Natural Resource Partners (NYSE:NRP) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Natural Resource Partners LP (NYSE:NRP)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $100.27 and traded as high as $108.00. Natural Resource Partners shares last traded at $103.67, with a volume of 25,076 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NRP. Weiss Ratings restated a “buy (b-)” rating on shares of Natural Resource Partners in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Natural Resource Partners from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Natural Resource Partners Price Performance

The business’s 50 day moving average price is $103.99 and its two-hundred day moving average price is $100.27. The stock has a market cap of $1.34 billion, a P/E ratio of 9.74 and a beta of 0.29. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.15.

Natural Resource Partners (NYSE:NRP) last announced its earnings results on Wednesday, August 6th. The energy company reported $2.52 earnings per share for the quarter. The firm had revenue of $50.10 million for the quarter. Natural Resource Partners had a net margin of 65.19% and a return on equity of 27.76%.

Natural Resource Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.9%. Natural Resource Partners’s payout ratio is presently 28.20%.

Insider Buying and Selling at Natural Resource Partners

In other news, VP Gregory F. Wooten sold 8,607 shares of Natural Resource Partners stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $100.24, for a total transaction of $862,765.68. Following the sale, the vice president owned 28,656 shares of the company’s stock, valued at approximately $2,872,477.44. The trade was a 23.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 35.30% of the company’s stock.

Institutional Investors Weigh In On Natural Resource Partners

Several hedge funds have recently bought and sold shares of the business. Pekin Hardy Strauss Inc. grew its holdings in Natural Resource Partners by 1.0% in the first quarter. Pekin Hardy Strauss Inc. now owns 19,975 shares of the energy company’s stock worth $2,075,000 after purchasing an additional 200 shares during the period. Pecaut & CO. grew its holdings in Natural Resource Partners by 7.4% in the first quarter. Pecaut & CO. now owns 7,300 shares of the energy company’s stock worth $758,000 after purchasing an additional 500 shares during the period. Solidarity Wealth LLC grew its holdings in Natural Resource Partners by 79.0% in the first quarter. Solidarity Wealth LLC now owns 165,017 shares of the energy company’s stock worth $17,145,000 after purchasing an additional 72,831 shares during the period. ING Groep NV grew its holdings in Natural Resource Partners by 16.0% in the first quarter. ING Groep NV now owns 108,910 shares of the energy company’s stock worth $11,316,000 after purchasing an additional 15,000 shares during the period. Finally, Covestor Ltd grew its holdings in Natural Resource Partners by 21.6% in the first quarter. Covestor Ltd now owns 940 shares of the energy company’s stock worth $98,000 after purchasing an additional 167 shares during the period. Institutional investors own 31.77% of the company’s stock.

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.