LPL Financial LLC Sells 3,499 Shares of Natural Resource Partners LP $NRP

LPL Financial LLC reduced its position in shares of Natural Resource Partners LP (NYSE:NRP) by 14.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,307 shares of the energy company’s stock after selling 3,499 shares during the period. LPL Financial LLC owned 0.16% of Natural Resource Partners worth $2,214,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Pekin Hardy Strauss Inc. boosted its holdings in shares of Natural Resource Partners by 1.0% during the first quarter. Pekin Hardy Strauss Inc. now owns 19,975 shares of the energy company’s stock worth $2,075,000 after purchasing an additional 200 shares during the period. DHK Financial Advisors Inc. boosted its position in Natural Resource Partners by 11.7% during the 1st quarter. DHK Financial Advisors Inc. now owns 4,404 shares of the energy company’s stock valued at $458,000 after acquiring an additional 462 shares in the last quarter. Pecaut & CO. boosted its position in Natural Resource Partners by 7.4% during the 1st quarter. Pecaut & CO. now owns 7,300 shares of the energy company’s stock valued at $758,000 after acquiring an additional 500 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Natural Resource Partners by 15.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 7,875 shares of the energy company’s stock valued at $818,000 after acquiring an additional 1,082 shares in the last quarter. Finally, Formidable Asset Management LLC bought a new stake in Natural Resource Partners during the 4th quarter valued at approximately $222,000. 31.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised Natural Resource Partners from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th.

Natural Resource Partners Price Performance

Shares of NRP opened at $102.8750 on Wednesday. The company has a market capitalization of $1.33 billion, a P/E ratio of 9.67 and a beta of 0.35. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $99.46 and a 200 day moving average of $99.98. Natural Resource Partners LP has a twelve month low of $81.74 and a twelve month high of $113.04.

Natural Resource Partners (NYSE:NRP) last announced its quarterly earnings results on Wednesday, August 6th. The energy company reported $2.52 earnings per share for the quarter. The company had revenue of $50.10 million during the quarter. Natural Resource Partners had a net margin of 65.19% and a return on equity of 27.76%.

Natural Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Tuesday, August 19th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $3.00 annualized dividend and a dividend yield of 2.9%. Natural Resource Partners’s dividend payout ratio (DPR) is 28.20%.

Natural Resource Partners Profile

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.