JPMorgan Chase & Co. Buys 126 Shares of Natural Resource Partners L.P. (NYSE:NRP)

JPMorgan Chase & Co. increased its stake in Natural Resource Partners L.P. (NYSE:NRP) by 0.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 488,410 shares of the energy company’s stock after purchasing an additional 126 shares during the period. JPMorgan Chase & Co. owned approximately 3.77% of Natural Resource Partners worth $47,766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in NRP. Jane Street Group LLC bought a new stake in Natural Resource Partners in the 3rd quarter valued at approximately $294,000. Horizon Kinetics Asset Management LLC acquired a new stake in Natural Resource Partners in the 3rd quarter valued at $1,899,000. Pekin Hardy Strauss Inc. lifted its position in Natural Resource Partners by 7.5% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 17,950 shares of the energy company’s stock worth $1,756,000 after buying an additional 1,260 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Natural Resource Partners during the 3rd quarter worth about $324,000. Finally, ING Groep NV grew its holdings in shares of Natural Resource Partners by 20.1% in the 3rd quarter. ING Groep NV now owns 65,310 shares of the energy company’s stock valued at $6,387,000 after acquiring an additional 10,910 shares in the last quarter. Institutional investors own 31.77% of the company’s stock.

Natural Resource Partners Stock Performance

NRP opened at $111.00 on Friday. The business’s 50-day simple moving average is $105.33 and its 200 day simple moving average is $97.16. 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. The firm has a market capitalization of $1.44 billion, a PE ratio of 8.93 and a beta of 0.57.

Natural Resource Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 19th were paid a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $3.00 annualized dividend and a dividend yield of 2.70%. Natural Resource Partners’s dividend payout ratio is presently 24.14%.

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.