Maple Rock Capital Partners Inc. lifted its holdings in shares of Natural Resource Partners LP (NYSE:NRP) by 20.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 827,710 shares of the energy company’s stock after acquiring an additional 141,600 shares during the period. Natural Resource Partners accounts for approximately 7.2% of Maple Rock Capital Partners Inc.’s investment portfolio, making the stock its 7th biggest holding. Maple Rock Capital Partners Inc. owned approximately 6.77% of Natural Resource Partners worth $21,520,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Chicago Partners Investment Group LLC raised its position in shares of Natural Resource Partners by 306.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,768 shares of the energy company’s stock worth $118,000 after acquiring an additional 3,594 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Natural Resource Partners during the 4th quarter worth about $923,000. Deutsche Bank AG acquired a new stake in shares of Natural Resource Partners during the 4th quarter worth about $923,000. Finally, JPMorgan Chase & Co. raised its position in shares of Natural Resource Partners by 6.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 698,438 shares of the energy company’s stock worth $17,252,000 after acquiring an additional 41,231 shares in the last quarter. 28.26% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on NRP. ValuEngine lowered Natural Resource Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Zacks Investment Research raised Natural Resource Partners from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Friday, January 19th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $36.00 target price on shares of Natural Resource Partners in a research report on Tuesday, January 16th.
Natural Resource Partners (NYSE:NRP) last released its quarterly earnings results on Thursday, March 1st. The energy company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.99 by $0.32. The company had revenue of $101.10 million for the quarter, compared to analyst estimates of $90.03 million. Natural Resource Partners had a return on equity of 39.34% and a net margin of 32.67%. equities analysts expect that Natural Resource Partners LP will post 4.97 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, February 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.90%. The ex-dividend date of this dividend was Tuesday, February 6th. Natural Resource Partners’s dividend payout ratio (DPR) is 51.72%.
Natural Resource Partners Profile
Natural Resource Partners L.P. owns, operates, manages and leases a portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, construction aggregates and other natural resources. Coal Royalty and Other segment consists primarily of coal royalty and coal related transportation and processing assets.
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