Marine Petroleum Trust (NASDAQ:MARPS) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Marine Petroleum Trust (NASDAQ:MARPSGet Rating) in a research report released on Monday. The firm issued a hold rating on the energy company’s stock.

Shares of MARPS stock opened at $7.54 on Monday. Marine Petroleum Trust has a 12 month low of $3.75 and a 12 month high of $32.00. The company’s fifty day simple moving average is $8.29 and its 200-day simple moving average is $5.95.

Marine Petroleum Trust (NASDAQ:MARPSGet Rating) last released its earnings results on Monday, February 14th. The energy company reported $0.09 earnings per share for the quarter. The business had revenue of $0.27 million during the quarter. Marine Petroleum Trust had a net margin of 69.94% and a return on equity of 55.32%.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 28th. Stockholders of record on Monday, February 28th were given a $0.107 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date of this dividend was Friday, February 25th. This is an increase from Marine Petroleum Trust’s previous quarterly dividend of $0.11.

A hedge fund recently bought a new stake in Marine Petroleum Trust stock. Citadel Advisors LLC bought a new position in shares of Marine Petroleum Trust (NASDAQ:MARPSGet Rating) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,914 shares of the energy company’s stock, valued at approximately $46,000. Citadel Advisors LLC owned about 0.55% of Marine Petroleum Trust as of its most recent filing with the Securities and Exchange Commission.

About Marine Petroleum Trust (Get Rating)

Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. As of June 30, 2021, the company had an overriding royalty interest in 55 oil and natural gas leases covering approximately 199,868 gross acres located in the Central and Western areas of the Gulf of Mexico off the coasts of Louisiana and Texas.

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