Marine Petroleum Trust (NASDAQ:MARPS) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Marine Petroleum Trust (NASDAQ:MARPS) shares crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $4.72 and traded as low as $4.25. Marine Petroleum Trust shares last traded at $4.2940, with a volume of 2,139 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Marine Petroleum Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, September 28th. One analyst has rated the stock with a Hold rating. According to MarketBeat, the stock currently has an average rating of “Hold”.

Marine Petroleum Trust Price Performance

The stock has a market cap of $8.82 million, a price-to-earnings ratio of 12.97 and a beta of 0.37. The stock’s 50-day moving average is $4.46 and its 200-day moving average is $4.70.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its quarterly earnings results on Friday, September 25th. The energy company reported $0.10 earnings per share for the quarter. The business had revenue of $0.26 million during the quarter. Marine Petroleum Trust had a return on equity of 69.15% and a net margin of 67.00%.

Marine Petroleum Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, August 31st were given a $0.0954 dividend. This represents a $0.38 annualized dividend and a yield of 8.7%. This is a drop from Marine Petroleum Trust’s previous quarterly dividend of $0.0965. The ex-dividend date of this dividend was Monday, August 31st. Marine Petroleum Trust’s dividend payout ratio (DPR) is currently 111.76%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Marine Petroleum Trust stock. Welch Group LLC bought a new position in shares of Marine Petroleum Trust (NASDAQ:MARPS) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 quarter. Hedge funds and other institutional investors own 1.76% of the company’s stock.

Marine Petroleum Trust Company Profile

Marine Petroleum Trust is a grantor trust that owns royalty interests in oil and natural gas properties located in the Gulf of Mexico, primarily offshore Louisiana. The trust does not explore for, develop, or operate oil and gas properties itself. Instead, it receives royalty payments based on production from properties operated by third-party lessees.

The trust’s income is derived from its interests in offshore wells and is generally distributed to its beneficial owners after the payment of trust expenses and other obligations.