Natural Resource Partners (NYSE:NRP) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Natural Resource Partners LP (NYSE:NRPGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $109.98 and traded as high as $113.85. Natural Resource Partners shares last traded at $113.4450, with a volume of 12,062 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Natural Resource Partners from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Natural Resource Partners currently has a consensus rating of “Hold”.

Read Our Latest Stock Report on NRP

Natural Resource Partners Stock Performance

The firm’s fifty day moving average is $102.49 and its 200 day moving average is $109.98. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 14.47 and a beta of 0.18. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.12 and a quick ratio of 2.12.

Natural Resource Partners (NYSE:NRPGet Free Report) last released its quarterly earnings data on Wednesday, August 5th. The energy company reported $1.85 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $37.70 million.

Natural Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.6%. Natural Resource Partners’s dividend payout ratio (DPR) is 38.27%.

Insider Activity

In related news, EVP Gregory Wooten sold 2,200 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was 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 owned 32,634 shares of the company’s stock, valued at approximately $3,618,784.26. The trade was a 6.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 35.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Natural Resource Partners

A number of institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley increased its stake 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 worth $105,051,000 after purchasing an additional 125,530 shares during the last quarter. 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. Corient Private Wealth LLC boosted its holdings 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 purchasing an additional 616,478 shares in the last quarter. Progeny 3 Inc. boosted its holdings in Natural Resource Partners by 3.3% in the third quarter. Progeny 3 Inc. now owns 312,523 shares of the energy company’s stock worth $32,815,000 after purchasing an additional 9,973 shares in the last quarter. Finally, UBS Group AG increased its position in Natural Resource Partners by 5.9% during the third quarter. UBS Group AG now owns 214,771 shares of the energy company’s stock worth $22,551,000 after buying an additional 12,055 shares during the last quarter. 31.77% of the stock is currently owned by institutional investors and hedge funds.

About Natural Resource Partners

(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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