Natural Resource Partners LP (NYSE:NRP - Get Free Report) passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $107.34 and traded as high as $115.00. Natural Resource Partners shares last traded at $113.85, with a volume of 30,365 shares.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised Natural Resource Partners from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, September 28th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Natural Resource Partners presently has a consensus rating of "Hold".
Get Our Latest Stock Analysis on Natural Resource Partners
Natural Resource Partners Stock Up 1.2%
The company has a 50-day moving average of $109.35 and a 200-day moving average of $107.34. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 14.52 and a beta of 0.24. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.02.
Natural Resource Partners (NYSE:NRP - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The energy company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $1.55. Natural Resource Partners had a return on equity of 16.65% and a net margin of 57.13%. The company had revenue of $52.97 million during the quarter, compared to analysts' expectations of $37.70 million.
Natural Resource Partners Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 18th were paid a $0.75 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $3.00 dividend on an annualized basis and a yield of 2.6%. Natural Resource Partners's dividend payout ratio (DPR) is 38.27%.
Insider Buying and Selling
In related news, EVP Gregory Wooten sold 2,200 shares of Natural Resource Partners stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $110.89, for a total value of $243,958.00. Following the completion of the sale, the executive vice president directly owned 32,634 shares in the company, valued at $3,618,784.26. This trade represents a 6.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 35.30% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings in shares of Natural Resource Partners by 48.2% during the first quarter. Bank of America Corp DE now owns 183,026 shares of the energy company's stock valued at $22,146,000 after buying an additional 59,523 shares during the last quarter. Bastion Asset Management Inc. acquired a new position in shares of Natural Resource Partners in the 1st quarter valued at $2,363,000. Mizuho Markets Americas LLC acquired a new position in shares of Natural Resource Partners in the 1st quarter valued at $3,073,000. Waverly Advisors LLC acquired a new position in shares of Natural Resource Partners in the 1st quarter valued at $3,146,000. Finally, Ulland Investment Advisors LLC increased its position in shares of Natural Resource Partners by 27.3% in the 3rd quarter. Ulland Investment Advisors LLC now owns 7,000 shares of the energy company's stock valued at $761,000 after acquiring an additional 1,500 shares during the period. 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. NYSE: NRP is a diversified natural resource company that owns, manages and leases mineral and other natural resource interests in the United States. The company generally earns royalty and other payments from the development and use of its properties rather than operating mines or wells directly.
NRP's portfolio includes coal, aggregates, oil and natural gas, soda ash, industrial minerals, and other mineral interests. The company also owns and manages water rights and related natural resource assets, providing exposure to a range of commodities and infrastructure uses across multiple U.S.
Further Reading
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