Dorchester Minerals, L.P. (DMLP) Stake Lessened by JPMorgan Chase & Co.
JPMorgan Chase & Co. reduced its position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 11.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,000 shares of the energy company’s stock after selling 1,000 shares during the period. JPMorgan Chase & Co.’s holdings in Dorchester Minerals, L.P. were worth $116,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. First Manhattan Co. lifted its position in shares of Dorchester Minerals, L.P. by 4.7% during the 2nd quarter. First Manhattan Co. now owns 16,650 shares of the energy company’s stock worth $240,000 after purchasing an additional 750 shares during the last quarter. Lee Financial Co lifted its position in shares of Dorchester Minerals, L.P. by 9.5% during the 2nd quarter. Lee Financial Co now owns 23,001 shares of the energy company’s stock worth $332,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. lifted its position in shares of Dorchester Minerals, L.P. by 38.6% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 37,170 shares of the energy company’s stock worth $537,000 after purchasing an additional 10,354 shares during the last quarter. 13.44% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on DMLP shares. BidaskClub raised shares of Dorchester Minerals, L.P. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 11th. TheStreet cut shares of Dorchester Minerals, L.P. from a “b-” rating to a “c+” rating in a research report on Tuesday, August 15th.
In other news, insider Minerals Operating Dorchester purchased 18,900 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was acquired at an average cost of $14.48 per share, with a total value of $273,672.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 9.20% of the stock is currently owned by company insiders.
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Shares of Dorchester Minerals, L.P. (DMLP) opened at 14.55 on Tuesday. Dorchester Minerals, L.P. has a 52-week low of $13.90 and a 52-week high of $19.30. The stock has a market capitalization of $469.66 million, a PE ratio of 15.19 and a beta of 0.80. The stock’s 50 day moving average is $14.77 and its 200 day moving average is $15.28.
Dorchester Minerals, L.P. (NASDAQ:DMLP) last released its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.26 earnings per share for the quarter. The business had revenue of $12.55 million during the quarter. Dorchester Minerals, L.P. had a net margin of 65.28% and a return on equity of 41.71%.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Monday, October 30th will be issued a dividend of $0.2847 per share. This represents a $1.14 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date of this dividend is Friday, October 27th. Dorchester Minerals, L.P.’s payout ratio is 120.00%.
About Dorchester Minerals, L.P.
Dorchester Minerals, L.P. is a limited partnership company. The Company is engaged in the acquisition, ownership and administration of Royalty Properties and net profits interests (NPIs). As of December 31, 2016, the Royalty Properties consisted of producing and nonproducing mineral, royalty, overriding royalty, net profits and leasehold interests located in 574 counties and parishes in 25 states.
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