Natural Resource Partners (NYSE:NRP) Shares Cross Above 200 Day Moving Average – Time to Sell?

Natural Resource Partners L.P. (NYSE:NRP)’s share price 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.

Natural Resource Partners Stock Performance

The company has a market capitalization of $1.37 billion, a PE ratio of 8.48 and a beta of 0.39. The firm has a 50-day moving average of $104.13 and a two-hundred day moving average of $102.86. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.35.

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

Natural Resource Partners Increases Dividend

The firm also recently announced 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 of this dividend was Tuesday, March 11th. Natural Resource Partners’s dividend payout ratio is presently 26.62%.

Hedge Funds Weigh In On Natural Resource Partners

Large investors have recently added to or reduced their stakes in the stock. Covestor Ltd boosted its stake in shares of Natural Resource Partners by 26.1% in the fourth quarter. Covestor Ltd now owns 773 shares of the energy company’s stock worth $86,000 after acquiring an additional 160 shares during the last quarter. US Bancorp DE purchased a new stake in Natural Resource Partners during the 4th quarter valued at about $33,000. Larson Financial Group LLC purchased a new position in Natural Resource Partners in the 4th quarter worth approximately $89,000. Avalon Capital Management purchased a new stake in shares of Natural Resource Partners in the fourth quarter valued at approximately $222,000. Finally, Formidable Asset Management LLC acquired a new stake in shares of Natural Resource Partners in the fourth quarter valued at approximately $222,000. 31.77% of the stock is currently owned by institutional investors and hedge funds.

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.