Marine Petroleum Trust (NASDAQ:MARPS) Share Price Crosses Below 200 Day Moving Average of $4.54

Marine Petroleum Trust (NASDAQ:MARPS) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.54 and traded as low as $3.90. Marine Petroleum Trust shares last traded at $4.10, with a volume of 39,924 shares changing hands.

Analyst Ratings Changes

Several analysts have recently commented on the company. TheStreet lowered Marine Petroleum Trust from a “b-” rating to a “c+” rating in a report on Wednesday, February 14th. StockNews.com assumed coverage on Marine Petroleum Trust in a report on Friday. They set a “hold” rating for the company.

Marine Petroleum Trust Trading Down 7.0 %

The stock has a market capitalization of $8.20 million, a price-to-earnings ratio of 9.11 and a beta of 0.15. The stock has a 50-day moving average price of $4.31 and a 200 day moving average price of $4.54.

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

Marine Petroleum Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a dividend of $0.102 per share. The ex-dividend date was Wednesday, February 28th. This is a boost from Marine Petroleum Trust’s previous quarterly dividend of $0.08. This represents a $0.41 dividend on an annualized basis and a dividend yield of 9.95%. Marine Petroleum Trust’s dividend payout ratio (DPR) is 91.11%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Marine Petroleum Trust stock. BNP Paribas Arbitrage SA purchased a new stake in Marine Petroleum Trust (NASDAQ:MARPS) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 36,069 shares of the energy company’s stock, valued at approximately $289,000. BNP Paribas Arbitrage SA owned approximately 1.80% of Marine Petroleum Trust at the end of the most recent quarter. 1.76% of the stock is owned by institutional investors.

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.