Pecaut & CO. Invests $755,000 in Natural Resource Partners L.P. (NYSE:NRP)

Pecaut & CO. bought a new stake in Natural Resource Partners L.P. (NYSE:NRP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,800 shares of the energy company's stock, valued at approximately $755,000. Pecaut & CO. owned about 0.05% of Natural Resource Partners as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC purchased a new stake in shares of Natural Resource Partners in the 4th quarter valued at $89,000. US Bancorp DE purchased a new stake in Natural Resource Partners during the fourth quarter valued at about $33,000. Avalon Capital Management bought a new position in shares of Natural Resource Partners during the fourth quarter valued at about $222,000. ING Groep NV increased its holdings 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 buying an additional 28,600 shares during the period. Finally, Meixler Investment Management Ltd. lifted 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 acquiring an additional 4,706 shares during the last quarter. Hedge funds and other institutional investors own 31.77% of the company's stock.

Natural Resource Partners Trading Up 2.2 %

NRP traded up $2.36 on Tuesday, hitting $107.36. 4,810 shares of the company were exchanged, compared to its average volume of 27,812. 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 firm has a fifty day simple moving average of $104.25 and a two-hundred day simple moving average of $102.51. The stock has a market capitalization of $1.39 billion, a PE ratio of 8.64 and a beta of 0.39. Natural Resource Partners L.P. has a 12 month low of $81.74 and a 12 month high of $113.04.

Remove Ads

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

Natural Resource Partners Increases Dividend

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

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.