Marine Petroleum Trust (NASDAQ:MARPS) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Marine Petroleum Trust (NASDAQ:MARPS) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.87 and traded as high as $4.92. Marine Petroleum Trust shares last traded at $4.81, with a volume of 8,000 shares trading hands.

Wall Street Analyst Weigh In

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

Marine Petroleum Trust Price Performance

The stock has a market capitalization of $9.62 million, a price-to-earnings ratio of 15.03 and a beta of 0.39. The firm’s fifty day moving average is $4.70 and its 200-day moving average is $4.87.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings data on Thursday, May 14th. The energy company reported $0.07 earnings per share for the quarter. Marine Petroleum Trust had a net margin of 65.28% and a return on equity of 66.30%. The company had revenue of $0.23 million during the quarter.

Marine Petroleum Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Friday, May 29th were paid a $0.0965 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date was Friday, May 29th. Marine Petroleum Trust’s dividend payout ratio (DPR) is presently 121.88%.

Institutional Trading of Marine Petroleum Trust

An institutional investor recently bought a new position in Marine Petroleum Trust stock. Welch Group LLC purchased a new position in Marine Petroleum Trust (NASDAQ:MARPS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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. Hedge funds and other 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.