Citigroup Inc. Has $39.84 Million Stake in Natural Resource Partners L.P. (NYSE:NRP)

Citigroup Inc. reduced its holdings in Natural Resource Partners L.P. (NYSE:NRP) by 9.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 407,407 shares of the energy company’s stock after selling 41,739 shares during the period. Citigroup Inc.’s holdings in Natural Resource Partners were worth $39,844,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Meixler Investment Management Ltd. lifted its holdings in Natural Resource Partners by 22.2% in the third quarter. Meixler Investment Management Ltd. now owns 40,885 shares of the energy company’s stock valued at $3,999,000 after buying an additional 7,430 shares during the period. Eubel Brady & Suttman Asset Management Inc. boosted its holdings in Natural Resource Partners by 1,035.2% during the second quarter. Eubel Brady & Suttman Asset Management Inc. now owns 117,100 shares of the energy company’s stock worth $10,497,000 after buying an additional 106,785 shares during the last quarter. Pekin Hardy Strauss Inc. acquired a new position in shares of Natural Resource Partners during the 2nd quarter worth about $1,496,000. International Assets Investment Management LLC bought a new stake in shares of Natural Resource Partners in the 3rd quarter valued at about $5,433,000. Finally, Solidarity Wealth LLC increased its stake in shares of Natural Resource Partners by 1,038.6% in the 3rd quarter. Solidarity Wealth LLC now owns 46,615 shares of the energy company’s stock valued at $4,559,000 after acquiring an additional 42,521 shares during the last quarter. 31.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Natural Resource Partners Stock Performance

Shares of Natural Resource Partners stock opened at $105.98 on Monday. The stock’s fifty day simple moving average is $99.30 and its 200 day simple moving average is $93.56. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $1.37 billion, a PE ratio of 8.53 and a beta of 0.50. Natural Resource Partners L.P. has a 12 month low of $74.93 and a 12 month high of $113.04.

Natural Resource Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Tuesday, November 19th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $3.00 annualized dividend and a dividend yield of 2.83%. Natural Resource Partners’s dividend payout ratio (DPR) is currently 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.