Marine Petroleum Trust (NASDAQ:MARPS) Short Interest Update

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

Marine Petroleum Trust Price Performance

NASDAQ MARPS remained flat at $4.52 during trading on Wednesday. 4,276 shares of the company’s stock traded hands, compared to its average volume of 47,447. The stock has a market capitalization of $9.04 million, a PE ratio of 14.13 and a beta of 0.37. Marine Petroleum Trust has a 1-year low of $4.05 and a 1-year high of $6.49. The business’s 50-day simple moving average is $4.80 and its 200 day simple moving average is $4.79.

Marine Petroleum Trust (NASDAQ:MARPS) last issued 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 net margin of 65.28% and a return on equity of 66.30%. The business had revenue of $0.23 million for the quarter.

Marine Petroleum Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Friday, May 29th were paid a dividend of $0.0965 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.39 annualized dividend and a yield of 8.5%. Marine Petroleum Trust’s dividend payout ratio (DPR) is currently 118.75%.

Analysts Set New Price Targets

MARPS has been the subject of several research reports. Weiss Ratings upgraded shares of Marine Petroleum Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Wall Street Zen raised Marine Petroleum Trust to a “hold” rating in a report on Saturday, March 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Marine Petroleum Trust stock. Welch Group LLC bought a new stake in shares of Marine Petroleum Trust (NASDAQ:MARPS) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 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 and Exchange Commission. Institutional investors and hedge funds own 1.76% of the company’s stock.

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.