Marine Petroleum Trust (NASDAQ:MARPS) Now Covered by StockNews.com

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

Marine Petroleum Trust Stock Down 0.8 %

Marine Petroleum Trust stock opened at $3.76 on Monday. Marine Petroleum Trust has a twelve month low of $3.76 and a twelve month high of $6.50. The stock’s fifty day simple moving average is $3.95 and its 200-day simple moving average is $3.97.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings data 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 business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, November 29th will be issued a $0.1029 dividend. This is a boost from Marine Petroleum Trust’s previous quarterly dividend of $0.09. The ex-dividend date is Friday, November 29th. This represents a $0.41 annualized dividend and a dividend yield of 10.95%. Marine Petroleum Trust’s dividend payout ratio is presently 110.81%.

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.