Marine Petroleum Trust (NASDAQ:MARPS) Stock Passes Above 50 Day Moving Average – Should You Sell?

Shares of Marine Petroleum Trust (NASDAQ:MARPS) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.33 and traded as high as $4.64. Marine Petroleum Trust shares last traded at $4.57, with a volume of 18,062 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Marine Petroleum Trust in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Marine Petroleum Trust currently has a consensus rating of “Sell”.

Marine Petroleum Trust Price Performance

The business’s 50 day simple moving average is $4.33 and its 200 day simple moving average is $4.52. The stock has a market cap of $9.14 million, a P/E ratio of 14.74 and a beta of 0.28.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its earnings results on Thursday, November 13th. The energy company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $0.22 million during the quarter. Marine Petroleum Trust had a return on equity of 67.66% and a net margin of 64.77%.

Marine Petroleum Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, November 28th were paid a $0.0491 dividend. This represents a $0.20 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, November 28th. Marine Petroleum Trust’s payout ratio is currently 64.52%.

Institutional Investors Weigh In On Marine Petroleum Trust

An institutional investor recently bought a new position in Marine Petroleum Trust stock. Azzad Asset Management Inc. ADV purchased a new stake in Marine Petroleum Trust (NASDAQ:MARPS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 24,600 shares of the energy company’s stock, valued at approximately $102,000. Azzad Asset Management Inc. ADV owned approximately 1.23% of Marine Petroleum Trust as of its most recent SEC filing. 1.76% of the stock is currently owned by hedge funds and other institutional investors.

Marine Petroleum Trust Company Profile

Marine Petroleum Trust is a royalty trust that holds overriding royalty interests in petroleum and natural gas production assets on Alaska’s North Slope. Established in 1998, the trust’s primary asset is its net profits interest in the Nikaitchuq Unit, a large oil field operated under state and federal leases. Rather than engaging in exploration or production itself, Marine Petroleum Trust receives income in the form of royalties and net profits from production activities carried out by the unit operator.

The trust’s revenues are generated solely by hydrocarbons extracted from the Nikaitchuq field, with crude oil transported via the Trans-Alaska Pipeline System.