Marine Petroleum Trust (NASDAQ:MARPS) Short Interest Update

Marine Petroleum Trust (NASDAQ:MARPS) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 26,165 shares, a growth of 81.0% from the December 31st total of 14,456 shares. Based on an average trading volume of 55,269 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.3% of the company’s shares are sold short. Currently, 1.3% of the company’s shares are sold short. Based on an average trading volume of 55,269 shares, the days-to-cover ratio is currently 0.5 days.

Marine Petroleum Trust Stock Performance

Marine Petroleum Trust stock traded down $0.17 during mid-day trading on Friday, reaching $4.62. 8,398 shares of the company were exchanged, compared to its average volume of 43,232. The firm has a market cap of $9.24 million, a PE ratio of 14.90 and a beta of 0.28. The firm’s 50-day simple moving average is $4.36 and its two-hundred day simple moving average is $4.52. Marine Petroleum Trust has a twelve month low of $3.34 and a twelve month high of $7.90.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings data on Thursday, November 13th. The energy company reported $0.07 earnings per share for the quarter. The firm had revenue of $0.22 million for the quarter. Marine Petroleum Trust had a return on equity of 67.66% and a net margin of 64.77%.

Marine Petroleum Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, November 28th were paid a dividend of $0.0491 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.3%. Marine Petroleum Trust’s dividend payout ratio is currently 61.29%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Marine Petroleum Trust in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Trading of Marine Petroleum Trust

A hedge fund recently bought a new stake in Marine Petroleum Trust stock. Azzad Asset Management Inc. ADV purchased a new position in shares of Marine Petroleum Trust (NASDAQ:MARPS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 24,600 shares of the energy company’s stock, valued at approximately $102,000. Azzad Asset Management Inc. ADV owned approximately 1.23% 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 is a royalty trust that holds overriding royalty interests in petroleum and natural gas production assets on Alaska’s North Slope. Established in 1998, the trust’s primary asset is its net profits interest in the Nikaitchuq Unit, a large oil field operated under state and federal leases. Rather than engaging in exploration or production itself, Marine Petroleum Trust receives income in the form of royalties and net profits from production activities carried out by the unit operator.

The trust’s revenues are generated solely by hydrocarbons extracted from the Nikaitchuq field, with crude oil transported via the Trans-Alaska Pipeline System.