Natural Resource Partners (NYSE:NRP) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Natural Resource Partners L.P. (NYSE:NRP) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $98.81 and traded as high as $108.00. Natural Resource Partners shares last traded at $106.88, with a volume of 15,463 shares traded.

Natural Resource Partners Price Performance

The company’s 50 day moving average price is $107.28 and its 200-day moving average price is $98.81. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 8.60 and a beta of 0.57. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.33 and a current ratio of 2.33.

Natural Resource Partners (NYSE:NRP) last announced its earnings results on Tuesday, November 5th. The energy company reported $2.00 EPS for the quarter. Natural Resource Partners had a net margin of 68.22% and a return on equity of 39.69%. The company had revenue of $60.33 million during the quarter.

Natural Resource Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 19th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend was Tuesday, November 19th. Natural Resource Partners’s dividend payout ratio is currently 24.14%.

Institutional Trading of Natural Resource Partners

A number of institutional investors have recently added to or reduced their stakes in NRP. Northwestern Mutual Wealth Management Co. bought a new position in shares of Natural Resource Partners in the second quarter valued at approximately $34,000. Covestor Ltd bought a new position in shares of Natural Resource Partners in the third quarter valued at approximately $60,000. Exchange Traded Concepts LLC raised its position in shares of Natural Resource Partners by 14.0% in the third quarter. Exchange Traded Concepts LLC now owns 7,322 shares of the energy company’s stock valued at $716,000 after purchasing an additional 898 shares during the period. Pekin Hardy Strauss Inc. raised its position in shares of Natural Resource Partners by 7.5% in the third quarter. Pekin Hardy Strauss Inc. now owns 17,950 shares of the energy company’s stock valued at $1,756,000 after purchasing an additional 1,260 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of Natural Resource Partners in the third quarter valued at approximately $294,000. 31.77% of the stock is currently owned by institutional investors and hedge funds.

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.