Citigroup Inc. Sells 29,017 Shares of Natural Resource Partners LP (NYSE:NRP)

Citigroup Inc. decreased its position in Natural Resource Partners LP (NYSE:NRP) by 16.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 144,768 shares of the energy company’s stock after selling 29,017 shares during the period. Citigroup Inc.’s holdings in Natural Resource Partners were worth $15,041,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Progeny 3 Inc. acquired a new stake in shares of Natural Resource Partners during the 4th quarter worth approximately $15,732,000. Solidarity Wealth LLC grew its holdings in Natural Resource Partners by 79.0% in the first quarter. Solidarity Wealth LLC now owns 165,017 shares of the energy company’s stock worth $17,145,000 after purchasing an additional 72,831 shares during the period. Bank of America Corp DE increased its stake in Natural Resource Partners by 48.9% in the fourth quarter. Bank of America Corp DE now owns 57,085 shares of the energy company’s stock valued at $6,336,000 after purchasing an additional 18,754 shares in the last quarter. ING Groep NV raised its holdings in shares of Natural Resource Partners by 16.0% during the first quarter. ING Groep NV now owns 108,910 shares of the energy company’s stock valued at $11,316,000 after purchasing an additional 15,000 shares during the period. Finally, Inscription Capital LLC bought a new position in shares of Natural Resource Partners during the 1st quarter worth about $520,000. Institutional investors own 31.77% of the company’s stock.

Natural Resource Partners Trading Up 0.1%

Shares of Natural Resource Partners stock opened at $103.53 on Friday. The stock has a market capitalization of $1.34 billion, a PE ratio of 9.73 and a beta of 0.35. Natural Resource Partners LP has a 52 week low of $81.74 and a 52 week high of $113.04. The stock has a 50 day moving average price of $99.04 and a two-hundred day moving average price of $100.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.20 and a current ratio of 2.20.

Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings results on Wednesday, August 6th. The energy company reported $2.52 earnings per share (EPS) for the quarter. The business had revenue of $50.10 million during the quarter. Natural Resource Partners had a net margin of 65.19% and a return on equity of 27.76%.

Natural Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $3.00 annualized dividend and a dividend yield of 2.9%. Natural Resource Partners’s payout ratio is presently 28.20%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Natural Resource Partners from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th.

About Natural Resource Partners

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.