Marine Petroleum Trust (NASDAQ:MARPS) Sees Large Decrease in Short Interest

Posted by Faye Duncan on Nov 16th, 2024

Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 2,900 shares, a decline of 17.1% from the October 15th total of 3,500 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 17,700 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Marine Petroleum Trust in a research report on Wednesday. They set a “hold” rating on the stock.

View Our Latest Report on Marine Petroleum Trust

Marine Petroleum Trust Price Performance

MARPS traded up $0.10 on Friday, hitting $3.95. 3,117 shares of the stock were exchanged, compared to its average volume of 13,430. The firm has a market capitalization of $7.82 million, a price-to-earnings ratio of 10.68 and a beta of 0.24. Marine Petroleum Trust has a 12 month low of $3.77 and a 12 month high of $6.50. The business has a 50-day moving average of $4.06 and a two-hundred day moving average of $4.05.

Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last issued its quarterly earnings results on Monday, September 30th. The energy company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $0.23 million for the quarter. Marine Petroleum Trust had a return on equity of 74.22% and a net margin of 68.94%.

Marine Petroleum Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were paid a $0.095 dividend. This is an increase from Marine Petroleum Trust’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.38 annualized dividend and a yield of 9.62%. Marine Petroleum Trust’s dividend payout ratio is presently 102.70%.

Marine Petroleum Trust Company Profile

(Get Free Report)

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.