Marine Petroleum Trust (NASDAQ:MARPS) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Marine Petroleum Trust (NASDAQ:MARPS)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.52 and traded as low as $4.47. Marine Petroleum Trust shares last traded at $4.51, with a volume of 6,053 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Marine Petroleum Trust from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Marine Petroleum Trust Stock Performance

The stock has a fifty day simple moving average of $4.47 and a 200-day simple moving average of $4.52. The stock has a market cap of $9.02 million, a P/E ratio of 12.19 and a beta of 0.40.

Marine Petroleum Trust (NASDAQ:MARPS) last released its earnings results on Thursday, February 12th. The energy company reported $0.10 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a return on equity of 77.05% and a net margin of 68.98%.The business had revenue of $0.27 million for the quarter.

Marine Petroleum Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, February 27th will be given a dividend of $0.1016 per share. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.05. This represents a $0.41 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date of this dividend is Friday, February 27th. Marine Petroleum Trust’s payout ratio is 54.05%.

Institutional Trading of Marine Petroleum Trust

An institutional investor recently bought a new position in Marine Petroleum Trust stock. Azzad Asset Management Inc. ADV acquired a new position in shares of Marine Petroleum Trust (NASDAQ:MARPS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.76% of the company’s stock.

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.