2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. trimmed its stake in Natural Resource Partners L.P.
(NYSE:NRP – Free Report) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 463,895 shares of the energy company’s stock after selling 24,515 shares during the period.
JPMorgan Chase & Co. owned about 3.58% of Natural Resource Partners worth $51,492,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in Natural Resource Partners during the third quarter worth about $294,000. Meixler Investment Management Ltd.
lifted its position in shares of Natural Resource Partners by 11.5% in the 4th quarter. Meixler Investment Management Ltd.
now owns 45,591 shares of the energy company’s stock worth $5,061,000 after acquiring an additional 4,706 shares during the period. Mountain Lake Investment Management LLC acquired a new stake in shares of Natural Resource Partners during the 4th quarter worth approximately $1,222,000. DHK Financial Advisors Inc.
bought a new stake in shares of Natural Resource Partners during the fourth quarter valued at approximately $438,000. Finally, ING Groep NV raised its stake in shares of Natural Resource Partners by 43.8% in the fourth quarter.
ING Groep NV now owns 93,910 shares of the energy company’s stock valued at $10,424,000 after purchasing an additional 28,600 shares in the last quarter. Institutional investors own 31.77% of the company’s stock.
Natural Resource Partners Trading Down 5.8 %Shares of NRP stock opened at $93.72 on Friday.
The firm has a fifty day moving average of $103.46 and a 200-day moving average of $103.43.
The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 7.54 and a beta of 0.
39. Natural Resource Partners L.P.
has a 52-week low of $81.74 and a 52-week high of $113.04.
The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.33 and a current ratio of 2.
33. Natural Resource Partners (NYSE:NRP – Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The energy company reported $3.
15 earnings per share (EPS) for the quarter. The firm had revenue of $65.73 million during the quarter.
Natural Resource Partners had a net margin of 68.22% and a return on equity of 39.69%.
Natural Resource Partners Increases DividendThe business also recently declared a dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th were paid a $1.21 dividend.
This is a positive change 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 payout ratio is currently 26.62%. Natural Resource Partners Profile (Free Report)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.See AlsoFive stocks we like better than Natural Resource PartnersHow to Find Undervalued StocksConagra Stock Could Thrive as Tariffs Hit Other Sectors3 Stocks to Consider Buying in OctoberGrocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey FindsThe Role Economic Reports Play in a Successful Investment StrategySpotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy?.
