ING Groep NV Has $18.31 Million Stake in Natural Resource Partners LP $NRP

ING Groep NV lifted its position in shares of Natural Resource Partners LP (NYSE:NRP) by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,400 shares of the energy company’s stock after purchasing an additional 13,000 shares during the quarter. ING Groep NV’s holdings in Natural Resource Partners were worth $18,312,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Meixler Investment Management Ltd. grew its holdings in shares of Natural Resource Partners by 15.5% during the third quarter. Meixler Investment Management Ltd. now owns 77,967 shares of the energy company’s stock valued at $8,187,000 after buying an additional 10,465 shares during the last quarter. Solidarity Wealth LLC grew its holdings in shares of Natural Resource Partners by 9.0% during the fourth quarter. Solidarity Wealth LLC now owns 214,776 shares of the energy company’s stock valued at $22,423,000 after buying an additional 17,731 shares during the last quarter. Mountain Lake Investment Management LLC grew its holdings in shares of Natural Resource Partners by 21.5% during the third quarter. Mountain Lake Investment Management LLC now owns 45,622 shares of the energy company’s stock valued at $4,790,000 after buying an additional 8,072 shares during the last quarter. O Brien Greene & Co. Inc acquired a new position in shares of Natural Resource Partners during the fourth quarter valued at about $209,000. Finally, Novare Capital Management LLC acquired a new position in shares of Natural Resource Partners during the fourth quarter valued at about $204,000. 31.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Kevin J. Craig purchased 336 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average cost of $102.18 per share, for a total transaction of $34,332.48. Following the completion of the acquisition, the executive vice president owned 47,019 shares in the company, valued at $4,804,401.42. This trade represents a 0.72% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 35.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NRP. Weiss Ratings cut shares of Natural Resource Partners from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Wall Street Zen cut shares of Natural Resource Partners from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Natural Resource Partners presently has an average rating of “Hold”.

Natural Resource Partners Stock Down 0.0%

Natural Resource Partners stock opened at $105.51 on Monday. Natural Resource Partners LP has a fifty-two week low of $92.10 and a fifty-two week high of $128.60. The stock has a market cap of $1.40 billion, a PE ratio of 12.40 and a beta of 0.14. The firm’s 50-day simple moving average is $113.24 and its 200 day simple moving average is $113.31. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.09 and a current ratio of 2.09.

Natural Resource Partners (NYSE:NRP) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $0.25 by $1.19. Natural Resource Partners had a net margin of 61.28% and a return on equity of 18.49%. The business had revenue of $47.18 million for the quarter, compared to analysts’ expectations of $37.80 million.

Natural Resource Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Tuesday, May 19th were issued a dividend of $0.75 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.00 annualized dividend and a yield of 2.8%. Natural Resource Partners’s payout ratio is 35.25%.

Natural Resource Partners Company 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.