Natural Resource Partners (NYSE:NRP) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Natural Resource Partners experienced a significant increase in trading volume, with 14,674 shares traded, marking a 25% rise from the previous session.
• Analysts from Wall Street Zen upgraded the stock from a "hold" to a "buy" rating, reflecting improved confidence in the company's performance.
• The company announced a quarterly dividend of $0.75, amounting to an annualized dividend of $3.00, with a yield of 2.9% and a payout ratio of 28.20%.

Natural Resource Partners LP (NYSE:NRP - Get Free Report) saw an uptick in trading volume on Wednesday . 14,674 shares were traded during mid-day trading, an increase of 25% from the previous session's volume of 11,771 shares.The stock last traded at $103.00 and had previously closed at $103.56.

Analysts Set New Price Targets

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

Natural Resource Partners Trading Down 1.5%

The company has a debt-to-equity ratio of 0.15, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 9.49 and a beta of 0.29. The business has a fifty day moving average of $101.52 and a 200-day moving average of $100.04.

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

Natural Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 19th were issued a $0.75 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.0%. Natural Resource Partners's dividend payout ratio is currently 28.20%.

Institutional Investors Weigh In On Natural Resource Partners

A number of institutional investors have recently modified their holdings of the stock. Corient Private Wealth LLC lifted its stake in shares of Natural Resource Partners by 12,329.6% in the 2nd quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company's stock valued at $59,357,000 after purchasing an additional 616,478 shares during the last quarter. Progeny 3 Inc. acquired a new position in Natural Resource Partners during the 4th quarter worth $15,732,000. Solidarity Wealth LLC raised its position in shares of Natural Resource Partners by 79.0% during the first quarter. Solidarity Wealth LLC now owns 165,017 shares of the energy company's stock valued at $17,145,000 after buying an additional 72,831 shares during the last quarter. Bank of America Corp DE lifted its position in Natural Resource Partners by 48.9% in the fourth quarter. Bank of America Corp DE now owns 57,085 shares of the energy company's stock worth $6,336,000 after purchasing an additional 18,754 shares during the period. Finally, Meixler Investment Management Ltd. raised its position in Natural Resource Partners by 36.6% in the second quarter. Meixler Investment Management Ltd. now owns 67,502 shares of the energy company's stock worth $6,447,000 after purchasing an additional 18,102 shares in the last quarter. Institutional investors and hedge funds 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.