Wells Fargo & Company MN Has $158,000 Holdings in Natural Resource Partners L.P. (NYSE:NRP)

Wells Fargo & Company MN trimmed its holdings in Natural Resource Partners L.P. (NYSE:NRP) by 10.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,421 shares of the energy company’s stock after selling 170 shares during the quarter. Wells Fargo & Company MN’s holdings in Natural Resource Partners were worth $158,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC bought a new position in shares of Natural Resource Partners during the 3rd quarter worth about $294,000. Solidarity Wealth LLC increased its stake in Natural Resource Partners by 97.8% during the fourth quarter. Solidarity Wealth LLC now owns 92,186 shares of the energy company’s stock valued at $10,233,000 after acquiring an additional 45,571 shares during the period. DHK Financial Advisors Inc. acquired a new position in Natural Resource Partners in the 4th quarter valued at approximately $438,000. Mountain Lake Investment Management LLC bought a new stake in shares of Natural Resource Partners in the 4th quarter worth approximately $1,222,000. Finally, Meixler Investment Management Ltd. grew its holdings in shares of Natural Resource Partners by 11.5% during the 4th quarter. Meixler Investment Management Ltd. now owns 45,591 shares of the energy company’s stock worth $5,061,000 after purchasing an additional 4,706 shares in the last quarter. Institutional investors own 31.77% of the company’s stock.

Natural Resource Partners Stock Performance

NRP opened at $95.75 on Friday. The stock has a market cap of $1.24 billion, a PE ratio of 7.70 and a beta of 0.34. Natural Resource Partners L.P. has a 1 year low of $81.74 and a 1 year high of $113.04. The stock’s 50 day simple moving average is $101.53 and its 200-day simple moving average is $103.52. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.35.

Natural Resource Partners (NYSE:NRP) last issued its earnings results on Tuesday, May 6th. The energy company reported $2.97 earnings per share for the quarter. The business had revenue of $60.54 million for the quarter. Natural Resource Partners had a net margin of 68.22% and a return on equity of 39.69%.

Natural Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 20th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.13%. Natural Resource Partners’s payout ratio is presently 28.82%.

Natural Resource Partners Profile

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.