ING Groep NV Buys 13,000 Shares of Natural Resource Partners LP $NRP

ING Groep NV boosted its stake in Natural Resource Partners LP (NYSE:NRP) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 175,400 shares of the energy company’s stock after acquiring an additional 13,000 shares during the period. ING Groep NV’s holdings in Natural Resource Partners were worth $18,312,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in NRP. Corient Private Wealth LLC raised its position in Natural Resource Partners by 12,329.6% in the second quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company’s stock worth $59,357,000 after acquiring an additional 616,478 shares during the period. Goldman Sachs Group Inc. raised its position in Natural Resource Partners by 9.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 748,185 shares of the energy company’s stock worth $78,111,000 after acquiring an additional 63,350 shares during the period. Annandale Capital LLC bought a new stake in Natural Resource Partners in the third quarter worth about $2,740,000. Solidarity Wealth LLC raised its position in Natural Resource Partners by 9.0% in the fourth quarter. Solidarity Wealth LLC now owns 214,776 shares of the energy company’s stock worth $22,423,000 after acquiring an additional 17,731 shares during the period. Finally, Progeny 3 Inc. raised its position in Natural Resource Partners by 4.3% in the second quarter. Progeny 3 Inc. now owns 302,550 shares of the energy company’s stock worth $28,897,000 after acquiring an additional 12,370 shares during the period. Institutional investors own 31.77% of the company’s stock.

Insider Activity

In other Natural Resource Partners news, EVP Kevin J. Craig purchased 336 shares of the stock in a transaction dated Tuesday, May 26th. The shares were bought at an average price of $102.18 per share, with a total value of $34,332.48. Following the completion of the transaction, the executive vice president directly owned 47,019 shares in the company, valued at approximately $4,804,401.42. This trade represents a 0.72% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 35.30% of the stock is currently owned by company insiders.

Natural Resource Partners Stock Performance

NYSE NRP opened at $105.51 on Monday. The company’s 50 day moving average is $113.24 and its 200-day moving average is $113.31. Natural Resource Partners LP has a 12-month low of $92.10 and a 12-month high of $128.60. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.40 billion, a P/E ratio of 12.40 and a beta of 0.14.

Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $1.19. Natural Resource Partners had a net margin of 61.28% and a return on equity of 18.49%. The company had revenue of $47.18 million for the quarter, compared to analyst estimates of $37.80 million.

Natural Resource Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 19th were given a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.00 annualized dividend and a dividend yield of 2.8%. Natural Resource Partners’s payout ratio is 35.25%.

Analyst Upgrades and Downgrades

NRP has been the topic of several research reports. Wall Street Zen lowered shares of Natural Resource Partners from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings lowered shares of Natural Resource Partners from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Natural Resource Partners Profile

Natural Resource Partners LP (NYSE: NRP) is a master limited partnership that acquires and manages royalty and other mineral interests in coal and other natural resources across North America and Australia. The partnership was formed in 2010 as a spin-out from a major U.S. coal producer and is headquartered in Fairmont, West Virginia. Its core business model centers on owning gross proceeds interests, gross royalty proceeds interests and fee minerals, which provide the right to receive a portion of revenues from mining and mineral production without operating the mines directly.

NRP’s U.S.