ING Groep NV Acquires 40,700 Shares of Natural Resource Partners LP $NRP

ING Groep NV increased its holdings in Natural Resource Partners LP (NYSE:NRP) by 33.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,400 shares of the energy company’s stock after purchasing an additional 40,700 shares during the period. ING Groep NV owned approximately 1.25% of Natural Resource Partners worth $17,052,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NRP. Corient Private Wealth LLC raised its position in shares of Natural Resource Partners by 12,329.6% in the second quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company’s stock valued at $59,357,000 after purchasing an additional 616,478 shares during the period. Solidarity Wealth LLC grew its stake in Natural Resource Partners by 13.0% in the 2nd quarter. Solidarity Wealth LLC now owns 186,393 shares of the energy company’s stock valued at $17,802,000 after buying an additional 21,376 shares during the last quarter. Meixler Investment Management Ltd. raised its holdings in Natural Resource Partners by 36.6% in the 2nd quarter. Meixler Investment Management Ltd. now owns 67,502 shares of the energy company’s stock worth $6,447,000 after acquiring an additional 18,102 shares during the period. Progeny 3 Inc. raised its holdings in Natural Resource Partners by 4.3% in the 2nd quarter. Progeny 3 Inc. now owns 302,550 shares of the energy company’s stock worth $28,897,000 after acquiring an additional 12,370 shares during the period. Finally, Rangeley Capital LLC acquired a new position in Natural Resource Partners during the 2nd quarter worth $1,156,000. Institutional investors own 31.77% of the company’s stock.

Natural Resource Partners Trading Up 1.2%

Natural Resource Partners stock opened at $124.81 on Thursday. The business has a 50 day moving average price of $110.38 and a two-hundred day moving average price of $106.19. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 11.43 and a beta of 0.22. Natural Resource Partners LP has a 12 month low of $86.83 and a 12 month high of $127.61.

Natural Resource Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 17th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, February 17th. Natural Resource Partners’s payout ratio is 27.47%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Natural Resource Partners in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Natural Resource Partners Profile

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.