Marine Petroleum Trust (NASDAQ:MARPS) Short Interest Down 20.3% in February

Marine Petroleum Trust (NASDAQ:MARPS) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 8,947 shares, a decline of 20.3% from the January 29th total of 11,221 shares. Based on an average trading volume of 43,670 shares, the short-interest ratio is currently 0.2 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 43,670 shares, the short-interest ratio is currently 0.2 days.

Marine Petroleum Trust Price Performance

Marine Petroleum Trust stock traded down $0.64 during midday trading on Wednesday, reaching $5.20. 153,859 shares of the company traded hands, compared to its average volume of 84,957. Marine Petroleum Trust has a 12 month low of $3.34 and a 12 month high of $7.90. The business has a 50 day moving average of $4.55 and a two-hundred day moving average of $4.55. The firm has a market capitalization of $10.40 million, a price-to-earnings ratio of 14.05 and a beta of 0.38.

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

Marine Petroleum Trust Increases Dividend

The firm also recently announced 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. This represents a $0.41 annualized dividend and a yield of 7.8%. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.05. The ex-dividend date is Friday, February 27th. Marine Petroleum Trust’s dividend payout ratio (DPR) is presently 110.81%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Marine Petroleum Trust

An institutional investor recently bought a new position 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 the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 24,600 shares of the energy company’s stock, valued at approximately $102,000. Azzad Asset Management Inc. ADV owned 1.23% of Marine Petroleum Trust as of its most recent SEC filing. 1.76% of the stock is currently owned by hedge funds and other institutional investors.

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.