Natural Resource Partners (NYSE:NRP) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Natural Resource Partners LP (NYSE:NRP) shares passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $108.38 and traded as high as $112.00. Natural Resource Partners shares last traded at $110.2450, with a volume of 9,916 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Natural Resource Partners from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Natural Resource Partners Price Performance

The company has a fifty day moving average of $106.62 and a 200-day moving average of $108.31. The firm has a market cap of $1.41 billion, a P/E ratio of 13.62 and a beta of 0.18. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.12 and a quick ratio of 2.12.

Natural Resource Partners (NYSE:NRP) last released its quarterly earnings results on Wednesday, August 5th. The energy company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $1.55. The business had revenue of $52.97 million during the quarter, compared to analyst estimates of $37.70 million. Natural Resource Partners had a return on equity of 16.65% and a net margin of 57.13%.

Natural Resource Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, August 18th were issued a $0.75 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $3.00 annualized dividend and a dividend yield of 2.8%. Natural Resource Partners’s dividend payout ratio is currently 38.27%.

Insider Buying and Selling at Natural Resource Partners

In related news, EVP Gregory Wooten sold 2,200 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $110.89, for a total transaction of $243,958.00. Following the transaction, the executive vice president directly owned 32,634 shares of the company’s stock, valued at $3,618,784.26. This trade represents a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 35.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Natural Resource Partners

Institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased its stake in Natural Resource Partners by 15.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 5,839 shares of the energy company’s stock valued at $566,000 after buying an additional 795 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Natural Resource Partners by 48.2% in the 1st quarter. Bank of America Corp DE now owns 183,026 shares of the energy company’s stock worth $22,146,000 after buying an additional 59,523 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Natural Resource Partners by 18.2% in the 1st quarter. Royal Bank of Canada now owns 18,335 shares of the energy company’s stock worth $2,219,000 after buying an additional 2,828 shares during the last quarter. Waverly Advisors LLC bought a new position in shares of Natural Resource Partners in the first quarter valued at approximately $3,146,000. Finally, Morningstar Investment Management LLC bought a new position in shares of Natural Resource Partners in the first quarter valued at approximately $391,000. 31.77% of the stock is owned by institutional investors.

About Natural Resource Partners

Natural Resource Partners L.P. (NYSE:NRP) is a diversified natural resource company that owns, manages and leases mineral interests in the United States. Its portfolio includes rights related to coal, oil and natural gas, aggregates and other industrial minerals. Rather than generally operating mines or wells itself, the company leases its properties to third-party operators and receives royalty and other payments based on their production and use of the resources.

NRP’s mineral interests are located across several major U.S.