Wells Fargo & Company MN Lowers Stock Holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Wells Fargo & Company MN trimmed its position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 58.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,823 shares of the energy company's stock after selling 59,733 shares during the quarter. Wells Fargo & Company MN owned 0.09% of Dorchester Minerals worth $1,427,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DMLP. Geode Capital Management LLC boosted its holdings in Dorchester Minerals by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 24,834 shares of the energy company's stock valued at $749,000 after acquiring an additional 1,109 shares during the period. JPMorgan Chase & Co. raised its position in Dorchester Minerals by 62.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company's stock valued at $44,000 after purchasing an additional 556 shares in the last quarter. Baker Tilly Wealth Management LLC raised its position in Dorchester Minerals by 15.4% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 12,084 shares of the energy company's stock valued at $403,000 after purchasing an additional 1,613 shares in the last quarter. Albert D Mason Inc. raised its position in Dorchester Minerals by 1.8% in the 4th quarter. Albert D Mason Inc. now owns 29,940 shares of the energy company's stock valued at $998,000 after purchasing an additional 525 shares in the last quarter. Finally, Trust Co. of Vermont raised its position in Dorchester Minerals by 26.7% in the 4th quarter. Trust Co. of Vermont now owns 14,461 shares of the energy company's stock valued at $482,000 after purchasing an additional 3,045 shares in the last quarter. 19.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered Dorchester Minerals from a "buy" rating to a "hold" rating in a research report on Monday, February 24th.

Dorchester Minerals Price Performance

DMLP stock opened at $29.36 on Monday. Dorchester Minerals, L.P. has a 1 year low of $25.84 and a 1 year high of $34.88. The firm has a market capitalization of $1.39 billion, a P/E ratio of 13.85 and a beta of 0.79. The business's 50-day moving average is $29.55 and its two-hundred day moving average is $31.63.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last issued its earnings results on Thursday, February 20th. The energy company reported $0.24 earnings per share for the quarter. Dorchester Minerals had a return on equity of 36.86% and a net margin of 56.77%. The business had revenue of $39.71 million for the quarter.

Dorchester Minerals Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be given a dividend of $0.7258 per share. This represents a $2.90 annualized dividend and a dividend yield of 9.89%. The ex-dividend date of this dividend is Monday, May 5th. Dorchester Minerals's dividend payout ratio (DPR) is presently 136.79%.

Insider Transactions at Dorchester Minerals

In other news, insider Minerals Operating Dorchester acquired 7,500 shares of the firm's stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of $31.69 per share, with a total value of $237,675.00. Following the completion of the acquisition, the insider now owns 41,182 shares of the company's stock, valued at $1,305,057.58. The trade was a 22.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bradley J. Ehrman bought 3,356 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of $29.80 per share, for a total transaction of $100,008.80. Following the completion of the acquisition, the chief executive officer now directly owns 117,710 shares in the company, valued at approximately $3,507,758. This trade represents a 2.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 17,691 shares of company stock valued at $548,939. Corporate insiders own 5.90% of the company's stock.

Dorchester Minerals 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.

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