Marine Petroleum Trust (NASDAQ:MARPS) Sees Significant Drop in Short Interest

Marine Petroleum Trust (NASDAQ:MARPS) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 2,900 shares, a decrease of 17.1% from the October 15th total of 3,500 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 17,700 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Marine Petroleum Trust in a research note on Wednesday. They issued a “hold” rating on the stock.

Marine Petroleum Trust Stock Performance

NASDAQ:MARPS traded up $0.10 during trading hours on Friday, hitting $3.95. The company’s stock had a trading volume of 3,116 shares, compared to its average volume of 13,430. Marine Petroleum Trust has a 52-week low of $3.77 and a 52-week high of $6.50. The business’s 50-day moving average is $4.06 and its two-hundred day moving average is $4.05. The company has a market capitalization of $7.82 million, a PE ratio of 10.49 and a beta of 0.24.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its quarterly earnings results on Monday, September 30th. The energy company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $0.23 million during the quarter. Marine Petroleum Trust had a net margin of 68.94% and a return on equity of 74.22%.

Marine Petroleum Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were given a $0.095 dividend. The ex-dividend date of this dividend was Friday, August 30th. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.06. This represents a $0.38 annualized dividend and a dividend yield of 9.62%. Marine Petroleum Trust’s payout ratio is currently 102.70%.

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.