StockNews.com started coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) in a note issued to investors on Thursday. The firm set a “hold” rating on the energy company’s stock.
Marine Petroleum Trust Price Performance
Shares of Marine Petroleum Trust stock opened at $5.06 on Thursday. The stock has a 50-day moving average price of $5.42 and a 200 day moving average price of $6.68. Marine Petroleum Trust has a 1 year low of $4.35 and a 1 year high of $10.95.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Marine Petroleum Trust stock. BNP Paribas Arbitrage SA bought a new stake in Marine Petroleum Trust (NASDAQ:MARPS – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 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. 3.65% of the stock is currently owned by institutional investors.
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. The company was incorporated in 1956 and is based in Dallas, Texas.
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