Natural Resource Partners (NYSE:NRP) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Natural Resource Partners L.P. (NYSE:NRP)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $102.86 and traded as high as $106.50. Natural Resource Partners shares last traded at $105.38, with a volume of 13,128 shares trading hands.

Natural Resource Partners Stock Down 0.6 %

The company has a market cap of $1.37 billion, a price-to-earnings ratio of 8.48 and a beta of 0.39. The stock’s 50-day moving average is $104.13 and its 200-day moving average is $102.99. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.35.

Natural Resource Partners (NYSE:NRP) last announced its quarterly earnings data on Friday, February 28th. The energy company reported $3.15 earnings per share for the quarter. The firm had revenue of $65.73 million for the quarter. Natural Resource Partners had a net margin of 68.22% and a return on equity of 39.69%.

Natural Resource Partners Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th were issued a dividend of $1.21 per share. This is an increase from Natural Resource Partners’s previous dividend of $0.35. The ex-dividend date was Tuesday, March 11th. Natural Resource Partners’s payout ratio is currently 26.62%.

Hedge Funds Weigh In On Natural Resource Partners

A number of large investors have recently modified their holdings of NRP. Covestor Ltd raised its holdings in Natural Resource Partners by 26.1% during the fourth quarter. Covestor Ltd now owns 773 shares of the energy company’s stock worth $86,000 after buying an additional 160 shares during the last quarter. US Bancorp DE bought a new stake in shares of Natural Resource Partners during the fourth quarter worth about $33,000. Larson Financial Group LLC acquired a new stake in shares of Natural Resource Partners in the 4th quarter worth about $89,000. Avalon Capital Management bought a new position in Natural Resource Partners in the 4th quarter valued at about $222,000. Finally, Formidable Asset Management LLC acquired a new position in Natural Resource Partners during the 4th quarter valued at about $222,000. 31.77% of the stock is currently owned by institutional investors.

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.