Dorchester Minerals LP (DMLP) : Penn Davis Mcfarland Inc reduced its stake in Dorchester Minerals LP by 9.98% during the most recent quarter end. The investment management company now holds a total of 126,230 shares of Dorchester Minerals LP which is valued at $1,821,499 after selling 14,000 shares in Dorchester Minerals LP , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Dorchester Minerals LP makes up approximately 0.48% of Penn Davis Mcfarland Inc’s portfolio.
Other Hedge Funds, Including , Cutler Group Lp reduced its stake in DMLP by selling 775 shares or 18.71% in the most recent quarter. The Hedge Fund company now holds 3,367 shares of DMLP which is valued at $47,778.Bnp Paribas Arbitrage Sa boosted its stake in DMLP in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 17 shares of Dorchester Minerals LP which is valued at $240.
Dorchester Minerals LP opened for trading at $14.25 and hit $14.66 on the upside on Monday, eventually ending the session at $14.43, with a gain of 0.28% or 0.04 points. The heightened volatility saw the trading volume jump to 13,344 shares. Company has a market cap of $443 M.
Dorchester Minerals L.P. is engaged in the acquisition ownership and administration of Royalty Properties and Net Profits Interests (NPIs). The Royalty Properties consist of producing and non-producing mineral royalty overriding royalty net profits and leasehold interests located in approximately 574 counties and parishes in 25 states. The NPIs represent net profits overriding royalty interests in various properties owned by the Company. Wells with such overlapping interests are counted in both categories. It owns NPIs in 12 states and 65 counties/parishes covering 144000 gross acres and 81000 net acres. . In some wells the Company owns both a royalty interest and a net profits interest. The Company owns varying undivided perpetual mineral interests in approximately 70000/9000 gross/net acres located in Burke Divide Dunn McKenzie Mountrail and Williams Counties North Dakota of Horizontal Bakken Williston Basin.