5,985 Natural Resource Partners LP $NRP Shares Purchased by Magnolia Group LLC

Magnolia Group LLC lifted its holdings in shares of Natural Resource Partners LP (NYSE:NRP) by 15.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,735 shares of the energy company’s stock after purchasing an additional 5,985 shares during the period. Natural Resource Partners accounts for 1.6% of Magnolia Group LLC’s holdings, making the stock its 11th biggest holding. Magnolia Group LLC owned about 0.33% of Natural Resource Partners worth $4,755,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Integrated Wealth Concepts LLC increased its holdings in Natural Resource Partners by 15.8% in the second quarter. Integrated Wealth Concepts LLC now owns 5,839 shares of the energy company’s stock valued at $566,000 after purchasing an additional 795 shares during the period. State of Wyoming lifted its holdings in Natural Resource Partners by 141.6% during the 3rd quarter. State of Wyoming now owns 1,430 shares of the energy company’s stock worth $155,000 after buying an additional 838 shares during the period. Ulland Investment Advisors LLC grew its position in shares of Natural Resource Partners by 27.3% in the 3rd quarter. Ulland Investment Advisors LLC now owns 7,000 shares of the energy company’s stock valued at $761,000 after buying an additional 1,500 shares during the last quarter. Royal Bank of Canada grew its position in shares of Natural Resource Partners by 18.2% in the 1st quarter. Royal Bank of Canada now owns 18,335 shares of the energy company’s stock valued at $2,219,000 after buying an additional 2,828 shares during the last quarter. Finally, Morningstar Investment Management LLC bought a new stake in shares of Natural Resource Partners in the 1st quarter valued at about $391,000. Institutional investors and hedge funds own 31.77% of the company’s stock.

Natural Resource Partners Stock Performance

Natural Resource Partners stock opened at $122.70 on Thursday. Natural Resource Partners LP has a 52-week low of $95.51 and a 52-week high of $128.60. The firm has a 50 day moving average price of $112.74 and a two-hundred day moving average price of $111.30. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 16.34 and a beta of 0.10.

Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings data on Wednesday, November 4th. The energy company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $1.97. Natural Resource Partners had a net margin of 56.03% and a return on equity of 15.52%. The company had revenue of $48.94 million for the quarter, compared to analyst estimates of $34.00 million.

Natural Resource Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, November 17th will be issued a $2.34 dividend. The ex-dividend date is Tuesday, November 17th. This is a positive change from Natural Resource Partners’s previous quarterly dividend of $0.75. This represents a $9.36 annualized dividend and a yield of 7.6%. Natural Resource Partners’s dividend payout ratio (DPR) is presently 39.95%.

Insider Transactions at Natural Resource Partners

In related news, EVP Gregory Wooten sold 2,200 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $110.89, for a total value of $243,958.00. Following the transaction, the executive vice president owned 32,634 shares in the company, valued at $3,618,784.26. The trade was a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 35.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Natural Resource Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, Natural Resource Partners currently has an average rating of “Hold”.

Natural Resource Partners Company Profile

Natural Resource Partners L.P. is a natural resources company that owns and manages mineral rights and other natural resource properties. Its holdings include coal reserves and interests in aggregates, oil and natural gas, which it generally makes available to third-party operators in exchange for royalties and other payments. The company also holds an interest in Ciner Wyoming LLC, a producer of natural soda ash from the Green River Basin in Wyoming. Soda ash is used in products and processes such as glassmaking, detergents and chemical manufacturing.