Marine Petroleum Trust (NASDAQ:MARPS) Now Covered by Analysts at StockNews.com

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

Marine Petroleum Trust Stock Up 0.9 %

Shares of NASDAQ:MARPS opened at $4.14 on Friday. Marine Petroleum Trust has a 12-month low of $3.76 and a 12-month high of $6.50. The stock’s 50-day moving average price is $4.01 and its 200-day moving average price is $4.01.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its earnings results on Tuesday, November 12th. The energy company reported $0.12 earnings per share for the quarter. The firm had revenue of $0.30 million for 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 disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, November 29th were paid a $0.1029 dividend. This is an increase from Marine Petroleum Trust’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, November 29th. This represents a $0.41 dividend on an annualized basis and a yield of 9.95%. Marine Petroleum Trust’s payout ratio 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.