Dorchester Minerals (NASDAQ:DMLP) Releases Earnings Results

Dorchester Minerals (NASDAQ:DMLP) released its quarterly earnings results on Thursday. The energy company reported $0.87 earnings per share (EPS) for the quarter, reports. Dorchester Minerals had a net margin of 66.16% and a return on equity of 59.40%. The business had revenue of $53.47 million for the quarter.

Dorchester Minerals Stock Performance

NASDAQ:DMLP opened at $32.01 on Friday. The stock has a 50-day simple moving average of $30.96 and a 200-day simple moving average of $31.42. The stock has a market cap of $1.28 billion, a P/E ratio of 12.13 and a beta of 1.10. Dorchester Minerals has a 1 year low of $27.16 and a 1 year high of $35.74.

Dorchester Minerals Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Monday, October 28th will be given a dividend of $0.996 per share. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.70. This represents a $3.98 annualized dividend and a dividend yield of 12.45%. The ex-dividend date is Monday, October 28th. Dorchester Minerals’s payout ratio is 150.76%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Monday, August 5th.

Institutional Trading of Dorchester Minerals

Institutional investors have recently modified their holdings of the stock. LGT Financial Advisors LLC acquired a new stake in shares of Dorchester Minerals in the 3rd quarter valued at about $166,000. Clarity Financial LLC boosted its position in shares of Dorchester Minerals by 40.6% during the 3rd quarter. Clarity Financial LLC now owns 10,520 shares of the energy company’s stock worth $317,000 after purchasing an additional 3,040 shares in the last quarter. Inscription Capital LLC boosted its holdings in Dorchester Minerals by 14.8% during the third quarter. Inscription Capital LLC now owns 46,500 shares of the energy company’s stock worth $1,402,000 after buying an additional 6,000 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its stake in shares of Dorchester Minerals by 7.8% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 9,658 shares of the energy company’s stock worth $291,000 after acquiring an additional 701 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in Dorchester Minerals in the third quarter valued at $300,000. Hedge funds and other institutional investors own 19.21% of the company’s stock.

Dorchester Minerals Company Profile

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.