Short Interest in Marine Petroleum Trust (NASDAQ:MARPS) Decreases By 53.6%

Marine Petroleum Trust (NASDAQ:MARPS) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 2,615 shares, a decline of 53.6% from the May 31st total of 5,631 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 20,336 shares, the short-interest ratio is currently 0.1 days.

Marine Petroleum Trust Stock Performance

Shares of MARPS opened at $4.47 on Monday. The company’s 50-day simple moving average is $4.81 and its 200-day simple moving average is $4.78. Marine Petroleum Trust has a 1 year low of $4.05 and a 1 year high of $6.49. The stock has a market capitalization of $8.95 million, a PE ratio of 13.98 and a beta of 0.37.

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

Marine Petroleum Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, May 29th will be paid a $0.0965 dividend. This represents a $0.39 annualized dividend and a yield of 8.6%. The ex-dividend date is Friday, May 29th. Marine Petroleum Trust’s dividend payout ratio is currently 121.88%.

Analyst Ratings Changes

A number of research firms have commented on MARPS. Wall Street Zen upgraded Marine Petroleum Trust to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings upgraded Marine Petroleum Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Marine Petroleum Trust

A hedge fund recently bought a new position in Marine Petroleum Trust stock. Welch Group LLC acquired a new position in shares of Marine Petroleum Trust (NASDAQ:MARPS) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,956 shares of the energy company’s stock, valued at approximately $85,000. Welch Group LLC owned about 0.80% of Marine Petroleum Trust as of its most recent filing with the Securities & Exchange Commission. 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.