Natural Resource Partners (NYSE:NRP) Posts Earnings Results

Key Points

• Natural Resource Partners reported earnings of $2.52 per share with a net margin of 65.19% and revenue of $50.10 million for the recent quarter.
• The company declared a quarterly dividend of $0.75 per share, resulting in an annualized dividend yield of 2.9%.
• Royal Bank of Canada increased its stake in Natural Resource Partners by 23.7%, reflecting strong institutional interest in the company.

Natural Resource Partners (NYSE:NRP - Get Free Report) posted its quarterly earnings results on Wednesday. The energy company reported $2.52 earnings per share for the quarter, Zacks reports. Natural Resource Partners had a return on equity of 28.35% and a net margin of 65.19%. The company had revenue of $50.10 million for the quarter.

Natural Resource Partners Price Performance

NRP opened at $104.43 on Friday. The firm has a market cap of $1.35 billion, a PE ratio of 9.81 and a beta of 0.35. The stock has a 50-day moving average price of $98.34 and a 200-day moving average price of $100.22. Natural Resource Partners has a 1 year low of $81.74 and a 1 year high of $113.04. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.45 and a quick ratio of 2.45.

Natural Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 19th will be issued a dividend of $0.75 per share. The ex-dividend date 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 presently 28.82%.

Institutional Trading of Natural Resource Partners

A hedge fund recently raised its stake in Natural Resource Partners stock. Royal Bank of Canada lifted its position in Natural Resource Partners LP (NYSE:NRP - Free Report) by 23.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,199 shares of the energy company's stock after buying an additional 1,761 shares during the period. Royal Bank of Canada owned about 0.07% of Natural Resource Partners worth $956,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 31.77% of the company's stock.

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.

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