Natural Resource Partners (NYSE:NRP) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of Natural Resource Partners LP (NYSE:NRP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $101.01 and traded as high as $103.62. Natural Resource Partners shares last traded at $102.3050, with a volume of 10,464 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently commented on NRP. Wall Street Zen raised shares of Natural Resource Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Natural Resource Partners in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Natural Resource Partners Trading Up 0.2%

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 business has a 50-day simple moving average of $104.28 and a 200-day simple moving average of $101.01. The company has a market cap of $1.32 billion, a PE ratio of 9.60 and a beta of 0.28.

Natural Resource Partners (NYSE:NRP) last posted its earnings results on Tuesday, November 4th. The energy company reported $2.28 earnings per share (EPS) for the quarter. The firm had revenue of $49.93 million for the quarter. Natural Resource Partners had a return on equity of 27.76% and a net margin of 65.19%.

Natural Resource Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 18th will be issued a dividend of $0.75 per share. The ex-dividend date is Tuesday, November 18th. This represents a $3.00 annualized dividend and a yield of 2.9%. Natural Resource Partners’s dividend payout ratio is 27.47%.

Insider Activity at Natural Resource Partners

In related news, VP Gregory F. Wooten sold 8,607 shares of the company’s 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 directly owned 28,656 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 35.30% of the company’s stock.

Institutional Trading of Natural Resource Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. ING Groep NV increased its stake in Natural Resource Partners by 16.0% in the first 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 last quarter. Eschler Asset Management LLP acquired a new position in Natural Resource Partners in the first quarter valued at $831,000. Meixler Investment Management Ltd. grew its holdings in shares of Natural Resource Partners by 36.6% during 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 during the last quarter. Mountain Lake Investment Management LLC lifted its holdings in shares of Natural Resource Partners by 100.0% in the 1st quarter. Mountain Lake Investment Management LLC now owns 22,101 shares of the energy company’s stock valued at $2,296,000 after purchasing an additional 11,051 shares during the last quarter. Finally, Solidarity Wealth LLC lifted its stake in Natural Resource Partners by 79.0% in 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. 31.77% of the stock is currently owned by institutional investors and hedge funds.

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.