Natural Resource Partners (NYSE:NRP) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Natural Resource Partners LP (NYSE:NRP)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $102.97 and traded as high as $110.00. Natural Resource Partners shares last traded at $109.53, with a volume of 49,466 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Natural Resource Partners in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Natural Resource Partners currently has an average rating of “Buy”.

Natural Resource Partners Stock Up 4.4%

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.14 and a quick ratio of 2.14. The business’s 50 day moving average price is $104.22 and its 200 day moving average price is $103.03. The firm has a market cap of $1.42 billion, a PE ratio of 10.03 and a beta of 0.20.

Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings data on Tuesday, November 4th. The energy company reported $2.28 earnings per share (EPS) for the quarter. Natural Resource Partners had a return on equity of 25.31% and a net margin of 64.78%.The company had revenue of $49.93 million for the quarter.

Natural Resource Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 18th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, November 18th. This represents a $3.00 dividend on an annualized basis and a yield of 2.7%. Natural Resource Partners’s payout ratio is presently 27.47%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Corient Private Wealth LLC increased its position in Natural Resource Partners by 12,329.6% during the second quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company’s stock worth $59,357,000 after purchasing an additional 616,478 shares during the last quarter. ING Groep NV boosted its position in shares of Natural Resource Partners by 33.4% during the third quarter. ING Groep NV now owns 162,400 shares of the energy company’s stock worth $17,052,000 after buying an additional 40,700 shares during the period. Annandale Capital LLC acquired a new position in Natural Resource Partners in the 3rd quarter valued at about $2,740,000. Solidarity Wealth LLC grew its holdings in shares of Natural Resource Partners by 13.0% in the second quarter. Solidarity Wealth LLC now owns 186,393 shares of the energy company’s stock valued at $17,802,000 after purchasing an additional 21,376 shares in the last quarter. Finally, Meixler Investment Management Ltd. increased its position in shares of Natural Resource Partners by 36.6% during the second quarter. Meixler Investment Management Ltd. now owns 67,502 shares of the energy company’s stock worth $6,447,000 after acquiring an additional 18,102 shares during the period. Institutional investors and hedge funds own 31.77% of the company’s stock.

Natural Resource Partners Company Profile

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.