Marine Petroleum Trust (NASDAQ:MARPS) Stock Crosses Below 200-Day Moving Average of $4.54

Marine Petroleum Trust (NASDAQ:MARPS)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.54 and traded as low as $3.90. Marine Petroleum Trust shares last traded at $4.10, with a volume of 39,924 shares.

Analyst Upgrades and Downgrades

MARPS has been the subject of a number of analyst reports. StockNews.com initiated coverage on Marine Petroleum Trust in a research report on Friday. They issued a “hold” rating for the company. TheStreet cut Marine Petroleum Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, February 14th.

Marine Petroleum Trust Trading Up 3.9 %

The firm has a market cap of $8.52 million, a price-to-earnings ratio of 9.47 and a beta of 0.15. The firm has a 50-day moving average of $4.31 and a two-hundred day moving average of $4.53.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its quarterly earnings results on Wednesday, February 14th. The energy company reported $0.10 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a return on equity of 93.01% and a net margin of 76.23%. The firm had revenue of $0.26 million for the quarter.

Marine Petroleum Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were paid a dividend of $0.102 per share. This represents a $0.41 annualized dividend and a yield of 9.58%. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.08. The ex-dividend date was Wednesday, February 28th. Marine Petroleum Trust’s payout ratio is currently 91.11%.

Institutional Investors Weigh In On Marine Petroleum Trust

A hedge fund recently bought a new stake in Marine Petroleum Trust stock. BNP Paribas Arbitrage SA acquired a new stake in Marine Petroleum Trust (NASDAQ:MARPS) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 36,069 shares of the energy company’s stock, valued at approximately $289,000. BNP Paribas Arbitrage SA owned 1.80% of Marine Petroleum Trust at the end of the most recent quarter. Institutional investors own 1.76% of the company’s stock.

About Marine Petroleum Trust

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.