Natural Resource Partners (NYSE:NRP) Stock Price Passes Above 200 Day Moving Average of $83.58

Natural Resource Partners L.P. (NYSE:NRPGet Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $83.58 and traded as high as $92.97. Natural Resource Partners shares last traded at $91.79, with a volume of 15,615 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Natural Resource Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 8th.

Get Our Latest Report on Natural Resource Partners

Natural Resource Partners Stock Performance

The company has a market capitalization of $1.19 billion, a PE ratio of 6.98 and a beta of 0.46. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.11 and a current ratio of 1.11. The stock’s fifty day simple moving average is $91.58 and its 200-day simple moving average is $83.58.

Natural Resource Partners (NYSE:NRPGet Free Report) last posted its earnings results on Thursday, March 7th. The energy company reported $4.31 earnings per share (EPS) for the quarter. Natural Resource Partners had a net margin of 59.68% and a return on equity of 44.05%. The firm had revenue of $93.16 million during the quarter.

Natural Resource Partners Increases Dividend

The company also recently announced a None dividend, which was paid on Tuesday, March 26th. Investors of record on Tuesday, March 19th were issued a dividend of $2.44 per share. This is a positive change from Natural Resource Partners’s previous None dividend of $2.43. The ex-dividend date of this dividend was Monday, March 18th. Natural Resource Partners’s payout ratio is presently 22.81%.

Institutional Investors Weigh In On Natural Resource Partners

A number of institutional investors have recently bought and sold shares of NRP. Comerica Bank bought a new position in Natural Resource Partners in the 3rd quarter worth approximately $46,000. State of Wyoming bought a new position in Natural Resource Partners in the 2nd quarter worth approximately $31,000. Meixler Investment Management Ltd. increased its position in Natural Resource Partners by 2.3% in the 4th quarter. Meixler Investment Management Ltd. now owns 28,182 shares of the energy company’s stock worth $2,609,000 after buying an additional 630 shares during the period. GSA Capital Partners LLP increased its position in Natural Resource Partners by 8.4% in the 3rd quarter. GSA Capital Partners LLP now owns 10,366 shares of the energy company’s stock worth $818,000 after buying an additional 799 shares during the period. Finally, Bank of America Corp DE increased its position in Natural Resource Partners by 5.6% in the 1st quarter. Bank of America Corp DE now owns 19,273 shares of the energy company’s stock worth $1,006,000 after buying an additional 1,016 shares during the period. 31.77% of the stock is currently owned by institutional investors and hedge funds.

About Natural Resource Partners

(Get Free Report)

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.

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