California Public Employees Retirement System trimmed its holdings in shares of Natural Resource Partners LP (NYSE:NRP) by 16.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,640 shares of the energy company’s stock after selling 5,700 shares during the period. California Public Employees Retirement System owned about 0.23% of Natural Resource Partners worth $789,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. GSA Capital Partners LLP acquired a new position in Natural Resource Partners in the 2nd quarter worth approximately $254,000. JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 257,912 shares during the period. Morgan Stanley boosted its stake 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 purchasing an additional 283,574 shares during the period. Marshall Wace North America L.P. acquired a new position in Natural Resource Partners in the 2nd quarter worth approximately $308,000. Finally, Bank of America Corp DE boosted its stake 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 purchasing an additional 790 shares during the period. Hedge funds and other institutional investors own 20.32% of the company’s stock.

A number of research firms recently commented on NRP. Zacks Investment Research lowered shares of Natural Resource Partners from a “hold” rating to a “strong sell” rating in a research note on Friday, November 10th. ValuEngine lowered shares of Natural Resource Partners from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Stifel Nicolaus set a $31.00 price objective on shares of Natural Resource Partners and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Finally, BidaskClub lowered shares of Natural Resource Partners from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $27.50.

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Natural Resource Partners LP (NYSE NRP) opened at $26.00 on Thursday. Natural Resource Partners LP has a 52 week low of $22.81 and a 52 week high of $45.60. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.89 and a quick ratio of 0.85. The company has a market cap of $318.03, a P/E ratio of 12.87 and a beta of 0.73.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th were given a $0.45 dividend. The ex-dividend date was Monday, November 6th. This represents a $1.80 dividend on an annualized basis and a yield of 6.92%. Natural Resource Partners’s payout ratio is 72.00%.

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.

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

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