Marine Petroleum Trust (NASDAQ:MARPS) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a research note released on Friday. The firm issued a hold rating on the energy company’s stock.

Separately, TheStreet lowered Marine Petroleum Trust from a b- rating to a c+ rating in a report on Wednesday, February 14th.

Marine Petroleum Trust Price Performance

MARPS stock opened at $4.26 on Friday. Marine Petroleum Trust has a 1-year low of $3.90 and a 1-year high of $7.83. The company has a market capitalization of $8.52 million, a price-to-earnings ratio of 9.47 and a beta of 0.15. The business has a 50 day simple moving average of $4.31 and a two-hundred day simple moving average of $4.53.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its earnings results on Wednesday, February 14th. The energy company reported $0.10 EPS for the quarter. The firm had revenue of $0.26 million during the quarter. Marine Petroleum Trust had a return on equity of 93.01% and a net margin of 76.23%.

Marine Petroleum Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.102 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.41 annualized dividend and a dividend yield of 9.58%. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.08. Marine Petroleum Trust’s dividend payout ratio (DPR) is currently 91.11%.

Hedge Funds Weigh In On Marine Petroleum Trust

An institutional investor recently bought a new position in Marine Petroleum Trust stock. BNP Paribas Arbitrage SA acquired a new position in Marine Petroleum Trust (NASDAQ:MARPS) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 36,069 shares of the energy company’s stock, valued at approximately $289,000. BNP Paribas Arbitrage SA owned about 1.80% of Marine Petroleum Trust as of its most recent SEC filing. Institutional investors own 1.76% of the company’s stock.

Marine Petroleum Trust Company Profile

Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. It has overriding royalty interest in oil and natural gas leases in the Central and Western areas of the Gulf of Mexico off the coasts of Louisiana and Texas. Marine Petroleum Trust was founded in 1956 and is based in Dallas, Texas.