JPMorgan Chase & Co. raised its stake in shares of Dorchester Minerals LP (NASDAQ:DMLP) by 276.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 210,764 shares of the energy company’s stock after buying an additional 154,812 shares during the quarter. JPMorgan Chase & Co. owned about 0.65% of Dorchester Minerals worth $4,300,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in DMLP. Russell Investments Group Ltd. purchased a new position in shares of Dorchester Minerals during the 2nd quarter worth $325,000. BlackRock Inc. purchased a new position in shares of Dorchester Minerals during the 2nd quarter worth $392,000. First Republic Investment Management Inc. purchased a new position in shares of Dorchester Minerals during the 2nd quarter worth $652,000. Acadian Asset Management LLC raised its position in shares of Dorchester Minerals by 479.7% in the 3rd quarter. Acadian Asset Management LLC now owns 34,363 shares of the energy company’s stock worth $701,000 after buying an additional 28,435 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of Dorchester Minerals by 13.5% in the 2nd quarter. California Public Employees Retirement System now owns 35,018 shares of the energy company’s stock worth $721,000 after buying an additional 4,174 shares during the period. Hedge funds and other institutional investors own 16.59% of the company’s stock.
Separately, BidaskClub upgraded Dorchester Minerals from a “sell” rating to a “hold” rating in a report on Thursday, September 27th.
Shares of Dorchester Minerals stock traded down $0.16 during trading hours on Friday, hitting $15.91. 14,014 shares of the company’s stock traded hands, compared to its average volume of 32,463. The company has a market capitalization of $528.10 million, a PE ratio of 10.76 and a beta of 0.82. Dorchester Minerals LP has a twelve month low of $14.11 and a twelve month high of $21.15.
Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Thursday, November 1st. The energy company reported $0.27 earnings per share for the quarter. The company had revenue of $13.94 million during the quarter. Dorchester Minerals had a return on equity of 57.56% and a net margin of 72.13%.
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Dorchester Minerals Profile
Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profits, and leasehold interests in the United States. The company’s royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 574 counties and parishes in 25 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.
See Also: Cost of Capital
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