Magnolia Group LLC Acquires 5,985 Shares of Natural Resource Partners LP $NRP

Magnolia Group LLC lifted its holdings in shares of Natural Resource Partners LP (NYSE:NRP) by 15.9% during the 3rd quarter, Holdings Channel reports. The firm owned 43,735 shares of the energy company’s stock after purchasing an additional 5,985 shares during the quarter. Natural Resource Partners comprises 1.6% of Magnolia Group LLC’s holdings, making the stock its 11th largest position. Magnolia Group LLC’s holdings in Natural Resource Partners were worth $4,755,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Integrated Wealth Concepts LLC increased its holdings in Natural Resource Partners by 15.8% in the second quarter. Integrated Wealth Concepts LLC now owns 5,839 shares of the energy company’s stock worth $566,000 after purchasing an additional 795 shares in the last quarter. State of Wyoming lifted its stake in Natural Resource Partners by 141.6% in the third quarter. State of Wyoming now owns 1,430 shares of the energy company’s stock valued at $155,000 after buying an additional 838 shares during the period. Ulland Investment Advisors LLC lifted its stake in Natural Resource Partners by 27.3% in the third quarter. Ulland Investment Advisors LLC now owns 7,000 shares of the energy company’s stock valued at $761,000 after buying an additional 1,500 shares during the period. Royal Bank of Canada lifted its stake in Natural Resource Partners by 18.2% in the first quarter. Royal Bank of Canada now owns 18,335 shares of the energy company’s stock valued at $2,219,000 after buying an additional 2,828 shares during the period. Finally, Morningstar Investment Management LLC bought a new position in shares of Natural Resource Partners during the 1st quarter worth approximately $391,000. Institutional investors and hedge funds own 31.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Natural Resource Partners from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, Natural Resource Partners currently has an average rating of “Hold”.

Natural Resource Partners Trading Up 0.0%

NYSE:NRP opened at $122.70 on Thursday. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 16.34 and a beta of 0.10. The firm has a fifty day simple moving average of $112.74 and a two-hundred day simple moving average of $111.30. Natural Resource Partners LP has a 12 month low of $95.51 and a 12 month high of $128.60.

Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings results on Wednesday, November 4th. The energy company reported $1.95 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $1.97. Natural Resource Partners had a net margin of 56.03% and a return on equity of 15.52%. The firm had revenue of $48.94 million during the quarter, compared to the consensus estimate of $34.00 million.

Natural Resource Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, November 17th will be paid a $2.34 dividend. The ex-dividend date is Tuesday, November 17th. This represents a $9.36 annualized dividend and a dividend yield of 7.6%. This is a boost from Natural Resource Partners’s previous quarterly dividend of $0.75. Natural Resource Partners’s dividend payout ratio (DPR) is 39.95%.

Insider Buying and Selling

In related news, EVP Gregory Wooten sold 2,200 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $110.89, for a total value of $243,958.00. Following the completion of the sale, the executive vice president directly owned 32,634 shares of the company’s stock, valued at $3,618,784.26. The trade was a 6.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 35.30% of the stock is owned by insiders.

Natural Resource Partners Company Profile

Natural Resource Partners L.P. is a natural resources company that owns and manages mineral rights and other natural resource properties. Its holdings include coal reserves and interests in aggregates, oil and natural gas, which it generally makes available to third-party operators in exchange for royalties and other payments. The company also holds an interest in Ciner Wyoming LLC, a producer of natural soda ash from the Green River Basin in Wyoming. Soda ash is used in products and processes such as glassmaking, detergents and chemical manufacturing.