StockNews.com Initiates Coverage on Marine Petroleum Trust (NASDAQ:MARPS)

StockNews.com initiated coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a research report sent to investors on Sunday. The brokerage issued a hold rating on the energy company’s stock.

Marine Petroleum Trust Stock Performance

NASDAQ:MARPS opened at $3.81 on Friday. The firm’s fifty day moving average is $3.98 and its two-hundred day moving average is $3.99. The firm has a market cap of $7.62 million, a price-to-earnings ratio of 10.30 and a beta of 0.25. Marine Petroleum Trust has a one year low of $3.77 and a one year high of $6.50.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its earnings results on Monday, September 30th. The energy company reported $0.09 earnings per share 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 $0.23 million during the quarter.

Marine Petroleum Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, November 29th will be issued 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 yield of 10.80%. The ex-dividend date is Friday, November 29th. Marine Petroleum Trust’s dividend payout ratio (DPR) is presently 110.81%.

About Marine Petroleum Trust

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.