Natural Resource Partners L.P. (NYSE:NRP) Holdings Lowered by Covey Capital Advisors LLC

Covey Capital Advisors LLC lowered its stake in Natural Resource Partners L.P. (NYSE:NRP) by 20.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,591 shares of the energy company’s stock after selling 3,158 shares during the quarter. Natural Resource Partners makes up 1.4% of Covey Capital Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Covey Capital Advisors LLC’s holdings in Natural Resource Partners were worth $1,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of NRP. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Natural Resource Partners in the second quarter worth about $34,000. Covestor Ltd acquired a new position in Natural Resource Partners in the 3rd quarter worth approximately $60,000. PEAK6 Investments LLC purchased a new position in Natural Resource Partners during the 1st quarter worth approximately $207,000. Landscape Capital Management L.L.C. purchased a new position in Natural Resource Partners during the 3rd quarter worth approximately $324,000. Finally, Stokes Family Office LLC raised its stake in Natural Resource Partners by 17.8% during the 2nd quarter. Stokes Family Office LLC now owns 6,625 shares of the energy company’s stock valued at $594,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 31.77% of the company’s stock.

Natural Resource Partners Price Performance

Shares of NRP opened at $109.50 on Friday. The business’s 50-day moving average is $100.62 and its 200-day moving average is $94.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.33 and a quick ratio of 2.33. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 8.81 and a beta of 0.50. Natural Resource Partners L.P. has a fifty-two week low of $74.93 and a fifty-two week high of $113.04.

Natural Resource Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 19th were given a $0.75 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $3.00 dividend on an annualized basis and a yield of 2.74%. Natural Resource Partners’s payout ratio is 24.14%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 17th.

Natural Resource Partners Company 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.