Marine Petroleum Trust (NASDAQ:MARPS) Shares Shorted: Short Interest Down 54.4% in September

Marine Petroleum Trust (NASDAQ:MARPS) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 1,456 shares, a decrease of 54.4% from the September 15th total of 3,192 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,749 shares, the days-to-cover ratio is currently 0.3 days.

Marine Petroleum Trust Trading Up 1.1%

NASDAQ MARPS traded up $0.05 during trading on Tuesday, reaching $4.38. 4,851 shares of the company’s stock were exchanged, compared to its average volume of 33,013. Marine Petroleum Trust has a fifty-two week low of $4.04 and a fifty-two week high of $6.49. The firm has a market capitalization of $8.76 million, a PE ratio of 12.88 and a beta of 0.37. The company’s fifty day simple moving average is $4.53 and its 200-day simple moving average is $4.77.

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

Marine Petroleum Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Monday, August 31st were given a $0.0954 dividend. This is a decrease from Marine Petroleum Trust’s previous quarterly dividend of $0.0965. This represents a $0.38 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend was Monday, August 31st. Marine Petroleum Trust’s payout ratio is presently 111.76%.

Institutional Investors Weigh In On Marine Petroleum Trust

An institutional investor recently bought a new stake in Marine Petroleum Trust stock. Welch Group LLC acquired a new position in Marine Petroleum Trust (NASDAQ:MARPS) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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.

Wall Street Analyst Weigh In

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

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.