StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Free Report) in a research report sent to investors on Saturday. The firm issued a hold rating on the energy company’s stock.
Separately, TheStreet downgraded shares of Marine Petroleum Trust from a b- rating to a c+ rating in a report on Wednesday, February 14th.
Get Our Latest Report on Marine Petroleum Trust
Marine Petroleum Trust Trading Up 0.4 %
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The energy company reported $0.10 earnings per share for the quarter. The firm had revenue of $0.26 million for the quarter. Marine Petroleum Trust had a net margin of 76.23% and a return on equity of 93.01%.
Marine Petroleum Trust Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a $0.102 dividend. This represents a $0.41 dividend on an annualized basis and a dividend yield of 9.68%. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, February 28th. Marine Petroleum Trust’s payout ratio is presently 91.11%.
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.
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