Marine Petroleum Trust (NASDAQ:MARPS) Short Interest Update

Marine Petroleum Trust (NASDAQ:MARPS) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 34,148 shares, an increase of 274.1% from the February 26th total of 9,128 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 239,449 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 239,449 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.7% of the shares of the company are sold short.

Marine Petroleum Trust Stock Performance

Shares of Marine Petroleum Trust stock opened at $5.30 on Wednesday. Marine Petroleum Trust has a 52-week low of $3.34 and a 52-week high of $7.90. The stock has a market cap of $10.60 million, a PE ratio of 14.32 and a beta of 0.38. The firm has a 50-day moving average of $4.81 and a 200-day moving average of $4.60.

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

Marine Petroleum Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.1016 per share. This is a boost from Marine Petroleum Trust’s previous quarterly dividend of $0.05. The ex-dividend date is Friday, February 27th. This represents a $0.41 dividend on an annualized basis and a yield of 7.7%. Marine Petroleum Trust’s dividend payout ratio is 110.81%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wall Street Zen raised Marine Petroleum Trust to a “hold” rating in a research report on Saturday. Weiss Ratings raised Marine Petroleum Trust from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Trading of Marine Petroleum Trust

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) during the 4th quarter, according to its most recent Form 13F filing with the SEC. 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 SEC. 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.