Natural Resource Partners (NYSE:NRP) Shares Up 5.8% – Still a Buy?

Natural Resource Partners LP (NYSE:NRP) shares traded up 5.8% on Thursday . The stock traded as high as $124.72 and last traded at $124.7490. 29,776 shares were traded during trading, a decline of 37% from the average session volume of 47,402 shares. The stock had previously closed at $117.91.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NRP shares. Wall Street Zen cut shares of Natural Resource Partners from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Natural Resource Partners in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Natural Resource Partners has a consensus rating of “Buy”.

Natural Resource Partners Trading Down 0.8%

The firm has a market cap of $1.61 billion, a P/E ratio of 12.13 and a beta of 0.20. The firm’s fifty day moving average is $119.88 and its two-hundred day moving average is $109.61. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.03.

Natural Resource Partners (NYSE:NRP) last posted its earnings results on Friday, February 27th. The energy company reported $2.27 EPS for the quarter. The firm had revenue of $48.40 million during the quarter. Natural Resource Partners had a net margin of 65.16% and a return on equity of 22.52%.

Natural Resource Partners Announces Dividend

The business also recently disclosed a special dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 10th were issued a $0.12 dividend. The ex-dividend date was Tuesday, March 10th. Natural Resource Partners’s dividend payout ratio (DPR) is 29.88%.

Institutional Investors Weigh In On Natural Resource Partners

Several hedge funds have recently made changes to their positions in the company. Morgan Stanley grew its stake in Natural Resource Partners by 14.3% in the fourth quarter. Morgan Stanley now owns 1,006,232 shares of the energy company’s stock worth $105,051,000 after purchasing an additional 125,530 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Natural Resource Partners by 9.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 748,185 shares of the energy company’s stock valued at $78,111,000 after buying an additional 63,350 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Natural Resource Partners by 12,329.6% during the 2nd quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company’s stock valued at $59,357,000 after buying an additional 616,478 shares in the last quarter. Progeny 3 Inc. grew its position in shares of Natural Resource Partners by 3.3% in the 3rd quarter. Progeny 3 Inc. now owns 312,523 shares of the energy company’s stock worth $32,815,000 after buying an additional 9,973 shares during the period. Finally, Solidarity Wealth LLC increased its stake in shares of Natural Resource Partners by 9.0% in the 4th 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 in the last quarter. 31.77% of the stock is currently owned by institutional investors.

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.