Marine Petroleum Trust (NASDAQ:MARPS) Short Interest Update

Marine Petroleum Trust (NASDAQ:MARPS) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 3,800 shares, an increase of 660.0% from the December 31st total of 500 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 9,200 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Marine Petroleum Trust in a report on Friday. They set a “hold” rating for the company.

Marine Petroleum Trust Stock Down 0.5 %

Shares of Marine Petroleum Trust stock traded down $0.02 during trading on Tuesday, reaching $4.02. The company’s stock had a trading volume of 13,784 shares, compared to its average volume of 23,381. The business’s 50-day moving average price is $4.02 and its 200-day moving average price is $4.02. Marine Petroleum Trust has a 52 week low of $3.76 and a 52 week high of $6.50. The firm has a market cap of $8.04 million, a PE ratio of 10.86 and a beta of 0.26.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its earnings results on Tuesday, November 12th. The energy company reported $0.12 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a net margin of 68.94% and a return on equity of 74.22%. The firm had revenue of $0.30 million for the quarter.

Marine Petroleum Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, November 29th were given a dividend of $0.1029 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 10.24%. This is an increase from Marine Petroleum Trust’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, November 29th. Marine Petroleum Trust’s dividend payout ratio is presently 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.