Natural Resource Partners LP (NYSE:NRP - Get Free Report) saw an uptick in trading volume on Thursday . 34,198 shares were traded during trading, an increase of 84% from the previous session's volume of 18,573 shares.The stock last traded at $104.58 and had previously closed at $103.60.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Natural Resource Partners from a "hold" rating to a "buy" rating in a report on Saturday, August 9th.
Check Out Our Latest Research Report on NRP
Natural Resource Partners Stock Performance
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 company has a 50-day moving average price of $98.93 and a 200-day moving average price of $100.11. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 9.83 and a beta of 0.35.
Natural Resource Partners (NYSE:NRP - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The energy company reported $2.52 earnings per share (EPS) 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, August 19th. Natural Resource Partners's dividend payout ratio is 28.20%.
Institutional Investors Weigh In On Natural Resource Partners
A number of institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in shares of Natural Resource Partners by 144.0% in the second quarter. NewEdge Advisors LLC now owns 266 shares of the energy company's stock valued at $25,000 after purchasing an additional 157 shares in the last quarter. Pecaut & CO. lifted its holdings in shares of Natural Resource Partners by 6.8% in the second quarter. Pecaut & CO. now owns 7,800 shares of the energy company's stock valued at $745,000 after purchasing an additional 500 shares in the last quarter. Jump Financial LLC lifted its holdings in shares of Natural Resource Partners by 8.1% in the second quarter. Jump Financial LLC now owns 2,444 shares of the energy company's stock valued at $233,000 after purchasing an additional 184 shares in the last quarter. Solidarity Wealth LLC lifted its holdings in shares of Natural Resource Partners by 13.0% in the second quarter. Solidarity Wealth LLC now owns 186,393 shares of the energy company's stock valued at $17,802,000 after purchasing an additional 21,376 shares in the last quarter. Finally, Castalian Partners LLC increased its stake in shares of Natural Resource Partners by 13.9% in the second quarter. Castalian Partners LLC now owns 77,081 shares of the energy company's stock worth $7,362,000 after acquiring an additional 9,400 shares during the last quarter. Institutional investors and hedge funds own 31.77% of the company's stock.
Natural Resource Partners Company Profile
(
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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