Dorchester Minerals (NASDAQ:DMLP) Stock Passes Above 200 Day Moving Average – Time to Sell?

Dorchester Minerals, L.P. (NASDAQ:DMLP)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.37 and traded as high as $27.65. Dorchester Minerals shares last traded at $27.44, with a volume of 489,443 shares.

Analyst Upgrades and Downgrades

DMLP has been the topic of several analyst reports. Wall Street Zen raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “hold (c)” rating on shares of Dorchester Minerals in a research report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Dorchester Minerals Trading Up 1.3%

The company has a market cap of $1.34 billion, a price-to-earnings ratio of 19.99 and a beta of 0.55. The firm’s fifty day moving average price is $26.76 and its 200-day moving average price is $26.38.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.59 EPS for the quarter. The business had revenue of $58.88 million for the quarter. Dorchester Minerals had a return on equity of 22.11% and a net margin of 40.85%.

Dorchester Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 3rd will be issued a $1.2729 dividend. This represents a $5.09 annualized dividend and a dividend yield of 18.3%. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, August 3rd. Dorchester Minerals’s dividend payout ratio is currently 136.69%.

Insider Transactions at Dorchester Minerals

In other Dorchester Minerals news, CEO Bradley J. Ehrman acquired 4,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average price of $26.78 per share, for a total transaction of $107,120.00. Following the acquisition, the chief executive officer directly owned 142,723 shares of the company’s stock, valued at approximately $3,822,121.94. This trade represents a 2.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Minerals Operating Dorchester acquired 7,500 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average price of $27.56 per share, with a total value of $206,700.00. Following the completion of the transaction, the insider directly owned 70,017 shares in the company, valued at $1,929,668.52. This trade represents a 12.00% increase in their position. The disclosure for this purchase is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have bought 19,000 shares of company stock worth $526,070. 5.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dorchester Minerals

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in Dorchester Minerals by 5.4% in the 1st quarter. Royal Bank of Canada now owns 74,470 shares of the energy company’s stock worth $2,240,000 after purchasing an additional 3,785 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Dorchester Minerals by 6.3% in the first quarter. Goldman Sachs Group Inc. now owns 35,684 shares of the energy company’s stock valued at $1,073,000 after purchasing an additional 2,101 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Dorchester Minerals by 59.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock valued at $35,000 after purchasing an additional 440 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of Dorchester Minerals during the second quarter worth about $293,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Dorchester Minerals by 17.0% during the second quarter. JPMorgan Chase & Co. now owns 10,815 shares of the energy company’s stock worth $301,000 after buying an additional 1,570 shares during the period. 19.21% of the stock is currently owned by institutional investors and hedge funds.

About Dorchester Minerals

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.