Marine Petroleum Trust (NASDAQ:MARPS) Short Interest Update

Marine Petroleum Trust (NASDAQ:MARPS) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 4,771 shares, a decline of 40.3% from the July 15th total of 7,986 shares. Based on an average daily trading volume, of 5,620 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Marine Petroleum Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Marine Petroleum Trust currently has a consensus rating of “Hold”.

Marine Petroleum Trust Price Performance

Shares of MARPS stock traded up $0.02 during trading on Wednesday, reaching $4.77. The company’s stock had a trading volume of 341 shares, compared to its average volume of 39,099. Marine Petroleum Trust has a 1-year low of $4.05 and a 1-year high of $6.49. The stock’s 50-day moving average price is $4.70 and its 200 day moving average price is $4.89. The company has a market capitalization of $9.54 million, a price-to-earnings ratio of 14.91 and a beta of 0.39.

Institutional Trading of Marine Petroleum Trust

A hedge fund recently bought a new position in Marine Petroleum Trust stock. Welch Group LLC acquired a new position in shares of Marine Petroleum Trust (NASDAQ:MARPS) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,956 shares of the energy company’s stock, valued at approximately $85,000. Welch Group LLC owned approximately 0.80% of Marine Petroleum Trust as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 1.76% of the company’s stock.

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.