Natural Resource Partners LP (NYSE:NRP) Announces $0.75 Quarterly Dividend

Natural Resource Partners LP (NYSE:NRP) announced a quarterly dividend on Tuesday, November 4th. Shareholders of record on Tuesday, November 18th will be given a dividend of 0.75 per share by the energy company on Tuesday, November 25th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, November 18th.

Natural Resource Partners has raised its dividend payment by an average of 0.2%per year over the last three years.

Natural Resource Partners Price Performance

Shares of NRP stock traded down $0.37 during midday trading on Wednesday, reaching $104.50. 940 shares of the company were exchanged, compared to its average volume of 23,298. Natural Resource Partners has a 12 month low of $86.83 and a 12 month high of $113.04. The company has a market cap of $1.35 billion, a P/E ratio of 9.82 and a beta of 0.29. The company’s 50 day moving average price is $104.03 and its two-hundred day moving average price is $100.84. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.20 and a current ratio of 2.20.

Natural Resource Partners (NYSE:NRP) last released its quarterly earnings results on Tuesday, November 4th. The energy company reported $2.28 EPS for the quarter. Natural Resource Partners had a net margin of 65.19% and a return on equity of 27.76%. The company had revenue of $49.93 million for the quarter.

Insider Transactions at Natural Resource Partners

In other news, VP Gregory F. Wooten sold 8,607 shares of Natural Resource Partners stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $100.24, for a total value of $862,765.68. Following the transaction, the vice president owned 28,656 shares of the company’s stock, valued at $2,872,477.44. This trade represents a 23.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 35.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Natural Resource Partners

Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its stake in shares of Natural Resource Partners by 144.0% in the 2nd quarter. NewEdge Advisors LLC now owns 266 shares of the energy company’s stock valued at $25,000 after purchasing an additional 157 shares in the last quarter. Covestor Ltd lifted its position in Natural Resource Partners by 21.6% during the 1st quarter. Covestor Ltd now owns 940 shares of the energy company’s stock worth $98,000 after buying an additional 167 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Natural Resource Partners during the 2nd quarter worth about $137,000. State of Wyoming lifted its position in Natural Resource Partners by 65.4% during the 3rd quarter. State of Wyoming now owns 1,871 shares of the energy company’s stock worth $196,000 after buying an additional 740 shares in the last quarter. Finally, Avalon Capital Management acquired a new position in Natural Resource Partners during the 3rd quarter worth about $210,000. Institutional investors own 31.77% of the company’s stock.

Natural Resource Partners Company 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.