Marine Petroleum Trust (NASDAQ:MARPS) Short Interest Up 116.0% in June

Marine Petroleum Trust (NASDAQ:MARPS) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 5,649 shares, a growth of 116.0% from the June 15th total of 2,615 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 8,611 shares, the short-interest ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MARPS shares. Wall Street Zen upgraded Marine Petroleum Trust to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings cut Marine Petroleum Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Marine Petroleum Trust Trading Up 0.8%

NASDAQ MARPS opened at $4.98 on Friday. The firm’s 50 day simple moving average is $4.75 and its 200 day simple moving average is $4.81. The firm has a market capitalization of $9.96 million, a price-to-earnings ratio of 15.56 and a beta of 0.38. Marine Petroleum Trust has a 1 year low of $4.05 and a 1 year high of $6.49.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings data on Thursday, May 14th. The energy company reported $0.07 EPS for the quarter. Marine Petroleum Trust had a net margin of 65.28% and a return on equity of 66.30%. The business had revenue of $0.23 million during the quarter.

Marine Petroleum Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Friday, May 29th were issued a dividend of $0.0965 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 7.7%. Marine Petroleum Trust’s payout ratio is 118.75%.

Institutional Trading of Marine Petroleum Trust

An institutional investor recently bought a new stake in Marine Petroleum Trust stock. Azzad Asset Management Inc. ADV bought a new stake in Marine Petroleum Trust (NASDAQ:MARPS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.76% of the company’s stock.

About Marine Petroleum Trust

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.