Marine Petroleum Trust (NASDAQ:MARPS) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a research report released on Sunday. The firm issued a hold rating on the energy company’s stock.

Marine Petroleum Trust Price Performance

Shares of Marine Petroleum Trust stock opened at $4.01 on Friday. The stock has a market capitalization of $8.02 million, a P/E ratio of 10.84 and a beta of 0.26. The business has a 50 day simple moving average of $4.02 and a two-hundred day simple moving average of $4.03. Marine Petroleum Trust has a 12 month low of $3.76 and a 12 month high of $6.50.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.12 EPS for the quarter. Marine Petroleum Trust had a return on equity of 74.22% and a net margin of 68.94%. The firm had revenue of $0.30 million during the quarter.

Marine Petroleum Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, November 29th were paid a $0.1029 dividend. This is an increase from Marine Petroleum Trust’s previous quarterly dividend of $0.09. This represents a $0.41 annualized dividend and a dividend yield of 10.26%. The ex-dividend date of this dividend was Friday, November 29th. Marine Petroleum Trust’s dividend payout ratio (DPR) is currently 110.81%.

Marine Petroleum Trust Company Profile

Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. It has overriding royalty interest in oil and natural gas leases in the Central and Western areas of the Gulf of Mexico off the coasts of Louisiana and Texas. Marine Petroleum Trust was founded in 1956 and is based in Dallas, Texas.