Dorchester Minerals (NASDAQ:DMLP) Releases Quarterly Earnings Results

Dorchester Minerals (NASDAQ:DMLP) issued its earnings results on Thursday. The energy company reported $0.24 earnings per share for the quarter, Zacks reports. Dorchester Minerals had a return on equity of 36.86% and a net margin of 56.77%. The company had revenue of $39.71 million during the quarter.

Dorchester Minerals Price Performance

Shares of NASDAQ DMLP opened at $31.16 on Friday. Dorchester Minerals has a 1-year low of $28.41 and a 1-year high of $35.74. The business has a 50-day moving average of $32.56 and a 200-day moving average of $31.97. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 14.70 and a beta of 1.07.

Dorchester Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were given a $0.7394 dividend. This represents a $2.96 annualized dividend and a dividend yield of 9.49%. The ex-dividend date was Monday, February 3rd. Dorchester Minerals’s payout ratio is 139.62%.

Insider Transactions at Dorchester Minerals

In other Dorchester Minerals news, insider Minerals Operating Dorchester purchased 954 shares of Dorchester Minerals stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of $33.19 per share, with a total value of $31,663.26. Following the completion of the acquisition, the insider now owns 33,682 shares of the company’s stock, valued at approximately $1,117,905.58. This trade represents a 2.91 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Leslie A. Moriyama purchased 12,050 shares of Dorchester Minerals stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average cost of $34.41 per share, with a total value of $414,640.50. Following the acquisition, the chief financial officer now directly owns 83,450 shares of the company’s stock, valued at $2,871,514.50. The trade was a 16.88 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 52,269 shares of company stock valued at $1,732,575 over the last quarter. Company insiders own 7.10% 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.