Marine Petroleum Trust (NASDAQ:MARPS) Short Interest Update

Marine Petroleum Trust (NASDAQ:MARPS) was the recipient of a large decrease in short interest in February. As of February 13th, there was short interest totaling 8,947 shares, a decrease of 20.3% from the January 29th total of 11,221 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 43,670 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 43,670 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the shares of the stock are sold short.

Marine Petroleum Trust Stock Performance

Shares of MARPS opened at $5.11 on Monday. The company has a market capitalization of $10.22 million, a PE ratio of 13.81 and a beta of 0.37. The company’s 50 day moving average price is $4.50 and its 200 day moving average price is $4.53. Marine Petroleum Trust has a 52 week low of $3.34 and a 52 week high of $7.90.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its earnings results on Thursday, February 12th. The energy company reported $0.10 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a net margin of 68.98% and a return on equity of 77.05%. The company had revenue of $0.27 million during the quarter.

Marine Petroleum Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be given a dividend of $0.1016 per share. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.05. This represents a $0.41 dividend on an annualized basis and a yield of 8.0%. Marine Petroleum Trust’s payout ratio is 110.81%.

Institutional Investors Weigh In On Marine Petroleum Trust

A hedge fund recently bought a new stake in Marine Petroleum Trust stock. Azzad Asset Management Inc. ADV acquired a new position in Marine Petroleum Trust (NASDAQ:MARPS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,600 shares of the energy company’s stock, valued at approximately $102,000. Azzad Asset Management Inc. ADV owned about 1.23% of Marine Petroleum Trust at the end of the most recent quarter. 1.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Marine Petroleum Trust from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, February 17th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Marine Petroleum Trust has a consensus rating of “Hold”.

Marine Petroleum Trust Company Profile

Marine Petroleum Trust is a royalty trust that holds overriding royalty interests in petroleum and natural gas production assets on Alaska’s North Slope. Established in 1998, the trust’s primary asset is its net profits interest in the Nikaitchuq Unit, a large oil field operated under state and federal leases. Rather than engaging in exploration or production itself, Marine Petroleum Trust receives income in the form of royalties and net profits from production activities carried out by the unit operator.

The trust’s revenues are generated solely by hydrocarbons extracted from the Nikaitchuq field, with crude oil transported via the Trans-Alaska Pipeline System.