Natural Resource Partners (NYSE:NRP) Hits New 12-Month High – Should You Buy?

Shares of Natural Resource Partners LP (NYSE:NRP) reached a new 52-week high during trading on Tuesday . The company traded as high as $122.68 and last traded at $122.1480, with a volume of 11360 shares traded. The stock had previously closed at $119.00.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Natural Resource Partners in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Natural Resource Partners Price Performance

The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average price is $105.57 and its two-hundred day moving average price is $103.94. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 10.91 and a beta of 0.20.

Natural Resource Partners (NYSE:NRP) last posted its earnings results on Tuesday, November 4th. The energy company reported $2.28 earnings per share (EPS) for the quarter. The company had revenue of $49.93 million during the quarter. Natural Resource Partners had a net margin of 64.78% and a return on equity of 25.31%.

Natural Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Tuesday, November 18th were paid a $0.75 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.5%. Natural Resource Partners’s dividend payout ratio is presently 27.47%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NRP. Corient Private Wealth LLC increased its holdings in shares of Natural Resource Partners by 12,329.6% during the 2nd quarter. Corient Private Wealth LLC now owns 621,478 shares of the energy company’s stock valued at $59,357,000 after purchasing an additional 616,478 shares in the last quarter. ING Groep NV increased its holdings in Natural Resource Partners by 33.4% in the third quarter. ING Groep NV now owns 162,400 shares of the energy company’s stock valued at $17,052,000 after buying an additional 40,700 shares in the last quarter. Annandale Capital LLC purchased a new position in Natural Resource Partners in the third quarter valued at $2,740,000. Solidarity Wealth LLC raised its position in shares of Natural Resource Partners by 13.0% in the second quarter. Solidarity Wealth LLC now owns 186,393 shares of the energy company’s stock worth $17,802,000 after acquiring an additional 21,376 shares during the period. Finally, Meixler Investment Management Ltd. raised its position in shares of Natural Resource Partners by 36.6% in the second quarter. Meixler Investment Management Ltd. now owns 67,502 shares of the energy company’s stock worth $6,447,000 after acquiring an additional 18,102 shares during the period. 31.77% of the stock is owned by institutional investors and hedge funds.

Natural Resource Partners Company Profile

Natural Resource Partners LP (NYSE: NRP) is a master limited partnership that acquires and manages royalty and other mineral interests in coal and other natural resources across North America and Australia. The partnership was formed in 2010 as a spin-out from a major U.S. coal producer and is headquartered in Fairmont, West Virginia. Its core business model centers on owning gross proceeds interests, gross royalty proceeds interests and fee minerals, which provide the right to receive a portion of revenues from mining and mineral production without operating the mines directly.

NRP’s U.S.