ING Groep NV Has $6.39 Million Stock Position in Natural Resource Partners L.P. (NYSE:NRP)

ING Groep NV grew its stake in shares of Natural Resource Partners L.P. (NYSE:NRP - Free Report) by 20.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,310 shares of the energy company's stock after acquiring an additional 10,910 shares during the period. ING Groep NV owned about 0.50% of Natural Resource Partners worth $6,387,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. L1 Capital International Pty Ltd bought a new position in Natural Resource Partners during the 1st quarter worth $13,890,000. Eubel Brady & Suttman Asset Management Inc. grew its stake in Natural Resource Partners by 1,035.2% during the 2nd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 117,100 shares of the energy company's stock worth $10,497,000 after buying an additional 106,785 shares during the last quarter. International Assets Investment Management LLC bought a new position in Natural Resource Partners during the 3rd quarter worth $5,433,000. Solidarity Wealth LLC grew its stake in Natural Resource Partners by 1,038.6% during the 3rd quarter. Solidarity Wealth LLC now owns 46,615 shares of the energy company's stock worth $4,559,000 after buying an additional 42,521 shares during the last quarter. Finally, Meixler Investment Management Ltd. lifted its holdings in shares of Natural Resource Partners by 22.2% in the third quarter. Meixler Investment Management Ltd. now owns 40,885 shares of the energy company's stock valued at $3,999,000 after buying an additional 7,430 shares during the period. 31.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Natural Resource Partners Trading Down 1.7 %

Shares of Natural Resource Partners stock traded down $1.82 on Friday, reaching $105.66. 44,617 shares of the company were exchanged, compared to its average volume of 26,868. The stock has a fifty day moving average price of $97.38 and a 200-day moving average price of $92.99. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 8.50 and a beta of 0.50. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.35. Natural Resource Partners L.P. has a fifty-two week low of $68.32 and a fifty-two week high of $111.46.

Natural Resource Partners Dividend Announcement

The firm also recently declared 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 is Tuesday, November 19th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.84%. Natural Resource Partners's dividend payout ratio is 24.14%.

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.