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

Marine Petroleum Trust (NASDAQ:MARPS)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.77 and traded as low as $4.46. Marine Petroleum Trust shares last traded at $4.69, with a volume of 39,252 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised Marine Petroleum Trust to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings lowered Marine Petroleum Trust from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Marine Petroleum Trust presently has a consensus rating of “Hold”.

Marine Petroleum Trust Trading Down 1.1%

The firm has a market capitalization of $9.28 million, a PE ratio of 14.50 and a beta of 0.37. The business has a 50-day moving average of $4.98 and a 200 day moving average of $4.77.

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

Marine Petroleum Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Friday, May 29th will be given a $0.0965 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Friday, May 29th. Marine Petroleum Trust’s dividend payout ratio is presently 121.88%.

Institutional Investors Weigh In On Marine Petroleum Trust

A hedge fund recently bought a new stake in Marine Petroleum Trust stock. Welch Group LLC purchased a new stake in Marine Petroleum Trust (NASDAQ:MARPS) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,956 shares of the energy company’s stock, valued at approximately $85,000. Welch Group LLC owned about 0.80% of Marine Petroleum Trust at the end of the most recent quarter. 1.76% of the stock is owned by hedge funds and other institutional investors.

About Marine Petroleum Trust

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.