Marine Petroleum Trust (NASDAQ:MARPS) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Marine Petroleum Trust (NASDAQ:MARPS)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.80 and traded as low as $4.70. Marine Petroleum Trust shares last traded at $4.7950, with a volume of 21,629 shares trading hands.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Weiss Ratings lowered Marine Petroleum Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. Wall Street Zen upgraded shares of Marine Petroleum Trust to a “hold” rating in a research note on Saturday, March 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Marine Petroleum Trust Price Performance

The company has a market capitalization of $9.59 million, a P/E ratio of 14.98 and a beta of 0.38. The stock’s fifty day simple moving average is $4.76 and its 200-day simple moving average is $4.80.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its quarterly earnings results on Thursday, May 14th. The energy company reported $0.07 EPS for the quarter. Marine Petroleum Trust had a return on equity of 66.30% and a net margin of 65.28%.The company had revenue of $0.23 million during the quarter.

Marine Petroleum Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Friday, May 29th were paid a $0.0965 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date was Friday, May 29th. Marine Petroleum Trust’s dividend payout ratio is presently 121.88%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Marine Petroleum Trust stock. Welch Group LLC bought a new position in shares of Marine Petroleum Trust (NASDAQ:MARPS) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 15,956 shares of the energy company’s stock, valued at approximately $85,000. Welch Group LLC owned 0.80% of Marine Petroleum Trust at the end of the most recent reporting period. 1.76% of the stock is owned by institutional investors.

Marine Petroleum Trust Company Profile

Marine Petroleum Trust is a royalty trust that holds overriding royalty interests in petroleum and natural gas production assets on Alaska’s North Slope. Established in 1998, the trust’s primary asset is its net profits interest in the Nikaitchuq Unit, a large oil field operated under state and federal leases. Rather than engaging in exploration or production itself, Marine Petroleum Trust receives income in the form of royalties and net profits from production activities carried out by the unit operator.

The trust’s revenues are generated solely by hydrocarbons extracted from the Nikaitchuq field, with crude oil transported via the Trans-Alaska Pipeline System.