Marine Petroleum Trust (NASDAQ:MARPS) Stock Breaks Below 200-Day Moving Average – Should You Sell?

Marine Petroleum Trust (NASDAQ:MARPS) crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $4.79 and traded as low as $4.15. Marine Petroleum Trust shares last traded at $4.25, with a volume of 4,573 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Marine Petroleum Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, September 28th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Marine Petroleum Trust Stock Down 0.5%

The stock has a fifty day moving average of $4.56 and a 200-day moving average of $4.79. The firm has a market capitalization of $8.52 million, a P/E ratio of 12.53 and a beta of 0.37.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its quarterly earnings results on Friday, September 25th. The energy company reported $0.10 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a net margin of 67.00% and a return on equity of 69.15%. The business had revenue of $0.26 million for the quarter.

Marine Petroleum Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Monday, August 31st were given a dividend of $0.0954 per share. The ex-dividend date was Monday, August 31st. This is a negative change from Marine Petroleum Trust’s previous quarterly dividend of $0.0965. This represents a $0.38 dividend on an annualized basis and a dividend yield of 9.0%. Marine Petroleum Trust’s dividend payout ratio (DPR) is currently 111.76%.

Institutional Trading of Marine Petroleum Trust

A hedge fund recently bought a new position in Marine Petroleum Trust stock. Welch Group LLC acquired a new position in shares of Marine Petroleum Trust (NASDAQ:MARPS) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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 and Exchange Commission. Institutional investors own 1.76% of the company’s stock.

About Marine Petroleum Trust

Marine Petroleum Trust is a grantor trust that owns royalty interests in oil and natural gas properties located in the Gulf of Mexico, primarily offshore Louisiana. The trust does not explore for, develop, or operate oil and gas properties itself. Instead, it receives royalty payments based on production from properties operated by third-party lessees.

The trust’s income is derived from its interests in offshore wells and is generally distributed to its beneficial owners after the payment of trust expenses and other obligations.