StockNews.com assumed coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Free Report) in a research note published on Tuesday. The firm issued a hold rating on the energy company’s stock.
Separately, TheStreet downgraded Marine Petroleum Trust from a b- rating to a c+ rating in a research note on Wednesday, February 14th.
Read Our Latest Research Report on MARPS
Marine Petroleum Trust Trading Down 1.9 %
Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The energy company reported $0.10 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a return on equity of 93.01% and a net margin of 76.23%. The business had revenue of $0.26 million during the quarter.
Marine Petroleum Trust Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a dividend of $0.102 per share. The ex-dividend date was Wednesday, February 28th. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.08. This represents a $0.41 dividend on an annualized basis and a dividend yield of 9.90%. Marine Petroleum Trust’s payout ratio is 91.11%.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Marine Petroleum Trust stock. BNP Paribas Arbitrage SA acquired a new position in shares of Marine Petroleum Trust (NASDAQ:MARPS – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 36,069 shares of the energy company’s stock, valued at approximately $289,000. BNP Paribas Arbitrage SA owned about 1.80% of Marine Petroleum Trust as of its most recent filing with the Securities and Exchange Commission. 1.76% of the stock is currently owned by institutional investors and hedge funds.
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.
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