LPL Financial LLC Has $2.21 Million Position in Natural Resource Partners LP $NRP

Key Points

• LPL Financial LLC has decreased its stake in Natural Resource Partners LP by 14.1%, selling 3,499 shares and now holds 21,307 shares valued at approximately $2.2 million as of its latest SEC filing.
• Natural Resource Partners LP recently announced a quarterly dividend of $0.75 per share with an annualized dividend yield of 2.9% that will be paid to investors on August 26th.
• In a recent analyst update, Wall Street Zen upgraded Natural Resource Partners from a "hold" to a "buy" rating, indicating positive sentiment towards the stock's future performance.

LPL Financial LLC lessened its stake in shares of Natural Resource Partners LP (NYSE:NRP - Free Report) by 14.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,307 shares of the energy company's stock after selling 3,499 shares during the period. LPL Financial LLC owned about 0.16% of Natural Resource Partners worth $2,214,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Pecaut & CO. increased its position in shares of Natural Resource Partners by 7.4% during the 1st quarter. Pecaut & CO. now owns 7,300 shares of the energy company's stock worth $758,000 after purchasing an additional 500 shares during the last quarter. Pekin Hardy Strauss Inc. grew its stake in shares of 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 buying an additional 200 shares in the last quarter. Inscription Capital LLC acquired a new position in Natural Resource Partners during the first quarter worth $520,000. Exchange Traded Concepts LLC increased its holdings in Natural Resource Partners by 15.9% during the first quarter. Exchange Traded Concepts LLC now owns 7,875 shares of the energy company's stock worth $818,000 after buying an additional 1,082 shares during the last quarter. Finally, DHK Financial Advisors Inc. raised its position in Natural Resource Partners by 11.7% during the first quarter. DHK Financial Advisors Inc. now owns 4,404 shares of the energy company's stock worth $458,000 after acquiring an additional 462 shares in the last quarter. 31.77% of the stock is currently owned by institutional investors.

Natural Resource Partners Stock Performance

Shares of NRP stock traded up $2.1950 during trading on Friday, reaching $103.5050. 7,382 shares of the company's stock were exchanged, compared to its average volume of 18,749. Natural Resource Partners LP has a twelve month low of $81.74 and a twelve month high of $113.04. The firm's fifty day moving average price is $99.87 and its 200-day moving average price is $99.94. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.34 billion, a PE ratio of 9.73 and a beta of 0.35.

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

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 paid a $0.75 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $3.00 dividend on an annualized basis and a yield of 2.9%. Natural Resource Partners's dividend payout ratio is 28.20%.

Analyst Upgrades and Downgrades

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

About Natural Resource Partners

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.