Key Points
- EVP Kevin Craig bought 336 shares of Natural Resource Partners on May 26 at an average price of $102.18, increasing his stake by 0.72% to 47,019 shares.
- Natural Resource Partners reported strong first-quarter results, posting EPS of $1.44 versus the $0.25 consensus estimate and revenue of $47.18 million, above expectations.
- The company recently paid a quarterly dividend of $0.75 per share, equal to a 2.8% annualized yield, while analysts currently rate the stock as Hold.
Natural Resource Partners LP (NYSE:NRP - Get Free Report) EVP Kevin Craig purchased 336 shares of the stock in a transaction on Tuesday, May 26th. The shares were purchased at an average price of $102.18 per share, with a total value of $34,332.48. Following the acquisition, the executive vice president owned 47,019 shares in the company, valued at approximately $4,804,401.42. The trade was a 0.72% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Natural Resource Partners Stock Performance
Shares of NRP stock opened at $105.32 on Friday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 12.38 and a beta of 0.19. Natural Resource Partners LP has a 52 week low of $92.10 and a 52 week high of $128.60. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average of $115.19 and a 200-day moving average of $113.24.
Natural Resource Partners (NYSE:NRP - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.44 EPS for the quarter, topping the consensus estimate of $0.25 by $1.19. The company had revenue of $47.18 million during the quarter, compared to the consensus estimate of $37.80 million. Natural Resource Partners had a net margin of 61.28% and a return on equity of 18.49%.
Natural Resource Partners Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 19th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.00 annualized dividend and a dividend yield of 2.8%. Natural Resource Partners's dividend payout ratio (DPR) is 35.25%.
Institutional Trading of Natural Resource Partners
Several hedge funds have recently bought and sold shares of NRP. Corient Private Wealth LLC grew its position in Natural Resource Partners by 12,329.6% in the 2nd quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company's stock valued at $59,357,000 after purchasing an additional 616,478 shares during the period. Saber Capital Managment LLC acquired a new stake in Natural Resource Partners in the 4th quarter valued at $21,766,000. Morgan Stanley grew its position in Natural Resource Partners by 14.3% in 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 during the period. Nitor Capital Management LLC acquired a new stake in Natural Resource Partners in the 4th quarter valued at $6,703,000. Finally, Goldman Sachs Group Inc. lifted its stake in Natural Resource Partners by 9.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 748,185 shares of the energy company's stock valued at $78,111,000 after acquiring an additional 63,350 shares in the last quarter. Institutional investors and hedge funds own 31.77% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently commented on NRP shares. Weiss Ratings downgraded shares of Natural Resource Partners from a "buy (b)" rating to a "hold (c+)" rating in a research report on Monday, May 18th. Wall Street Zen downgraded shares of Natural Resource Partners from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Natural Resource Partners has an average rating of "Hold".
Read Our Latest Stock Analysis 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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