Dorchester Minerals (NASDAQ:DMLP) Sets New 1-Year High - What's Next?

Key Points

• Dorchester Minerals shares reached a new 52-week high of $29.80 and last traded near $29.75, giving the company a market capitalization of approximately $1.45 billion.
• Analysts maintain a consensus “Hold” rating. The company recently reported quarterly EPS of $0.62, revenue of $56.08 million, a 45.45% net margin, and a 28.43% return on equity.
• Dorchester increased its quarterly dividend to $1.2729, equivalent to an annualized $5.09 payout and a 17.2% yield. CFO Leslie Moriyama also bought 5,197 shares, increasing her holdings by 5.29%.

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as $29.80 and last traded at $29.7450, with a volume of 340 shares changing hands. The stock had previously closed at $29.55.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Dorchester Minerals in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Dorchester Minerals Trading Up 0.2%

The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 16.83 and a beta of 0.55. The stock has a fifty day moving average of $27.67 and a 200-day moving average of $27.30.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last announced its earnings results on Thursday, August 6th. The energy company reported $0.62 EPS for the quarter. Dorchester Minerals had a return on equity of 28.43% and a net margin of 45.45%.The business had revenue of $56.08 million during the quarter.

Dorchester Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 3rd were issued a $1.2729 dividend. The ex-dividend date was Monday, August 3rd. This is a positive change from Dorchester Minerals's previous quarterly dividend of $0.48. This represents a $5.09 annualized dividend and a dividend yield of 17.2%. Dorchester Minerals's dividend payout ratio is 289.20%.

Insider Buying and Selling at Dorchester Minerals

In other news, CFO Leslie Moriyama bought 5,197 shares of the company's stock in a transaction dated Wednesday, August 19th. The shares were acquired at an average cost of $28.30 per share, with a total value of $147,075.10. Following the completion of the transaction, the chief financial officer directly owned 103,405 shares in the company, valued at approximately $2,926,361.50. The trade was a 5.29% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dorchester Minerals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pin Oak Investment Advisors Inc. purchased a new position in Dorchester Minerals during the 2nd quarter worth approximately $25,000. Geneos Wealth Management Inc. boosted its position in Dorchester Minerals by 59.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company's stock worth $35,000 after acquiring an additional 440 shares during the period. EverSource Wealth Advisors LLC boosted its position in Dorchester Minerals by 4,918.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,061 shares of the energy company's stock worth $68,000 after acquiring an additional 3,000 shares during the period. Kestra Advisory Services LLC purchased a new position in Dorchester Minerals during the 4th quarter valued at about $68,000. Finally, Osaic Holdings Inc. grew its stake in Dorchester Minerals by 14.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company's stock valued at $104,000 after acquiring an additional 463 shares in the last quarter. Institutional investors and hedge funds own 19.21% of the company's stock.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. NASDAQ: DMLP is a publicly traded limited partnership that owns and manages mineral, royalty, overriding royalty and net profits interests in oil and natural gas properties in the United States. Rather than primarily drilling and operating wells, the partnership typically leases its mineral interests to exploration and production companies and receives royalty and other payments from the resulting production.

The partnership's assets are located across several major U.S.

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