Natural Resource Partners LP $NRP Shares Sold by Citigroup Inc.

Key Points

• Citigroup Inc. reduced its holdings in Natural Resource Partners LP by 16.7%, selling 29,017 shares and now owning approximately 1.12% of the company, valued at about $15.04 million.
• Several other institutional investors have increased their stakes, with Jane Street Group LLC lifting its holdings by 90.1%, indicating a growing interest in the company.
• Natural Resource Partners recently declared a quarterly dividend of $0.75, representing a 2.9% annual yield, with the ex-dividend date on August 19th.

Citigroup Inc. reduced its stake in Natural Resource Partners LP (NYSE:NRP - Free Report) by 16.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,768 shares of the energy company's stock after selling 29,017 shares during the period. Citigroup Inc. owned 1.12% of Natural Resource Partners worth $15,041,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. ING Groep NV increased its stake in Natural Resource Partners by 16.0% in the first quarter. ING Groep NV now owns 108,910 shares of the energy company's stock valued at $11,316,000 after purchasing an additional 15,000 shares during the last quarter. Solidarity Wealth LLC increased its stake in Natural Resource Partners by 79.0% in the first quarter. Solidarity Wealth LLC now owns 165,017 shares of the energy company's stock valued at $17,145,000 after purchasing an additional 72,831 shares during the last quarter. Pecaut & CO. increased its stake in Natural Resource Partners by 7.4% in the first quarter. Pecaut & CO. now owns 7,300 shares of the energy company's stock valued at $758,000 after purchasing an additional 500 shares during the last quarter. Pekin Hardy Strauss Inc. increased its stake in Natural Resource Partners by 1.0% in the first quarter. Pekin Hardy Strauss Inc. now owns 19,975 shares of the energy company's stock valued at $2,075,000 after purchasing an additional 200 shares during the last quarter. Finally, Inscription Capital LLC purchased a new position in Natural Resource Partners in the first quarter valued at approximately $520,000. 31.77% of the stock is currently owned by hedge funds and other institutional investors.

Natural Resource Partners Stock Performance

Shares of NRP stock traded up $0.4150 during trading hours on Tuesday, hitting $102.6750. The stock had a trading volume of 1,914 shares, compared to its average volume of 24,596. The firm has a market capitalization of $1.33 billion, a PE ratio of 9.65 and a beta of 0.35. Natural Resource Partners LP has a twelve month low of $81.74 and a twelve month high of $113.04. The stock's 50 day moving average is $99.31 and its 200 day moving average is $99.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.20 and a quick ratio of 2.20.

Natural Resource Partners (NYSE:NRP - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The energy company reported $2.52 earnings per share for the quarter. The business had revenue of $50.10 million during the quarter. Natural Resource Partners had a return on equity of 27.76% and a net margin of 65.19%.

Natural Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Tuesday, August 19th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $3.00 annualized dividend and a dividend yield of 2.9%. Natural Resource Partners's dividend payout ratio (DPR) is currently 28.20%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Natural Resource Partners from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th.

Natural Resource Partners Profile

Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana.