Marine Petroleum Trust (NASDAQ:MARPS) Shares Shorted: Short Interest Up 84.4% in September

Marine Petroleum Trust (NASDAQ:MARPS) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 3,192 shares, a growth of 84.4% from the August 31st total of 1,731 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 6,293 shares, the short-interest ratio is currently 0.5 days.

Marine Petroleum Trust Stock Performance

MARPS traded down $0.14 during midday trading on Tuesday, reaching $4.38. The company had a trading volume of 22,988 shares, compared to its average volume of 34,600. Marine Petroleum Trust has a 12-month low of $4.05 and a 12-month high of $6.49. The business has a 50-day moving average price of $4.64 and a two-hundred day moving average price of $4.83. The stock has a market cap of $8.76 million, a PE ratio of 12.88 and a beta of 0.38.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its quarterly earnings results on Friday, September 25th. The energy company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $0.26 million during the quarter. Marine Petroleum Trust had a net margin of 67.00% and a return on equity of 69.06%.

Marine Petroleum Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Monday, August 31st were given a $0.0954 dividend. This is a decrease from Marine Petroleum Trust’s previous quarterly dividend of $0.0965. This represents a $0.38 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend was Monday, August 31st. Marine Petroleum Trust’s dividend payout ratio (DPR) is 111.76%.

Institutional Trading of Marine Petroleum Trust

An institutional investor recently bought a new stake in Marine Petroleum Trust stock. Welch Group LLC purchased a new position in shares of Marine Petroleum Trust (NASDAQ:MARPS) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,956 shares of the energy company’s stock, valued at approximately $85,000. Welch Group LLC owned 0.80% of Marine Petroleum Trust as of its most recent filing with the SEC. Institutional investors own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Marine Petroleum Trust Company Profile

Marine Petroleum Trust (NASDAQ: MARPS) is a grantor trust that holds royalty interests in oil and natural gas properties. Rather than operating wells or selling energy products directly, the trust receives royalty payments based on production from the properties in which it has interests.

The trust’s interests are primarily associated with offshore oil and gas properties in the Gulf of Mexico, particularly areas off the coast of Louisiana. Its cash distributions are therefore tied to production volumes, commodity prices, operating activity by the property operators and the remaining economic life of the underlying reserves.

Marine Petroleum Trust was established in 1955 and is managed under the terms of its trust agreement.