Citigroup Inc. Has $10.22 Million Position in Natural Resource Partners LP $NRP

Citigroup Inc. lessened its stake in Natural Resource Partners LP (NYSE:NRP) by 32.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,375 shares of the energy company’s stock after selling 47,393 shares during the period. Citigroup Inc. owned 0.75% of Natural Resource Partners worth $10,224,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pekin Hardy Strauss Inc. raised its position in shares of Natural Resource Partners by 1.3% during the third quarter. Pekin Hardy Strauss Inc. now owns 20,225 shares of the energy company’s stock worth $2,124,000 after acquiring an additional 250 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Natural Resource Partners in the third quarter worth about $320,000. ING Groep NV raised its holdings in Natural Resource Partners by 33.4% during the 3rd quarter. ING Groep NV now owns 162,400 shares of the energy company’s stock worth $17,052,000 after purchasing an additional 40,700 shares during the last quarter. Meixler Investment Management Ltd. lifted its position in Natural Resource Partners by 15.5% during the 3rd quarter. Meixler Investment Management Ltd. now owns 77,967 shares of the energy company’s stock valued at $8,187,000 after purchasing an additional 10,465 shares during the period. Finally, State of Wyoming boosted its stake in shares of Natural Resource Partners by 65.4% in the 3rd quarter. State of Wyoming now owns 1,871 shares of the energy company’s stock valued at $196,000 after purchasing an additional 740 shares during the last quarter. 31.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Natural Resource Partners in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Natural Resource Partners Stock Performance

Shares of NRP stock opened at $120.95 on Friday. The stock has a market cap of $1.57 billion, a PE ratio of 12.05 and a beta of 0.22. The stock has a 50-day moving average of $115.32 and a 200-day moving average of $107.93. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.14 and a quick ratio of 2.14. Natural Resource Partners LP has a one year low of $86.83 and a one year high of $128.60.

Natural Resource Partners (NYSE:NRP) last released its quarterly earnings data on Friday, February 27th. The energy company reported $2.27 earnings per share for the quarter. Natural Resource Partners had a net margin of 64.78% and a return on equity of 25.31%. The business had revenue of $46.71 million for the quarter.

Natural Resource Partners Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 10th will be given a $0.12 dividend. The ex-dividend date is Tuesday, March 10th. Natural Resource Partners’s dividend payout ratio is currently 27.47%.

About Natural Resource Partners

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.