Dorchester Minerals, L.P. (NASDAQ:DMLP) Stock Holdings Decreased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC reduced its stake in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 264,113 shares of the energy company’s stock after selling 11,731 shares during the quarter. Kingsview Wealth Management LLC owned approximately 0.56% of Dorchester Minerals worth $7,963,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. HWG Holdings LP acquired a new stake in shares of Dorchester Minerals during the second quarter worth approximately $30,000. Perkins Coie Trust Co acquired a new stake in shares of Dorchester Minerals during the second quarter worth approximately $31,000. BNP Paribas Financial Markets acquired a new stake in shares of Dorchester Minerals during the first quarter worth approximately $110,000. LGT Financial Advisors LLC acquired a new stake in shares of Dorchester Minerals during the third quarter worth approximately $166,000. Finally, Atomi Financial Group Inc. lifted its stake in Dorchester Minerals by 7.3% in the second quarter. Atomi Financial Group Inc. now owns 6,743 shares of the energy company’s stock valued at $208,000 after acquiring an additional 459 shares during the last quarter. 19.21% of the stock is currently owned by institutional investors and hedge funds.

Dorchester Minerals Stock Up 0.7 %

NASDAQ DMLP opened at $33.74 on Friday. The stock has a market capitalization of $1.60 billion, a PE ratio of 12.14 and a beta of 1.09. The company has a 50 day moving average price of $31.89 and a two-hundred day moving average price of $31.39. Dorchester Minerals, L.P. has a 12-month low of $28.40 and a 12-month high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last posted its earnings results on Thursday, October 31st. The energy company reported $0.87 earnings per share (EPS) for the quarter. The firm had revenue of $53.47 million during the quarter. Dorchester Minerals had a net margin of 66.02% and a return on equity of 48.81%.

Dorchester Minerals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, October 28th were paid a $0.996 dividend. This represents a $3.98 dividend on an annualized basis and a dividend yield of 11.81%. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.70. The ex-dividend date was Monday, October 28th. Dorchester Minerals’s payout ratio is presently 143.17%.

Insider Transactions at Dorchester Minerals

In other news, CFO Leslie A. Moriyama acquired 3,218 shares of Dorchester Minerals stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost of $32.60 per share, for a total transaction of $104,906.80. Following the completion of the purchase, the chief financial officer now owns 71,400 shares of the company’s stock, valued at $2,327,640. This represents a 4.72 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 7.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

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.