Natural Resource Partners (NYSE:NRP) Announces Quarterly Earnings Results

Natural Resource Partners (NYSE:NRP) released its quarterly earnings results on Tuesday. The energy company reported $2.28 earnings per share for the quarter, Zacks reports. Natural Resource Partners had a net margin of 65.19% and a return on equity of 27.76%. The business had revenue of $49.93 million during the quarter.

Natural Resource Partners Trading Down 0.5%

NYSE NRP traded down $0.50 on Wednesday, hitting $104.37. 1,389 shares of the company were exchanged, compared to its average volume of 23,298. The firm has a market capitalization of $1.35 billion, a P/E ratio of 9.82 and a beta of 0.29. Natural Resource Partners has a twelve month low of $86.83 and a twelve month high of $113.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.20 and a quick ratio of 2.20. The company’s 50 day moving average price is $104.03 and its 200-day moving average price is $100.84.

Natural Resource Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 18th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, November 18th. Natural Resource Partners’s payout ratio is presently 28.20%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Natural Resource Partners in a report on Wednesday, October 8th. Wall Street Zen raised shares of Natural Resource Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Natural Resource Partners presently has an average rating of “Buy”.

Insider Buying and Selling at Natural Resource Partners

In related news, VP Gregory F. Wooten sold 8,607 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was 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 in the company, valued at approximately $2,872,477.44. This represents a 23.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 35.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NRP. Corient Private Wealth LLC boosted its stake in shares of 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. Rangeley Capital LLC bought a new position in shares of Natural Resource Partners in the 2nd quarter valued at about $1,156,000. HRT Financial LP boosted its stake in shares of Natural Resource Partners by 45.2% in the 2nd quarter. HRT Financial LP now owns 17,594 shares of the energy company’s stock valued at $1,680,000 after purchasing an additional 5,476 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Natural Resource Partners by 128.0% during the second quarter. BNP Paribas Financial Markets now owns 2,850 shares of the energy company’s stock worth $272,000 after buying an additional 1,600 shares during the last quarter. Finally, Progeny 3 Inc. grew its position in shares of Natural Resource Partners by 4.3% during the 2nd quarter. Progeny 3 Inc. now owns 302,550 shares of the energy company’s stock worth $28,897,000 after buying an additional 12,370 shares during the period. 31.77% of the stock is currently owned by institutional investors and hedge funds.

About Natural Resource Partners

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.