Marine Petroleum Trust (NASDAQ:MARPS) Sees Significant Drop in Short Interest

Marine Petroleum Trust (NASDAQ:MARPS) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 500 shares, a decrease of 84.4% from the November 30th total of 3,200 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 14,000 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Marine Petroleum Trust in a research note on Monday. They set a “hold” rating for the company.

Marine Petroleum Trust Trading Down 1.8 %

MARPS traded down $0.07 on Friday, hitting $3.81. The company had a trading volume of 4,791 shares, compared to its average volume of 12,579. The company’s fifty day moving average price is $3.94 and its 200 day moving average price is $3.97. Marine Petroleum Trust has a 1 year low of $3.76 and a 1 year high of $6.50. The firm has a market cap of $7.62 million, a P/E ratio of 10.30 and a beta of 0.25.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings results on Monday, September 30th. The energy company reported $0.09 earnings per share for the quarter. The business 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 company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, November 29th will be given a $0.1029 dividend. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.09. The ex-dividend date is Friday, November 29th. This represents a $0.41 dividend on an annualized basis and a yield of 10.80%. Marine Petroleum Trust’s 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.