Marine Petroleum Trust (NASDAQ:MARPS) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Marine Petroleum Trust (NASDAQ:MARPS)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.87 and traded as high as $4.92. Marine Petroleum Trust shares last traded at $4.81, with a volume of 8,000 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Marine Petroleum Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Marine Petroleum Trust Stock Down 1.2%

The business’s 50-day simple moving average is $4.70 and its 200 day simple moving average is $4.87. The firm has a market capitalization of $9.62 million, a P/E ratio of 15.03 and a beta of 0.39.

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

Marine Petroleum Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Friday, May 29th were paid a $0.0965 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.39 annualized dividend and a yield of 8.0%. Marine Petroleum Trust’s payout ratio is currently 121.88%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Marine Petroleum Trust stock. Welch Group LLC bought a new stake in Marine Petroleum Trust (NASDAQ:MARPS) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 15,956 shares of the energy company’s stock, valued at approximately $85,000. Welch Group LLC owned about 0.80% of Marine Petroleum Trust at the end of the most recent quarter. 1.76% of the stock is currently owned by institutional investors.

About Marine Petroleum Trust

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.