Natural Resource Partners (NYSE:NRP) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• The stock price of Natural Resource Partners (NYSE:NRP) recently crossed above its 200-day moving average, indicating a positive trend with shares trading at approximately $100.26.
• For the latest quarter, Natural Resource Partners reported $2.97 earnings per share and a revenue of $60.54 million, showcasing a net margin of 66.17%.
• The company declared a quarterly dividend of $0.75, which represents an annualized dividend of $3.00 and a yield of 2.99%.

Natural Resource Partners LP (NYSE:NRP - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $100.51 and traded as high as $101.62. Natural Resource Partners shares last traded at $100.26, with a volume of 11,443 shares traded.

Natural Resource Partners Stock Performance

The firm has a market cap of $1.37 billion, a P/E ratio of 10.14 and a beta of 0.27. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.22. The business's fifty day simple moving average is $97.16 and its 200-day simple moving average is $100.37.

Natural Resource Partners (NYSE:NRP - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The energy company reported $2.97 earnings per share (EPS) for the quarter. The business had revenue of $60.54 million for the quarter. Natural Resource Partners had a net margin of 66.17% and a return on equity of 31.31%.

Natural Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 20th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Tuesday, May 20th. Natural Resource Partners's dividend payout ratio (DPR) is presently 28.82%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. MAS Advisors LLC raised its holdings in 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 purchasing an additional 140 shares in the last quarter. Covestor Ltd raised its holdings in Natural Resource Partners by 26.1% in the 4th quarter. Covestor Ltd now owns 773 shares of the energy company's stock worth $86,000 after purchasing an additional 160 shares in the last quarter. Pekin Hardy Strauss Inc. raised its holdings in Natural Resource Partners by 1.0% in 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 in the last quarter. DHK Financial Advisors Inc. raised its holdings in Natural Resource Partners by 11.7% in the 1st quarter. DHK Financial Advisors Inc. now owns 4,404 shares of the energy company's stock worth $458,000 after purchasing an additional 462 shares in the last quarter. Finally, Pecaut & CO. raised its holdings in Natural Resource Partners by 7.4% in the 1st quarter. Pecaut & CO. now owns 7,300 shares of the energy company's stock worth $758,000 after purchasing an additional 500 shares in the last quarter. 31.77% of the stock is currently owned by institutional investors.

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.