Dorchester Minerals (NASDAQ:DMLP) Issues Quarterly Earnings Results

Dorchester Minerals (NASDAQ:DMLP) issued its quarterly earnings results on Wednesday. The energy company reported $0.59 earnings per share (EPS) for the quarter, Zacks reports. Dorchester Minerals had a return on equity of 17.76% and a net margin of 37.53%.

Dorchester Minerals Stock Down 3.1%

NASDAQ DMLP traded down $0.84 during trading hours on Wednesday, hitting $26.10. 241,733 shares of the stock were exchanged, compared to its average volume of 161,116. The stock has a 50-day moving average of $27.40 and a 200 day moving average of $24.89. Dorchester Minerals has a 12-month low of $20.85 and a 12-month high of $28.95. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 22.50 and a beta of 0.56.

Dorchester Minerals Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, May 4th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Monday, May 4th. Dorchester Minerals’s dividend payout ratio is currently 163.79%.

Hedge Funds Weigh In On Dorchester Minerals

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased 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 purchasing an additional 440 shares during the period. Creative Planning increased its position in Dorchester Minerals by 4.6% during the 3rd quarter. Creative Planning now owns 10,163 shares of the energy company’s stock worth $263,000 after purchasing an additional 450 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. increased its position in Dorchester Minerals by 1.5% during the 3rd quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 29,960 shares of the energy company’s stock worth $776,000 after purchasing an additional 450 shares during the period. Osaic Holdings Inc. increased its position in Dorchester Minerals by 14.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock worth $104,000 after purchasing an additional 463 shares during the period. Finally, Lido Advisors LLC increased its position in Dorchester Minerals by 4.7% during the 4th quarter. Lido Advisors LLC now owns 16,388 shares of the energy company’s stock worth $366,000 after purchasing an additional 738 shares during the period. Institutional investors and hedge funds own 19.21% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. (NASDAQ: DMLP) is a publicly traded master limited partnership that acquires, owns and manages mineral and royalty interests in oil and natural gas properties. The company holds net revenue interests on producing and non-producing wells, entitling it to a share of production proceeds without bearing the costs or operating responsibilities associated with exploration and development activities. Through strategic acquisitions and joint-venture arrangements, Dorchester Minerals builds a diversified portfolio of royalty assets across multiple U.S.