Natural Resource Partners LP (NYSE:NRP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $100.19 and traded as high as $103.80. Natural Resource Partners shares last traded at $103.28, with a volume of 7,043 shares traded.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Natural Resource Partners from a "hold" rating to a "buy" rating in a report on Saturday, August 9th.
Read Our Latest Analysis on NRP
Natural Resource Partners Stock Performance
The business's fifty day moving average price is $102.70 and its two-hundred day moving average price is $100.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market capitalization of $1.34 billion, a P/E ratio of 9.71 and a beta of 0.29.
Natural Resource Partners (NYSE:NRP - Get Free Report) last announced its earnings results on Wednesday, August 6th. The energy company reported $2.52 EPS for the quarter. Natural Resource Partners had a return on equity of 27.76% and a net margin of 65.19%.The firm had revenue of $50.10 million during the quarter.
Natural Resource Partners Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 19th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, August 19th. Natural Resource Partners's dividend payout ratio is 28.20%.
Insiders Place Their Bets
In other news, VP Gregory F. Wooten sold 8,607 shares of Natural Resource Partners stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $100.24, for a total transaction of $862,765.68. Following the completion of the sale, the vice president owned 28,656 shares of the company's stock, valued at approximately $2,872,477.44. The trade was a 23.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 35.30% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Natural Resource Partners
Hedge funds have recently made changes to their positions in the company. Corient Private Wealth LLC increased its stake in shares of Natural Resource Partners by 12,329.6% during the second quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company's stock valued at $59,357,000 after buying an additional 616,478 shares during the period. Solidarity Wealth LLC grew its holdings in Natural Resource Partners by 79.0% during the 1st quarter. Solidarity Wealth LLC now owns 165,017 shares of the energy company's stock worth $17,145,000 after acquiring an additional 72,831 shares in the last quarter. Meixler Investment Management Ltd. increased its position in Natural Resource Partners by 36.6% during the 2nd quarter. Meixler Investment Management Ltd. now owns 67,502 shares of the energy company's stock valued at $6,447,000 after purchasing an additional 18,102 shares during the period. ING Groep NV increased its position in Natural Resource Partners by 16.0% during the 1st quarter. ING Groep NV now owns 108,910 shares of the energy company's stock valued at $11,316,000 after purchasing an additional 15,000 shares during the period. Finally, Progeny 3 Inc. raised its holdings in shares of Natural Resource Partners by 4.3% in the 2nd quarter. Progeny 3 Inc. now owns 302,550 shares of the energy company's stock valued at $28,897,000 after purchasing an additional 12,370 shares in the last quarter. 31.77% of the stock is currently 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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