Natural Resource Partners LP (NYSE:NRP) Declares Quarterly Dividend of $0.75

Natural Resource Partners LP (NYSE:NRP) announced a quarterly dividend on Tuesday, November 4th. Shareholders of record on Tuesday, November 18th will be given a dividend of 0.75 per share by the energy company on Tuesday, November 25th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, November 18th.

Natural Resource Partners has increased its dividend payment by an average of 0.2%per year over the last three years.

Natural Resource Partners Stock Performance

NYSE:NRP traded down $0.37 during trading hours on Wednesday, reaching $104.50. The company had a trading volume of 940 shares, compared to its average volume of 23,298. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.15. Natural Resource Partners has a 52 week low of $86.83 and a 52 week high of $113.04. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 9.82 and a beta of 0.29. The firm’s 50 day moving average price is $104.03 and its 200-day moving average price is $100.84.

Natural Resource Partners (NYSE:NRP) last posted its earnings results on Tuesday, November 4th. The energy company reported $2.28 earnings per share for the quarter. Natural Resource Partners had a return on equity of 27.76% and a net margin of 65.19%.The company had revenue of $49.93 million for the quarter.

Insider Buying and Selling

In related news, VP Gregory F. Wooten sold 8,607 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $100.24, for a total transaction of $862,765.68. Following the sale, the vice president owned 28,656 shares of the company’s stock, valued at approximately $2,872,477.44. The trade was a 23.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 35.30% of the company’s stock.

Hedge Funds Weigh In On Natural Resource Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Wyoming raised its position in Natural Resource Partners by 65.4% during the third quarter. State of Wyoming now owns 1,871 shares of the energy company’s stock worth $196,000 after acquiring an additional 740 shares during the last quarter. Solidarity Wealth LLC increased its position in Natural Resource Partners by 5.7% during the third quarter. Solidarity Wealth LLC now owns 197,045 shares of the energy company’s stock worth $20,690,000 after purchasing an additional 10,652 shares during the last quarter. Avalon Capital Management acquired a new position in Natural Resource Partners during the third quarter worth approximately $210,000. Guyasuta Investment Advisors Inc. acquired a new position in Natural Resource Partners during the third quarter worth approximately $258,000. Finally, Exchange Traded Concepts LLC increased its position in Natural Resource Partners by 65.1% during the third quarter. Exchange Traded Concepts LLC now owns 11,779 shares of the energy company’s stock worth $1,237,000 after purchasing an additional 4,646 shares during the last quarter. Institutional investors and hedge funds own 31.77% of the company’s stock.

About Natural Resource Partners

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.