Mercer Global Advisors Inc. ADV Takes Position in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Mercer Global Advisors Inc. ADV purchased a new stake in Dorchester Minerals, L.P. (NASDAQ:DMLP – Get Rating) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 7,900 shares of the energy company’s stock, valued at approximately $236,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. U.S. Capital Wealth Advisors LLC acquired a new stake in Dorchester Minerals in the fourth quarter worth $36,000. Worth Asset Management LLC bought a new position in Dorchester Minerals during the fourth quarter worth about $46,000. Cannell Capital LLC grew its stake in Dorchester Minerals by 35.2% in the first quarter. Cannell Capital LLC now owns 3,399 shares of the energy company’s stock valued at $88,000 after acquiring an additional 885 shares during the period. Signaturefd LLC increased its holdings in shares of Dorchester Minerals by 71.3% in the third quarter. Signaturefd LLC now owns 3,612 shares of the energy company’s stock worth $90,000 after acquiring an additional 1,504 shares in the last quarter. Finally, Wexford Capital LP acquired a new stake in shares of Dorchester Minerals during the second quarter worth about $150,000. Institutional investors own 19.36% of the company’s stock.

Dorchester Minerals Stock Down 1.0 %

Shares of DMLP stock opened at $28.37 on Friday. Dorchester Minerals, L.P. has a 12-month low of $22.51 and a 12-month high of $32.61. The firm has a fifty day moving average of $29.11 and a 200-day moving average of $29.34. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 8.70 and a beta of 1.23.

Dorchester Minerals (NASDAQ:DMLP – Get Rating) last released its earnings results on Thursday, February 23rd. The energy company reported $0.71 earnings per share (EPS) for the quarter. The firm had revenue of $38.88 million during the quarter. Dorchester Minerals had a return on equity of 73.63% and a net margin of 75.07%.

Dorchester Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 11th. Shareholders of record on Monday, May 1st were paid a $0.99 dividend. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Friday, April 28th. This represents a $3.96 annualized dividend and a yield of 13.96%. Dorchester Minerals’s payout ratio is presently 121.47%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Dorchester Minerals in a research report on Thursday, May 18th. They issued a “buy” rating for the company.

Insiders Place Their Bets

In other Dorchester Minerals news, insider Minerals Operating Dorchester acquired 4,000 shares of the stock in a transaction dated Wednesday, March 22nd. The shares were bought at an average cost of $28.12 per share, for a total transaction of $112,480.00. Following the completion of the acquisition, the insider now directly owns 24,967 shares of the company’s stock, valued at $702,072.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 7.50% of the company’s stock.

Dorchester Minerals Profile

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Dorchester Minerals LP engages in the acquisition, ownership, and administration of royalty properties and net profits interests (NPI). The NPI represents a net profits overriding royalty interest burdening various properties owned by its operating partnership. Royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests.