Wells Fargo & Company MN cut its stake in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 58.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,823 shares of the energy company's stock after selling 59,733 shares during the quarter. Wells Fargo & Company MN owned about 0.09% of Dorchester Minerals worth $1,427,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Horizon Kinetics Asset Management LLC increased its holdings in Dorchester Minerals by 1.3% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 908,646 shares of the energy company's stock worth $30,285,000 after buying an additional 11,753 shares in the last quarter. Round Rock Advisors LLC bought a new stake in Dorchester Minerals in the 4th quarter worth about $3,877,000. GraniteShares Advisors LLC increased its holdings in Dorchester Minerals by 1.0% in the 4th quarter. GraniteShares Advisors LLC now owns 73,272 shares of the energy company's stock worth $2,442,000 after buying an additional 743 shares in the last quarter. LPL Financial LLC increased its holdings in Dorchester Minerals by 9.3% in the 4th quarter. LPL Financial LLC now owns 57,173 shares of the energy company's stock worth $1,906,000 after buying an additional 4,877 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Dorchester Minerals by 29.9% in the 4th quarter. Geode Capital Management LLC now owns 32,261 shares of the energy company's stock worth $1,075,000 after buying an additional 7,427 shares in the last quarter. 19.21% of the stock is currently owned by institutional investors.
Dorchester Minerals Trading Up 0.9 %
DMLP traded up $0.27 during trading on Thursday, hitting $28.93. 79,967 shares of the company traded hands, compared to its average volume of 95,190. The company has a market cap of $1.37 billion, a PE ratio of 13.65 and a beta of 0.79. The stock's 50-day simple moving average is $29.38 and its two-hundred day simple moving average is $31.58. Dorchester Minerals, L.P. has a 1 year low of $25.84 and a 1 year high of $34.88.
Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The energy company reported $0.24 EPS for the quarter. Dorchester Minerals had a net margin of 56.77% and a return on equity of 36.86%. The business had revenue of $39.71 million during the quarter.
Dorchester Minerals Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be issued a $0.7258 dividend. The ex-dividend date is Monday, May 5th. This represents a $2.90 annualized dividend and a dividend yield of 10.04%. Dorchester Minerals's dividend payout ratio (DPR) is presently 136.79%.
Wall Street Analyst Weigh In
Separately, StockNews.com cut Dorchester Minerals from a "buy" rating to a "hold" rating in a research report on Monday, February 24th.
Check Out Our Latest Stock Report on Dorchester Minerals
Insider Transactions at Dorchester Minerals
In related news, CEO Bradley J. Ehrman acquired 3,356 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average price of $29.80 per share, for a total transaction of $100,008.80. Following the acquisition, the chief executive officer now directly owns 117,710 shares of the company's stock, valued at $3,507,758. This represents a 2.93 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Minerals Operating Dorchester purchased 6,500 shares of Dorchester Minerals stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average price of $30.90 per share, with a total value of $200,850.00. Following the acquisition, the insider now owns 47,682 shares in the company, valued at approximately $1,473,373.80. This represents a 15.78 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 17,691 shares of company stock worth $548,939. 5.90% of the stock is currently owned by insiders.
Dorchester Minerals Profile
(
Free Report)
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.
Featured Articles
Before you consider Dorchester Minerals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dorchester Minerals wasn't on the list.
While Dorchester Minerals currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
