Gregory Wooten Sells 2,200 Shares of Natural Resource Partners (NYSE:NRP) Stock

Natural Resource Partners LP (NYSE:NRP) EVP Gregory Wooten sold 2,200 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $110.89, for a total value of $243,958.00. Following the sale, the executive vice president owned 32,634 shares of the company’s stock, valued at $3,618,784.26. The trade was a 6.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Natural Resource Partners Trading Up 1.9%

Shares of NRP stock opened at $112.46 on Friday. The stock’s fifty day moving average is $101.26 and its two-hundred day moving average is $110.38. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.12 and a current ratio of 2.12. The firm has a market capitalization of $1.49 billion, a P/E ratio of 14.34 and a beta of 0.15. Natural Resource Partners LP has a fifty-two week low of $95.51 and a fifty-two week high of $128.60.

Natural Resource Partners (NYSE:NRP) last issued its earnings results on Wednesday, August 5th. The energy company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $1.55. The business had revenue of $52.97 million during the quarter, compared to analysts’ expectations of $37.70 million. Natural Resource Partners had a net margin of 57.13% and a return on equity of 16.65%.

Natural Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 18th were issued a $0.75 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $3.00 dividend on an annualized basis and a yield of 2.7%. Natural Resource Partners’s dividend payout ratio is presently 38.27%.

Institutional Investors Weigh In On Natural Resource Partners

Institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC increased its holdings in Natural Resource Partners by 12,329.6% in the 2nd quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company’s stock valued at $59,357,000 after purchasing an additional 616,478 shares during the last quarter. Saber Capital Managment LLC acquired a new position in Natural Resource Partners during the fourth quarter worth $21,766,000. Morgan Stanley boosted its position in shares of Natural Resource Partners by 14.3% during the fourth quarter. Morgan Stanley now owns 1,006,232 shares of the energy company’s stock worth $105,051,000 after buying an additional 125,530 shares during the period. Nitor Capital Management LLC purchased a new position in shares of Natural Resource Partners during the fourth quarter worth $6,703,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Natural Resource Partners by 9.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 748,185 shares of the energy company’s stock worth $78,111,000 after buying an additional 63,350 shares during the period. 31.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Natural Resource Partners from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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.