Natural Resource Partners (NYSE:NRP) Stock Price Passes Above 200 Day Moving Average of $83.58

Shares of Natural Resource Partners L.P. (NYSE:NRP) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $83.58 and traded as high as $92.97. Natural Resource Partners shares last traded at $91.79, with a volume of 15,615 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Natural Resource Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 8th.

Natural Resource Partners Stock Performance

The stock has a market capitalization of $1.19 billion, a PE ratio of 6.98 and a beta of 0.46. The stock has a fifty day moving average of $91.58 and a 200-day moving average of $83.58. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.23.

Natural Resource Partners (NYSE:NRP) last announced its quarterly earnings results on Thursday, March 7th. The energy company reported $4.31 earnings per share (EPS) for the quarter. The company had revenue of $93.16 million during the quarter. Natural Resource Partners had a return on equity of 44.05% and a net margin of 59.68%.

Natural Resource Partners Increases Dividend

The company also recently announced a None dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 19th were issued a $2.44 dividend. This is an increase from Natural Resource Partners’s previous None dividend of $2.43. The ex-dividend date was Monday, March 18th. Natural Resource Partners’s payout ratio is presently 22.81%.

Institutional Trading of Natural Resource Partners

Several institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. purchased a new stake in shares of Natural Resource Partners in the 4th quarter valued at about $218,000. First Trust Advisors LP increased its position in Natural Resource Partners by 14.9% in the 4th quarter. First Trust Advisors LP now owns 58,215 shares of the energy company’s stock valued at $5,388,000 after acquiring an additional 7,533 shares during the period. ING Groep NV increased its position in Natural Resource Partners by 24.5% in the 4th quarter. ING Groep NV now owns 25,400 shares of the energy company’s stock valued at $2,351,000 after acquiring an additional 5,000 shares during the period. Anthracite Investment Company Inc. acquired a new position in Natural Resource Partners in the 4th quarter valued at about $1,260,000. Finally, Guyasuta Investment Advisors Inc. acquired a new position in Natural Resource Partners in the 4th quarter valued at about $278,000. 31.77% of the stock is owned by hedge funds and other 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.