Natural Resource Partners LP (NYSE:NRP - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 23,227 shares were traded during trading, a decline of 16% from the previous session's volume of 27,551 shares.The stock last traded at $95.62 and had previously closed at $94.91.
Natural Resource Partners Stock Performance
The stock has a market cap of $1.25 billion, a PE ratio of 9.25 and a beta of 0.28. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.45 and a quick ratio of 2.45. The business has a 50 day moving average price of $98.12 and a two-hundred day moving average price of $102.13.
Natural Resource Partners (NYSE:NRP - Get Free Report) last posted its earnings results on Tuesday, May 6th. The energy company reported $2.97 earnings per share for the quarter. Natural Resource Partners had a return on equity of 31.31% and a net margin of 66.17%. The firm had revenue of $60.54 million for the quarter.
Natural Resource Partners Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 20th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $3.00 dividend on an annualized basis and a yield of 3.12%. Natural Resource Partners's dividend payout ratio is currently 28.82%.
Institutional Investors Weigh In On Natural Resource Partners
Institutional investors have recently modified their holdings of the business. US Bancorp DE bought a new position in shares of Natural Resource Partners in the 4th quarter worth approximately $33,000. Covestor Ltd raised its position in Natural Resource Partners by 26.1% during the fourth quarter. Covestor Ltd now owns 773 shares of the energy company's stock valued at $86,000 after purchasing an additional 160 shares during the period. Larson Financial Group LLC bought a new stake in shares of Natural Resource Partners in the 4th quarter worth about $89,000. Avalon Capital Management bought a new stake in shares of Natural Resource Partners during the 4th quarter worth approximately $222,000. Finally, Formidable Asset Management LLC purchased a new stake in Natural Resource Partners in the 4th quarter valued at about $222,000. 31.77% of the stock is owned by hedge funds and other institutional investors.
About Natural Resource Partners
(
Get Free Report)
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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