Natural Resource Partners (NYSE:NRP) EVP Gregory Wooten Sells 2,200 Shares

Natural Resource Partners LP (NYSE:NRPGet Free Report) EVP Gregory Wooten sold 2,200 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 32,634 shares in the company, valued at $3,618,784.26. This represents a 6.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Natural Resource Partners Stock Performance

NRP stock opened at $112.46 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.12 and a current ratio of 2.12. The stock has a market cap of $1.49 billion, a P/E ratio of 14.34 and a beta of 0.15. The firm has a 50 day simple moving average of $101.26 and a 200 day simple moving average of $110.38. Natural Resource Partners LP has a 52 week low of $95.51 and a 52 week high of $128.60.

Natural Resource Partners (NYSE:NRPGet Free Report) last announced its quarterly earnings data 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 net margin of 57.13% and a return on equity of 16.65%. The firm had revenue of $52.97 million for the quarter, compared to the consensus estimate of $37.70 million.

Natural Resource Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, August 18th. Natural Resource Partners’s payout ratio is currently 38.27%.

Hedge Funds Weigh In On Natural Resource Partners

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC grew its position in Natural Resource Partners by 12,329.6% in the second quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company’s stock worth $59,357,000 after acquiring an additional 616,478 shares in the last quarter. Saber Capital Managment LLC acquired a new position in shares of Natural Resource Partners during the 4th quarter worth $21,766,000. Morgan Stanley raised its holdings in shares of Natural Resource Partners by 14.3% during the 4th quarter. Morgan Stanley now owns 1,006,232 shares of the energy company’s stock valued at $105,051,000 after purchasing an additional 125,530 shares in the last quarter. Nitor Capital Management LLC bought a new position in shares of Natural Resource Partners during the 4th quarter valued at $6,703,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Natural Resource Partners by 9.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 748,185 shares of the energy company’s stock valued at $78,111,000 after purchasing an additional 63,350 shares during the last quarter. Institutional investors own 31.77% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Natural Resource Partners from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Check Out Our Latest Research Report on Natural Resource Partners

Natural Resource Partners Company Profile

(Get Free Report)

Natural Resource Partners LP (NYSE: NRP) is a master limited partnership that acquires and manages royalty and other mineral interests in coal and other natural resources across North America and Australia. The partnership was formed in 2010 as a spin-out from a major U.S. coal producer and is headquartered in Fairmont, West Virginia. Its core business model centers on owning gross proceeds interests, gross royalty proceeds interests and fee minerals, which provide the right to receive a portion of revenues from mining and mineral production without operating the mines directly.

NRP’s U.S.

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