Natural Resource Partners (NYSE:NRP) Hits New 12-Month High – What’s Next?

Natural Resource Partners LP (NYSE:NRP)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $111.15 and last traded at $110.59, with a volume of 8752 shares changing hands. The stock had previously closed at $109.37.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Natural Resource Partners in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Natural Resource Partners Stock Performance

The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 10.19 and a beta of 0.20. The stock’s 50-day simple moving average is $104.22 and its two-hundred day simple moving average is $103.09. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.14 and a current ratio of 2.14.

Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings data on Tuesday, November 4th. The energy company reported $2.28 EPS for the quarter. Natural Resource Partners had a return on equity of 25.31% and a net margin of 64.78%.The business had revenue of $49.93 million for the quarter.

Natural Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Tuesday, November 18th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, November 18th. Natural Resource Partners’s dividend payout ratio is presently 27.47%.

Institutional Investors Weigh In On Natural Resource Partners

A number of institutional investors have recently added to or reduced their stakes in NRP. Corient Private Wealth LLC increased its stake in Natural Resource Partners by 12,329.6% during the second quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company’s stock valued at $59,357,000 after acquiring an additional 616,478 shares during the period. Progeny 3 Inc. grew its holdings in shares of Natural Resource Partners by 3.3% during the 3rd quarter. Progeny 3 Inc. now owns 312,523 shares of the energy company’s stock worth $32,815,000 after purchasing an additional 9,973 shares in the last quarter. UBS Group AG increased its position in shares of Natural Resource Partners by 5.9% during the third quarter. UBS Group AG now owns 214,771 shares of the energy company’s stock valued at $22,551,000 after purchasing an additional 12,055 shares during the period. Solidarity Wealth LLC raised its stake in shares of Natural Resource Partners by 5.7% in the 3rd quarter. Solidarity Wealth LLC now owns 197,045 shares of the energy company’s stock valued at $20,690,000 after buying an additional 10,652 shares in the last quarter. Finally, ING Groep NV boosted its position in shares of Natural Resource Partners by 33.4% during the 3rd quarter. ING Groep NV now owns 162,400 shares of the energy company’s stock valued at $17,052,000 after acquiring an additional 40,700 shares in the last quarter. 31.77% of the stock is owned by institutional investors and hedge funds.

About Natural Resource Partners

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.