Natural Resource Partners (NYSE:NRP) Sees Strong Trading Volume – Should You Buy?

Natural Resource Partners LP (NYSE:NRP) shares saw unusually-high trading volume on Wednesday . Approximately 19,771 shares were traded during trading, an increase of 32% from the previous session’s volume of 15,008 shares.The stock last traded at $102.92 and had previously closed at $102.87.

Analyst Ratings Changes

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

Natural Resource Partners Stock Up 0.0%

The business has a 50 day simple moving average of $104.14 and a 200 day simple moving average of $102.06. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.14 and a quick ratio of 2.14. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.34 and a beta of 0.18.

Natural Resource Partners (NYSE:NRP) last issued its quarterly earnings data 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 25.31% and a net margin of 64.78%.The company had revenue of $49.93 million during the quarter.

Natural Resource Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 18th were paid a dividend of $0.75 per share. The ex-dividend date was Tuesday, November 18th. This represents a $3.00 annualized dividend and a yield of 2.9%. Natural Resource Partners’s dividend payout ratio is presently 27.47%.

Institutional Trading of Natural Resource Partners

Several large investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC increased 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 worth $59,357,000 after purchasing an additional 616,478 shares during the period. Eschler Asset Management LLP bought a new position in shares of Natural Resource Partners in the first quarter valued at approximately $831,000. Meixler Investment Management Ltd. increased its holdings in Natural Resource Partners by 36.6% during the second quarter. Meixler Investment Management Ltd. now owns 67,502 shares of the energy company’s stock worth $6,447,000 after buying an additional 18,102 shares during the last quarter. Mountain Lake Investment Management LLC lifted its position in shares of Natural Resource Partners by 100.0% during the 1st quarter. Mountain Lake Investment Management LLC now owns 22,101 shares of the energy company’s stock valued at $2,296,000 after buying an additional 11,051 shares during the last quarter. Finally, Solidarity Wealth LLC raised its stake in shares of Natural Resource Partners by 13.0% during the 2nd quarter. Solidarity Wealth LLC now owns 186,393 shares of the energy company’s stock valued at $17,802,000 after purchasing an additional 21,376 shares during the period. 31.77% of the stock is owned by institutional investors and hedge funds.

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.