Marine Petroleum Trust (NASDAQ:MARPS) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Marine Petroleum Trust (NASDAQ:MARPS) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.80 and traded as low as $4.70. Marine Petroleum Trust shares last traded at $4.7950, with a volume of 21,629 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings lowered Marine Petroleum Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 2nd. Wall Street Zen upgraded Marine Petroleum Trust to a “hold” rating in a research report on Saturday, March 21st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Marine Petroleum Trust currently has an average rating of “Hold”.

Marine Petroleum Trust Price Performance

The firm’s 50-day moving average price is $4.75 and its 200-day moving average price is $4.80. The stock has a market cap of $9.35 million, a P/E ratio of 14.61 and a beta of 0.38.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its earnings results on Thursday, May 14th. The energy company reported $0.07 earnings per share for the quarter. The company had revenue of $0.23 million during the quarter. Marine Petroleum Trust had a net margin of 65.28% and a return on equity of 66.30%.

Marine Petroleum Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Friday, May 29th were given a dividend of $0.0965 per share. The ex-dividend date was Friday, May 29th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 8.3%. Marine Petroleum Trust’s dividend payout ratio (DPR) is presently 118.75%.

Institutional Investors Weigh In On Marine Petroleum Trust

A hedge fund recently bought a new stake in Marine Petroleum Trust stock. Azzad Asset Management Inc. ADV purchased a new stake in shares of Marine Petroleum Trust (NASDAQ:MARPS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period. 1.76% of the stock is currently owned by hedge funds and other institutional investors.

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.