. Finally, Pathstone Family Office LLC acquired a new stake in Dorchester Minerals in the third quarter valued at $246,000. 19.21% of the stock is currently owned by hedge funds and other institutional investors.

Dorchester Minerals Company 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.