Natural Resource Partners (NYSE:NRP) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Natural Resource Partners L.P. (NYSE:NRP - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $102.86 and traded as high as $106.50. Natural Resource Partners shares last traded at $105.38, with a volume of 13,128 shares traded.

Natural Resource Partners Trading Up 2.2 %

The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.33 and a current ratio of 2.33. The stock has a market cap of $1.36 billion, a P/E ratio of 8.45 and a beta of 0.39. The company has a 50-day simple moving average of $103.91 and a 200-day simple moving average of $103.34.

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

Natural Resource Partners Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were issued a $1.21 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Natural Resource Partners's previous dividend of $0.35. Natural Resource Partners's dividend payout ratio (DPR) is currently 26.62%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Progeny 3 Inc. bought a new stake in shares of Natural Resource Partners during the fourth quarter worth $15,732,000. ING Groep NV increased its position in 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 purchasing an additional 28,600 shares during the period. Solidarity Wealth LLC raised its holdings in Natural Resource Partners by 97.8% during the 4th quarter. Solidarity Wealth LLC now owns 92,186 shares of the energy company's stock worth $10,233,000 after purchasing an additional 45,571 shares during the last quarter. Bank of America Corp DE lifted its position in Natural Resource Partners by 48.9% during the 4th quarter. Bank of America Corp DE now owns 57,085 shares of the energy company's stock valued at $6,336,000 after purchasing an additional 18,754 shares during the period. Finally, Meixler Investment Management Ltd. boosted its stake in shares of Natural Resource Partners by 11.5% in the 4th quarter. Meixler Investment Management Ltd. now owns 45,591 shares of the energy company's stock valued at $5,061,000 after purchasing an additional 4,706 shares during the last quarter. Institutional investors and hedge funds own 31.77% of the company's stock.

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About Natural Resource Partners

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.