ING Groep NV Has $17.05 Million Stock Holdings in Natural Resource Partners LP $NRP

ING Groep NV raised its stake in shares of Natural Resource Partners LP (NYSE:NRP) by 33.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 162,400 shares of the energy company’s stock after purchasing an additional 40,700 shares during the quarter. ING Groep NV’s holdings in Natural Resource Partners were worth $17,052,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. NewEdge Advisors LLC lifted its position in shares of Natural Resource Partners by 144.0% during the 2nd quarter. NewEdge Advisors LLC now owns 266 shares of the energy company’s stock worth $25,000 after buying an additional 157 shares during the period. Raymond James Financial Inc. bought a new stake in Natural Resource Partners in the second quarter valued at $137,000. State of Wyoming raised its stake in Natural Resource Partners by 65.4% during the third quarter. State of Wyoming now owns 1,871 shares of the energy company’s stock worth $196,000 after acquiring an additional 740 shares in the last quarter. Avalon Capital Management bought a new position in shares of Natural Resource Partners during the third quarter valued at $210,000. Finally, Jump Financial LLC boosted its stake in shares of Natural Resource Partners by 8.1% in the 2nd quarter. Jump Financial LLC now owns 2,444 shares of the energy company’s stock valued at $233,000 after purchasing an additional 184 shares in the last quarter. 31.77% of the stock is owned by institutional investors and hedge funds.

Natural Resource Partners Stock Performance

Shares of NYSE:NRP opened at $124.81 on Thursday. The business has a 50-day moving average price of $110.38 and a two-hundred day moving average price of $106.19. Natural Resource Partners LP has a 1-year low of $86.83 and a 1-year high of $127.61. The stock has a market capitalization of $1.60 billion, a P/E ratio of 11.43 and a beta of 0.22. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.09.

Natural Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, February 17th. Natural Resource Partners’s payout ratio is 27.47%.

Wall Street Analysts Forecast Growth

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

Natural Resource Partners 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.