Natural Resource Partners L.P. (NYSE:NRP) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in Natural Resource Partners L.P. (NYSE:NRP - Free Report) by 5.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 463,895 shares of the energy company's stock after selling 24,515 shares during the period. JPMorgan Chase & Co. owned about 3.58% of Natural Resource Partners worth $51,492,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Pecaut & CO. acquired a new stake in Natural Resource Partners in the 4th quarter valued at approximately $755,000. Larson Financial Group LLC acquired a new stake in Natural Resource Partners in the 4th quarter valued at approximately $89,000. US Bancorp DE acquired a new stake in Natural Resource Partners in the 4th quarter valued at approximately $33,000. Avalon Capital Management acquired a new stake in Natural Resource Partners in the 4th quarter valued at approximately $222,000. Finally, ING Groep NV grew its stake in shares of Natural Resource Partners by 43.8% in the fourth quarter. ING Groep NV now owns 93,910 shares of the energy company's stock worth $10,424,000 after acquiring an additional 28,600 shares in the last quarter. Institutional investors and hedge funds own 31.77% of the company's stock.

Natural Resource Partners Stock Down 2.6 %

Shares of NYSE:NRP traded down $2.48 during trading on Thursday, hitting $94.02. The company's stock had a trading volume of 7,351 shares, compared to its average volume of 27,392. The business has a 50 day moving average price of $102.01 and a two-hundred day moving average price of $103.28. The company has a market capitalization of $1.22 billion, a PE ratio of 7.56 and a beta of 0.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.33 and a current ratio of 2.33. Natural Resource Partners L.P. has a fifty-two week low of $81.74 and a fifty-two week high of $113.04.

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Natural Resource Partners (NYSE:NRP - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The energy company reported $3.15 EPS for the quarter. The business had revenue of $65.73 million during the quarter. Natural Resource Partners had a net margin of 68.22% and a return on equity of 39.69%.

Natural Resource Partners Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were paid a dividend of $1.21 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from Natural Resource Partners's previous dividend of $0.35. Natural Resource Partners's payout ratio is presently 26.62%.

Natural Resource Partners Company 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.