Stokes Family Office LLC Has $1.47 Million Stock Holdings in Natural Resource Partners LP $NRP

Stokes Family Office LLC boosted its holdings in shares of Natural Resource Partners LP (NYSE:NRP) by 17.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,355 shares of the energy company’s stock after purchasing an additional 2,230 shares during the quarter. Stokes Family Office LLC owned about 0.12% of Natural Resource Partners worth $1,467,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Pecaut & CO. boosted its position in shares of Natural Resource Partners by 7.4% in the first quarter. Pecaut & CO. now owns 7,300 shares of the energy company’s stock valued at $758,000 after acquiring an additional 500 shares during the period. Solidarity Wealth LLC raised its stake in Natural Resource Partners by 79.0% during the 1st quarter. Solidarity Wealth LLC now owns 165,017 shares of the energy company’s stock valued at $17,145,000 after purchasing an additional 72,831 shares during the last quarter. ING Groep NV boosted its holdings in Natural Resource Partners by 16.0% in the 1st quarter. ING Groep NV now owns 108,910 shares of the energy company’s stock valued at $11,316,000 after purchasing an additional 15,000 shares during the period. Covestor Ltd increased its holdings in shares of Natural Resource Partners by 21.6% during the 1st quarter. Covestor Ltd now owns 940 shares of the energy company’s stock worth $98,000 after purchasing an additional 167 shares during the period. Finally, State of Wyoming raised its position in shares of Natural Resource Partners by 23.8% during the first quarter. State of Wyoming now owns 2,638 shares of the energy company’s stock valued at $274,000 after buying an additional 507 shares during the last quarter. 31.77% of the stock is owned by institutional investors.

Natural Resource Partners Stock Up 1.2%

Shares of NYSE NRP opened at $105.46 on Friday. Natural Resource Partners LP has a 52-week low of $86.83 and a 52-week high of $113.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.20 and a current ratio of 2.20. The business has a fifty day moving average of $104.09 and a two-hundred day moving average of $100.93. The stock has a market cap of $1.37 billion, a PE ratio of 9.91 and a beta of 0.28.

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

Natural Resource Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 18th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $3.00 dividend on an annualized basis and a yield of 2.8%. Natural Resource Partners’s payout ratio is currently 27.47%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NRP shares. Wall Street Zen upgraded Natural Resource Partners from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Natural Resource Partners in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Insider Activity at Natural Resource Partners

In other news, VP Gregory F. Wooten sold 8,607 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $100.24, for a total value of $862,765.68. Following the completion of the sale, the vice president directly owned 28,656 shares in the company, valued at approximately $2,872,477.44. This trade represents a 23.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 35.30% of the company’s stock.

Natural Resource Partners 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.