Citigroup Inc. Cuts Stock Position in Natural Resource Partners L.P. (NYSE:NRP)

Citigroup Inc. lowered its holdings in shares of Natural Resource Partners L.P. (NYSE:NRP - Free Report) by 9.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 407,407 shares of the energy company's stock after selling 41,739 shares during the period. Citigroup Inc. owned about 3.14% of Natural Resource Partners worth $39,844,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Eubel Brady & Suttman Asset Management Inc. grew its stake in Natural Resource Partners by 1,035.2% in the 2nd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 117,100 shares of the energy company's stock valued at $10,497,000 after purchasing an additional 106,785 shares during the period. International Assets Investment Management LLC bought a new position in shares of Natural Resource Partners in the third quarter valued at approximately $5,433,000. Solidarity Wealth LLC increased its holdings in shares of Natural Resource Partners by 1,038.6% in the third quarter. Solidarity Wealth LLC now owns 46,615 shares of the energy company's stock worth $4,559,000 after purchasing an additional 42,521 shares during the period. Pekin Hardy Strauss Inc. purchased a new stake in Natural Resource Partners in the second quarter valued at approximately $1,496,000. Finally, ING Groep NV raised its position in Natural Resource Partners by 20.1% during the third quarter. ING Groep NV now owns 65,310 shares of the energy company's stock valued at $6,387,000 after purchasing an additional 10,910 shares in the last quarter. 31.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Natural Resource Partners from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 17th.

Natural Resource Partners Stock Up 1.3 %

NYSE:NRP traded up $1.42 during mid-day trading on Monday, hitting $107.40. 37,003 shares of the company's stock were exchanged, compared to its average volume of 26,917. Natural Resource Partners L.P. has a one year low of $74.93 and a one year high of $113.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.33 and a quick ratio of 2.33. The company has a market cap of $1.39 billion, a PE ratio of 8.53 and a beta of 0.50. The business has a fifty day moving average price of $99.30 and a 200 day moving average price of $93.56.

Natural Resource Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $3.00 annualized dividend and a dividend yield of 2.79%. Natural Resource Partners's payout ratio is 24.14%.

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.