Marine Petroleum Trust (NASDAQ:MARPS) Short Interest Down 50.0% in August

Marine Petroleum Trust (NASDAQ:MARPS) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 1,731 shares, a decrease of 50.0% from the August 15th total of 3,465 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 4,536 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Marine Petroleum Trust stock. Welch Group LLC acquired a new stake in Marine Petroleum Trust (NASDAQ:MARPS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter. Institutional investors own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Marine Petroleum Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Marine Petroleum Trust Price Performance

Shares of MARPS stock traded down $0.07 during midday trading on Tuesday, reaching $4.52. 841 shares of the company traded hands, compared to its average volume of 5,567. The firm’s 50 day simple moving average is $4.72 and its two-hundred day simple moving average is $4.88. The firm has a market cap of $9.04 million, a PE ratio of 14.13 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 Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Monday, August 31st will be given a $0.0954 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.38 dividend on an annualized basis and a dividend yield of 8.4%. Marine Petroleum Trust’s dividend payout ratio (DPR) is currently 118.75%.

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.