Natural Resource Partners (NYSE:NRP) Reaches New 1-Year High After Dividend Announcement

Natural Resource Partners L.P. (NYSE:NRP) reached a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as $102.00 and last traded at $101.34, with a volume of 60152 shares changing hands. The stock had previously closed at $99.00.

The newly announced dividend which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $3.00 annualized dividend and a dividend yield of 2.92%. Natural Resource Partners’s payout ratio is 22.49%.

Analyst Ratings Changes

Separately, StockNews.com lowered Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 17th.

Natural Resource Partners Trading Up 3.7 %

The stock has a market cap of $1.33 billion, a PE ratio of 7.70 and a beta of 0.50. The firm has a 50-day moving average price of $94.69 and a 200-day moving average price of $92.18. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.43 and a current ratio of 2.43.

Natural Resource Partners (NYSE:NRP) last issued its earnings results on Wednesday, August 7th. The energy company reported $2.29 earnings per share (EPS) for the quarter. The business had revenue of $65.54 million during the quarter. Natural Resource Partners had a net margin of 70.55% and a return on equity of 44.97%.

Institutional Investors Weigh In On Natural Resource Partners

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new position in Natural Resource Partners in the 2nd quarter valued at approximately $34,000. Covestor Ltd bought a new position in shares of Natural Resource Partners during the third quarter valued at $60,000. PEAK6 Investments LLC purchased a new stake in shares of Natural Resource Partners during the first quarter valued at $207,000. Stokes Family Office LLC bought a new stake in Natural Resource Partners in the 1st quarter worth about $518,000. Finally, MAS Advisors LLC increased its holdings in Natural Resource Partners by 73.8% in the 1st quarter. MAS Advisors LLC now owns 5,682 shares of the energy company’s stock worth $523,000 after buying an additional 2,413 shares in the last quarter. 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.