Marine Petroleum Trust (NASDAQ:MARPS) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a research report report published on Monday. The brokerage issued a hold rating on the energy company’s stock.

Marine Petroleum Trust Stock Performance

Shares of MARPS stock opened at $3.76 on Monday. Marine Petroleum Trust has a 12 month low of $3.76 and a 12 month high of $6.50. The stock has a 50 day moving average of $3.94 and a two-hundred day moving average of $3.97.

Marine Petroleum Trust (NASDAQ:MARPS) last released its quarterly earnings data on Monday, September 30th. The energy company reported $0.09 EPS for the quarter. The company had revenue of $0.23 million during the quarter. Marine Petroleum Trust had a net margin of 68.94% and a return on equity of 74.22%.

Marine Petroleum Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, November 29th will be paid a $0.1029 dividend. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.09. This represents a $0.41 annualized dividend and a dividend yield of 10.95%. The ex-dividend date is Friday, November 29th. Marine Petroleum Trust’s dividend payout ratio is currently 110.81%.

Marine Petroleum Trust Company Profile

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.