Natural Resource Partners LP (NYSE:NRP - Get Free Report) EVP Gregory Wooten sold 2,200 shares of the 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 transaction, the executive vice president directly owned 32,634 shares in the company, valued at approximately $3,618,784.26. This represents a 6.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Natural Resource Partners Stock Up 1.9%
Shares of NRP stock opened at $112.46 on Friday. The stock's 50 day simple moving average is $101.26 and its 200 day simple moving average is $110.38. Natural Resource Partners LP has a twelve month low of $95.51 and a twelve month high of $128.60. 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 company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 14.34 and a beta of 0.15.
Natural Resource Partners (NYSE:NRP - Get Free Report) last announced its earnings results on Wednesday, August 5th. The energy company reported $1.85 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $52.97 million during the quarter, compared to analysts' expectations of $37.70 million.
Natural Resource Partners Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors 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 of this dividend was Tuesday, August 18th. Natural Resource Partners's dividend payout ratio is currently 38.27%.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of Natural Resource Partners from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold".
View Our Latest Stock Analysis on NRP
Institutional Investors Weigh In On Natural Resource Partners
Hedge funds have recently modified their holdings of the business. Corient Private Wealth LLC grew its stake in shares of 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 during the last quarter. Saber Capital Managment LLC acquired a new position in Natural Resource Partners during the 4th quarter valued at $21,766,000. Morgan Stanley boosted its holdings 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 bought a new stake in Natural Resource Partners in the 4th quarter valued at $6,703,000. Finally, Goldman Sachs Group Inc. boosted its holdings in 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 period. 31.77% of the stock is owned by institutional investors.
Natural Resource Partners Company Profile
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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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