JPMorgan Chase & Co. Acquires 126 Shares of Natural Resource Partners L.P. (NYSE:NRP)

JPMorgan Chase & Co. raised its holdings in Natural Resource Partners L.P. (NYSE:NRP) by 0.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 488,410 shares of the energy company’s stock after buying an additional 126 shares during the period. JPMorgan Chase & Co.’s holdings in Natural Resource Partners were worth $47,766,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NRP. Northwestern Mutual Wealth Management Co. bought a new stake in Natural Resource Partners in the 2nd quarter valued at $34,000. Covestor Ltd acquired a new position in shares of Natural Resource Partners in the third quarter valued at $60,000. Jane Street Group LLC bought a new position in shares of Natural Resource Partners in the third quarter valued at about $294,000. Landscape Capital Management L.L.C. bought a new position in shares of Natural Resource Partners in the third quarter valued at about $324,000. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Natural Resource Partners by 14.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,322 shares of the energy company’s stock worth $716,000 after buying an additional 898 shares during the last quarter. 31.77% of the stock is owned by institutional investors and hedge funds.

Natural Resource Partners Stock Up 3.4 %

Shares of NRP opened at $111.00 on Friday. The firm has a market cap of $1.44 billion, a P/E ratio of 8.93 and a beta of 0.57. 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 52 week low of $81.74 and a 52 week high of $113.04. The firm’s 50-day simple moving average is $105.33 and its 200 day simple moving average is $97.16.

Natural Resource Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 19th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.70%. Natural Resource Partners’s dividend payout ratio (DPR) is currently 24.14%.

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.