Marine Petroleum Trust (NASDAQ:MARPS) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a research note released on Friday morning. The firm issued a hold rating on the energy company’s stock.

Marine Petroleum Trust Trading Down 1.7 %

MARPS opened at $3.97 on Friday. The firm’s fifty day moving average price is $4.07 and its two-hundred day moving average price is $4.03. Marine Petroleum Trust has a fifty-two week low of $3.77 and a fifty-two week high of $6.50.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its earnings results on Monday, September 30th. The energy company reported $0.09 EPS for the quarter. Marine Petroleum Trust had a return on equity of 74.22% and a net margin of 68.94%. The business had revenue of $0.23 million during the quarter.

Marine Petroleum Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, November 29th will be paid a $0.1029 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.41 dividend on an annualized basis and a yield of 10.37%. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.09. Marine Petroleum Trust’s payout ratio is currently 102.70%.

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.