Marine Petroleum Trust (NASDAQ:MARPS) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Marine Petroleum Trust (NASDAQ:MARPS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.68 and traded as low as $4.55. Marine Petroleum Trust shares last traded at $4.71, with a volume of 26,504 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MARPS shares. Wall Street Zen raised shares of Marine Petroleum Trust to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings upgraded shares of Marine Petroleum Trust from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Marine Petroleum Trust Trading Down 3.9%

The firm’s 50 day simple moving average is $5.07 and its 200-day simple moving average is $4.68. The company has a market capitalization of $9.42 million, a price-to-earnings ratio of 12.73 and a beta of 0.37.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its quarterly earnings results on Thursday, February 12th. The energy company reported $0.10 EPS for the quarter. The business had revenue of $0.27 million during the quarter. Marine Petroleum Trust had a return on equity of 77.05% and a net margin of 68.98%.

Marine Petroleum Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, February 27th were issued a $0.1016 dividend. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.05. The ex-dividend date was Friday, February 27th. This represents a $0.41 dividend on an annualized basis and a yield of 8.6%. Marine Petroleum Trust’s payout ratio is currently 110.81%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Marine Petroleum Trust stock. Azzad Asset Management Inc. ADV bought a new position in shares of Marine Petroleum Trust (NASDAQ:MARPS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 filing with the Securities and Exchange Commission. 1.76% of the stock is owned by institutional investors and hedge funds.

About Marine Petroleum Trust

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.