Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 200 shares, a decrease of 92.9% from the June 30th total of 2,800 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 7,500 shares, the days-to-cover ratio is presently 0.0 days.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on shares of Marine Petroleum Trust in a report on Wednesday. They set a “hold” rating on the stock.
Get Our Latest Stock Analysis on MARPS
Marine Petroleum Trust Price Performance
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last issued its earnings results on Tuesday, May 14th. The energy company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $0.25 million for the quarter. Marine Petroleum Trust had a net margin of 70.95% and a return on equity of 83.39%.
Marine Petroleum Trust Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were given a $0.056 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.22 dividend on an annualized basis and a dividend yield of 5.74%. Marine Petroleum Trust’s dividend payout ratio is 55.00%.
About Marine Petroleum Trust
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.
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