Dorchester Minerals, L.P. (NASDAQ:DMLP – Get Rating) declared a quarterly dividend on Thursday, January 19th, Zacks reports. Stockholders of record on Monday, January 30th will be paid a dividend of 0.884 per share by the energy company on Thursday, February 9th. This represents a $3.54 annualized dividend and a dividend yield of 11.27%. The ex-dividend date is Friday, January 27th.
Dorchester Minerals has increased its dividend payment by an average of 20.2% per year over the last three years and has raised its dividend every year for the last 1 years.
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Dorchester Minerals Stock Performance
DMLP stock opened at $31.37 on Friday. Dorchester Minerals has a fifty-two week low of $21.30 and a fifty-two week high of $32.61. The company's 50 day moving average price is $29.16 and its 200 day moving average price is $28.28. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 9.51 and a beta of 1.26.
Dorchester Minerals (NASDAQ:DMLP – Get Rating) last released its quarterly earnings data on Thursday, November 3rd. The energy company reported $0.88 earnings per share (EPS) for the quarter. Dorchester Minerals had a net
margin of 77.66% and a return on equity of 75.74%. The company had revenue of $44.06 million during the quarter.
Insider Activity at Dorchester Minerals
In related news, CEO Bradley J. Ehrman purchased 1,760 shares of the firm's stock in a transaction on Thursday, November 10th. The stock was purchased at an average price of $28.73 per share, for a total transaction of $50,564.80. Following the acquisition, the chief executive officer now directly owns 75,568 shares in the company, valued at $2,171,068.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Bradley J. Ehrman acquired 1,760 shares of the firm's stock in a transaction on Thursday, November 10th. The stock was bought at an average cost of $28.73 per share, with a total value of $50,564.80. Following the transaction, the chief executive officer now directly owns 75,568 shares in the company, valued at approximately $2,171,068.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Leslie A. Moriyama acquired 1,732 shares of the stock in a transaction on Wednesday, November 16th. The shares were acquired at an average price of $28.75 per share, with a total value of $49,795.00. Following the purchase, the chief financial officer now owns 40,689 shares in the company, valued at $1,169,808.75. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 38,492 shares of company stock worth $1,092,910. 7.50% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Dorchester Minerals
A number of institutional investors have recently modified their holdings of DMLP. Cannell Capital LLC boosted its stake in Dorchester Minerals by 35.2% in the first quarter. Cannell Capital LLC now owns 3,399 shares of the energy company's stock valued at $88,000 after acquiring an additional 885 shares during the period. Wexford Capital LP bought a new stake in shares of Dorchester Minerals in the 2nd quarter worth approximately $150,000. Advisor Group Holdings Inc. boosted its position in Dorchester Minerals by 22.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 8,199 shares of the energy company's stock valued at $212,000 after purchasing an additional 1,503 shares during the period. Bank of Montreal Can bought a new position in Dorchester Minerals during the 1st quarter worth $458,000. Finally, Royal Bank of Canada increased its position in Dorchester Minerals by 37.3% in the third quarter. Royal Bank of Canada now owns 22,116 shares of the energy company's stock worth $553,000 after buying an additional 6,009 shares during the period. Institutional investors own 19.36% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Dorchester Minerals from a "buy" rating to a "strong-buy" rating in a research report on Thursday, November 10th.
About Dorchester Minerals
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Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profit, and leasehold interests in the United States. Its royalty properties consist of producing and nonproducing mineral, royalty, and overriding royalty interests located in 582 counties and parishes in 26 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.
See Also
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