Goldman Sachs Group Inc. increased its position in Natural Resource Partners LP (NYSE:NRP) by 16.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 518,356 shares of the energy company’s stock after buying an additional 74,138 shares during the period. Goldman Sachs Group Inc. owned about 4.24% of Natural Resource Partners worth $14,281,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. GSA Capital Partners LLP bought a new position in Natural Resource Partners in the 2nd quarter worth $254,000. JPMorgan Chase & Co. boosted its holdings in Natural Resource Partners by 64.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 657,207 shares of the energy company’s stock worth $18,106,000 after buying an additional 257,912 shares during the period. Marshall Wace North America L.P. bought a new position in Natural Resource Partners in the 2nd quarter worth $308,000. Bank of America Corp DE boosted its holdings in Natural Resource Partners by 5.5% in the 1st quarter. Bank of America Corp DE now owns 15,188 shares of the energy company’s stock worth $549,000 after buying an additional 790 shares during the period. Finally, Morgan Stanley boosted its holdings in Natural Resource Partners by 488.5% in the 1st quarter. Morgan Stanley now owns 341,621 shares of the energy company’s stock worth $12,350,000 after buying an additional 283,574 shares during the period. 20.31% of the stock is owned by institutional investors.

Shares of Natural Resource Partners LP (NRP) opened at 26.15 on Tuesday. The firm has a 50-day moving average of $24.99 and a 200 day moving average of $28.52. Natural Resource Partners LP has a 52 week low of $22.81 and a 52 week high of $45.60. The stock has a market cap of $319.87 million, a PE ratio of 7.36 and a beta of 0.66.

NRP has been the subject of several recent analyst reports. BidaskClub raised shares of Natural Resource Partners from a “strong sell” rating to a “sell” rating in a report on Sunday, July 16th. Zacks Investment Research upgraded shares of Natural Resource Partners from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. ValuEngine cut shares of Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 7th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Natural Resource Partners in a research note on Friday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $28.33.

ILLEGAL ACTIVITY NOTICE: “Natural Resource Partners LP (NRP) Position Lifted by Goldman Sachs Group Inc.” was originally published by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/10/17/natural-resource-partners-lp-nrp-position-lifted-by-goldman-sachs-group-inc.html.

Natural Resource Partners Company Profile

Natural Resource Partners L.P. owns, operates, manages and leases a portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, construction aggregates and other natural resources. Coal Royalty and Other segment consists primarily of coal royalty and coal related transportation and processing assets.

Institutional Ownership by Quarter for Natural Resource Partners (NYSE:NRP)

Receive News & Ratings for Natural Resource Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Natural Resource Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.