Mercer Global Advisors Inc. ADV Acquires 1,250 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP)

Mercer Global Advisors Inc. ADV raised its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 17.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,250 shares of the energy company’s stock after purchasing an additional 1,250 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Dorchester Minerals were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Graney & King LLC bought a new stake in Dorchester Minerals in the 4th quarter valued at about $28,000. Tower Research Capital LLC TRC boosted its holdings in Dorchester Minerals by 638.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the energy company’s stock valued at $37,000 after purchasing an additional 952 shares during the period. JPMorgan Chase & Co. boosted its holdings 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 during the period. Virtus ETF Advisers LLC boosted its holdings in Dorchester Minerals by 7.5% in the 4th quarter. Virtus ETF Advisers LLC now owns 5,729 shares of the energy company’s stock valued at $191,000 after purchasing an additional 402 shares during the period. Finally, State of Tennessee Department of Treasury bought a new stake in Dorchester Minerals in the 4th quarter valued at about $201,000. Institutional investors own 19.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Tuesday.

Insider Activity

In related news, CEO Bradley J. Ehrman acquired 3,356 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 117,710 shares in the company, valued at $3,507,758. This trade represents a 2.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Minerals Operating Dorchester acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, April 30th. The shares were bought at an average price of $28.76 per share, with a total value of $287,600.00. Following the completion of the transaction, the insider now owns 58,017 shares in the company, valued at $1,668,568.92. This represents a 20.83% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.90% of the company’s stock.

Dorchester Minerals Trading Down 1.0%

Shares of NASDAQ:DMLP opened at $28.32 on Friday. The firm has a 50 day moving average of $28.96 and a 200-day moving average of $31.26. The stock has a market capitalization of $1.34 billion, a PE ratio of 13.36 and a beta of 0.62. Dorchester Minerals, L.P. has a 12 month low of $25.84 and a 12 month high of $34.88.

Dorchester Minerals (NASDAQ:DMLP) last issued its earnings results on Thursday, May 8th. The energy company reported $0.36 EPS for the quarter. Dorchester Minerals had a net margin of 56.77% and a return on equity of 36.86%.

Dorchester Minerals Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a $0.7258 dividend. This represents a $2.90 annualized dividend and a dividend yield of 10.25%. The ex-dividend date of this dividend was Monday, May 5th. Dorchester Minerals’s payout ratio is presently 142.16%.

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.