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

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

Marine Petroleum Trust Stock Up 4.4 %

Shares of MARPS opened at $4.02 on Friday. The business has a 50-day simple moving average of $4.01 and a two-hundred day simple moving average of $4.02. The stock has a market cap of $8.04 million, a price-to-earnings ratio of 10.86 and a beta of 0.26. Marine Petroleum Trust has a 52 week low of $3.76 and a 52 week high of $6.50.

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

Marine Petroleum Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, November 29th were given a dividend of $0.1029 per share. The ex-dividend date was Friday, November 29th. This represents a $0.41 annualized dividend and a dividend yield of 10.24%. This is a boost from Marine Petroleum Trust’s previous quarterly dividend of $0.09. Marine Petroleum Trust’s dividend payout ratio (DPR) is currently 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.