Dorchester Minerals (NASDAQ:DMLP) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Dorchester Minerals shares moved above their 200-day moving average, reaching $29.97 and last trading at $29.42 versus the $27.46 long-term average.
• Analysts remain cautious: Weiss Ratings raised its assessment from “hold (c)” to “hold (c+),” while the sole tracked analyst maintains a Hold rating.
• The partnership reported quarterly EPS of $0.62 on $56.08 million in revenue and paid an unusually high annualized dividend of $5.09 per share, yielding 17.3%; its payout ratio stood at 289.2%.

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.46 and traded as high as $29.97. Dorchester Minerals shares last traded at $29.42, with a volume of 117,334 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Dorchester Minerals from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, September 16th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".

Dorchester Minerals Stock Performance

The stock's 50 day moving average is $28.09 and its 200 day moving average is $27.46. The company has a market capitalization of $1.44 billion, a PE ratio of 16.72 and a beta of 0.55.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $56.08 million during the quarter.

Dorchester Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 3rd were given a dividend of $1.2729 per share. This represents a $5.09 dividend on an annualized basis and a yield of 17.3%. This is a positive change from Dorchester Minerals's previous quarterly dividend of $0.48. The ex-dividend date was Monday, August 3rd. Dorchester Minerals's payout ratio is currently 289.20%.

Insider Activity

In other Dorchester Minerals news, CFO Leslie Moriyama bought 5,197 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The stock was bought at an average cost of $28.30 per share, for a total transaction of $147,075.10. Following the completion of the transaction, the chief financial officer owned 103,405 shares of the company's stock, valued at $2,926,361.50. This represents a 5.29% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dorchester Minerals

Several large investors have recently added to or reduced their stakes in DMLP. Pin Oak Investment Advisors Inc. bought a new stake in shares of Dorchester Minerals in the second quarter worth about $25,000. Kestra Private Wealth Services LLC lifted its holdings in shares of Dorchester Minerals by 10.0% in the 1st quarter. Kestra Private Wealth Services LLC now owns 18,160 shares of the energy company's stock worth $492,000 after buying an additional 1,652 shares during the period. Peapack Gladstone Financial Corp increased its position in Dorchester Minerals by 14.7% during the 4th quarter. Peapack Gladstone Financial Corp now owns 17,532 shares of the energy company's stock valued at $392,000 after purchasing an additional 2,250 shares during the period. EverSource Wealth Advisors LLC boosted its position in Dorchester Minerals by 4,918.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,061 shares of the energy company's stock valued at $68,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Dorchester Minerals by 33.8% in the first quarter. Cetera Investment Advisers now owns 13,057 shares of the energy company's stock valued at $354,000 after buying an additional 3,298 shares during the last quarter. Hedge funds and other institutional investors 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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