Marine Petroleum Trust (NASDAQ:MARPS) Short Interest Update

Marine Petroleum Trust (NASDAQ:MARPS) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 5,649 shares, a growth of 116.0% from the June 15th total of 2,615 shares. Based on an average trading volume of 8,611 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the shares of the company are sold short.

Marine Petroleum Trust Price Performance

Shares of NASDAQ MARPS traded up $0.05 during midday trading on Wednesday, hitting $4.91. 9,176 shares of the company’s stock were exchanged, compared to its average volume of 45,609. Marine Petroleum Trust has a twelve month low of $4.05 and a twelve month high of $6.49. The firm has a market cap of $9.82 million, a P/E ratio of 15.34 and a beta of 0.38. The stock’s 50 day moving average price is $4.74 and its 200-day moving average price is $4.81.

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

Marine Petroleum Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Friday, May 29th were issued a $0.0965 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date was Friday, May 29th. Marine Petroleum Trust’s payout ratio is presently 121.88%.

Wall Street Analysts Forecast Growth

MARPS has been the topic of a number of research reports. Wall Street Zen upgraded Marine Petroleum Trust to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings downgraded Marine Petroleum Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Institutional Trading of Marine Petroleum Trust

An institutional investor recently bought a new position in Marine Petroleum Trust stock. Azzad Asset Management Inc. ADV bought a new position in shares of Marine Petroleum Trust (NASDAQ:MARPS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 24,600 shares of the energy company’s stock, valued at approximately $102,000. Azzad Asset Management Inc. ADV owned about 1.23% of Marine Petroleum Trust at the end of the most recent reporting period. 1.76% of the stock is owned by institutional investors and hedge funds.

Marine Petroleum Trust Company Profile

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.