JPMorgan Chase & Co. Sells 76,791 Shares of Natural Resource Partners LP $NRP

JPMorgan Chase & Co. trimmed its position in Natural Resource Partners LP (NYSE:NRP) by 22.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 267,560 shares of the energy company’s stock after selling 76,791 shares during the period. JPMorgan Chase & Co.’s holdings in Natural Resource Partners were worth $28,094,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Meixler Investment Management Ltd. grew its stake in Natural Resource Partners by 15.5% in the 3rd quarter. Meixler Investment Management Ltd. now owns 77,967 shares of the energy company’s stock valued at $8,187,000 after buying an additional 10,465 shares during the last quarter. Corient Private Wealth LLC lifted its position in 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 worth $59,357,000 after acquiring an additional 616,478 shares during the last quarter. ING Groep NV boosted its holdings in Natural Resource Partners by 33.4% during the third quarter. ING Groep NV now owns 162,400 shares of the energy company’s stock valued at $17,052,000 after acquiring an additional 40,700 shares during the period. Solidarity Wealth LLC boosted its holdings in Natural Resource Partners by 5.7% during the third quarter. Solidarity Wealth LLC now owns 197,045 shares of the energy company’s stock valued at $20,690,000 after acquiring an additional 10,652 shares during the period. Finally, Castalian Partners LLC grew its position in shares of Natural Resource Partners by 13.9% in the second quarter. Castalian Partners LLC now owns 77,081 shares of the energy company’s stock valued at $7,362,000 after purchasing an additional 9,400 shares during the last quarter. 31.77% of the stock is owned by institutional investors.

Natural Resource Partners Stock Performance

NYSE NRP opened at $122.01 on Tuesday. The company’s fifty day moving average is $120.10 and its two-hundred day moving average is $109.82. Natural Resource Partners LP has a 52-week low of $86.83 and a 52-week high of $128.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 12.15 and a beta of 0.20.

Natural Resource Partners (NYSE:NRP) last announced its quarterly earnings data on Friday, February 27th. The energy company reported $2.27 EPS for the quarter. Natural Resource Partners had a net margin of 65.16% and a return on equity of 22.52%. The business had revenue of $48.40 million during the quarter.

Natural Resource Partners Dividend Announcement

The company also recently declared a special dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 10th were paid a dividend of $0.12 per share. The ex-dividend date was Tuesday, March 10th. Natural Resource Partners’s payout ratio is currently 29.88%.

Analysts Set New Price Targets

NRP has been the subject of several research analyst reports. Wall Street Zen cut Natural Resource Partners from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Natural Resource Partners in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

About Natural Resource Partners

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.