Natural Resource Partners (NYSE:NRP) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• Natural Resource Partners (NRP) stock has crossed above its 200-day moving average, trading recently at $102.30, which indicates positive momentum.
• The company reported $2.52 EPS for the last quarter, showcasing strong profitability with a net margin of 65.19%.
• Natural Resource Partners announced a quarterly dividend of $0.75, reflecting a 2.9% yield, with a payout ratio of 28.20%.

Natural Resource Partners LP (NYSE:NRP - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $100.09 and traded as high as $104.75. Natural Resource Partners shares last traded at $102.30, with a volume of 38,817 shares trading hands.

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 research report on Saturday, August 9th.

Natural Resource Partners Trading Up 0.3%

The firm has a market cap of $1.32 billion, a PE ratio of 9.60 and a beta of 0.29. 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 stock's fifty day simple moving average is $102.40 and its two-hundred day simple moving average is $100.20.

Natural Resource Partners (NYSE:NRP - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The energy company reported $2.52 earnings per share for the quarter. The business 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 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 issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, August 19th. Natural Resource Partners's dividend payout ratio is 28.20%.

Insider Activity at Natural Resource Partners

In other news, VP Gregory F. Wooten sold 8,607 shares of the 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 sale, the vice president owned 28,656 shares in the company, valued at $2,872,477.44. This represents a 23.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 35.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Natural Resource Partners

A number of institutional investors have recently made changes to their positions in the company. MAS Advisors LLC grew its stake in shares of Natural Resource Partners by 4.3% in the 2nd quarter. MAS Advisors LLC now owns 3,375 shares of the energy company's stock worth $322,000 after buying an additional 140 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Natural Resource Partners by 144.0% during the 2nd quarter. NewEdge Advisors LLC now owns 266 shares of the energy company's stock worth $25,000 after acquiring an additional 157 shares in the last quarter. Covestor Ltd grew its position in Natural Resource Partners by 21.6% during the 1st quarter. Covestor Ltd now owns 940 shares of the energy company's stock worth $98,000 after purchasing an additional 167 shares during the last quarter. Jump Financial LLC grew its position in Natural Resource Partners by 8.1% during the 2nd quarter. Jump Financial LLC now owns 2,444 shares of the energy company's stock worth $233,000 after purchasing an additional 184 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. grew its position in Natural Resource Partners by 1.0% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 19,975 shares of the energy company's stock worth $2,075,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 31.77% of the company's stock.

Natural Resource Partners Company Profile

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.