Dorchester Minerals (NASDAQ:DMLP) Posts Earnings Results

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) issued its quarterly 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 firm had revenue of $39.71 million during the quarter.

Dorchester Minerals Price Performance

Shares of Dorchester Minerals stock traded down $0.15 during trading on Monday, hitting $31.06. 133,811 shares of the company's stock traded hands, compared to its average volume of 165,266. Dorchester Minerals has a 1 year low of $28.41 and a 1 year high of $35.74. The stock has a market capitalization of $1.47 billion, a P/E ratio of 14.65 and a beta of 1.07. The business has a 50-day simple moving average of $32.53 and a 200-day simple moving average of $32.00.

Dorchester Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 3rd were given a dividend of $0.7394 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.96 annualized dividend and a dividend yield of 9.52%. Dorchester Minerals's dividend payout ratio (DPR) is presently 139.15%.

Insider Activity at Dorchester Minerals

In other Dorchester Minerals news, CFO Leslie A. Moriyama acquired 12,050 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average cost of $34.41 per share, with a total value of $414,640.50. Following the completion of the transaction, the chief financial officer now directly owns 83,450 shares of the company's stock, valued at approximately $2,871,514.50. This represents a 16.88 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bradley J. Ehrman acquired 14,430 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of $34.41 per share, for a total transaction of $496,536.30. Following the completion of the transaction, the chief executive officer now directly owns 29,622 shares of the company's stock, valued at $1,019,293.02. The trade was a 94.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 52,269 shares of company stock valued at $1,732,575 over the last ninety days. 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.