ValuEngine cut shares of Natural Resource Partners LP (NYSE:NRP) from a buy rating to a hold rating in a research report sent to investors on Thursday.
NRP has been the topic of several other reports. BidaskClub upgraded shares of Natural Resource Partners from a strong sell rating to a sell rating in a research report on Sunday, July 16th. Stifel Nicolaus reiterated a hold rating on shares of Natural Resource Partners in a research report on Friday, October 13th. Finally, Zacks Investment Research lowered shares of Natural Resource Partners from a hold rating to a strong sell rating in a research report on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Natural Resource Partners presently has an average rating of Hold and an average target price of $27.50.
Shares of Natural Resource Partners (NYSE:NRP) traded up $0.05 during trading on Thursday, reaching $25.95. 10,900 shares of the company’s stock were exchanged, compared to its average volume of 15,735. Natural Resource Partners has a 12 month low of $22.81 and a 12 month high of $45.60. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.46 and a current ratio of 0.89. The stock has a market capitalization of $317.42, a PE ratio of 12.85 and a beta of 0.73.
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, November 6th. This represents a $1.80 dividend on an annualized basis and a yield of 6.94%. Natural Resource Partners’s dividend payout ratio (DPR) is currently 72.00%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in Natural Resource Partners by 5.5% during the first quarter. Bank of America Corp DE now owns 15,188 shares of the energy company’s stock worth $549,000 after acquiring an additional 790 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Natural Resource Partners during the second quarter worth approximately $254,000. Marshall Wace North America L.P. purchased a new position in Natural Resource Partners during the second quarter worth approximately $308,000. JPMorgan Chase & Co. raised its stake in Natural Resource Partners by 6.3% during the third quarter. JPMorgan Chase & Co. now owns 698,438 shares of the energy company’s stock worth $17,252,000 after purchasing an additional 41,231 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Natural Resource Partners by 16.7% during the second quarter. Goldman Sachs Group Inc. now owns 518,356 shares of the energy company’s stock worth $14,281,000 after purchasing an additional 74,138 shares during the period. Hedge funds and other institutional investors own 20.31% of the company’s stock.
Natural Resource Partners Company Profile
Natural Resource Partners L.P. owns, operates, manages and leases a portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, construction aggregates and other natural resources. Coal Royalty and Other segment consists primarily of coal royalty and coal related transportation and processing assets.
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