Marine Petroleum Trust (NASDAQ:MARPS) Short Interest Update

Marine Petroleum Trust (NASDAQ:MARPS) was the recipient of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 8,947 shares, a decrease of 20.3% from the January 29th total of 11,221 shares. Based on an average trading volume of 43,670 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the company’s shares are sold short. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 43,670 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Marine Petroleum Trust from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Marine Petroleum Trust Trading Up 10.6%

NASDAQ MARPS opened at $5.11 on Monday. The stock has a market cap of $10.22 million, a P/E ratio of 13.81 and a beta of 0.37. The company’s fifty day simple moving average is $4.50 and its 200-day simple moving average is $4.53. Marine Petroleum Trust has a 52 week low of $3.34 and a 52 week high of $7.90.

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

Marine Petroleum Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be given a $0.1016 dividend. This represents a $0.41 annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Friday, February 27th. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.05. Marine Petroleum Trust’s payout ratio is 110.81%.

Hedge Funds 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 shares of Marine Petroleum Trust (NASDAQ:MARPS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,600 shares of the energy company’s stock, valued at approximately $102,000. Azzad Asset Management Inc. ADV owned 1.23% of Marine Petroleum Trust as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 1.76% of the company’s stock.

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.