Marine Petroleum Trust (NASDAQ:MARPS) Share Price Crosses Below 200 Day Moving Average of $4.54

Marine Petroleum Trust (NASDAQ:MARPS) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.54 and traded as low as $3.90. Marine Petroleum Trust shares last traded at $4.10, with a volume of 39,924 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently issued reports on MARPS. TheStreet lowered Marine Petroleum Trust from a “b-” rating to a “c+” rating in a research report on Wednesday, February 14th. StockNews.com started coverage on Marine Petroleum Trust in a research note on Friday. They issued a “hold” rating on the stock.

Marine Petroleum Trust Trading Down 7.0 %

The company has a market cap of $8.20 million, a PE ratio of 9.11 and a beta of 0.15. The firm has a 50 day moving average of $4.31 and a two-hundred day moving average of $4.54.

Marine Petroleum Trust (NASDAQ:MARPS) last issued its earnings results on Wednesday, February 14th. The energy company reported $0.10 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 for the quarter.

Marine Petroleum Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were paid a $0.102 dividend. This is an increase 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 9.95%. The ex-dividend date was Wednesday, February 28th. Marine Petroleum Trust’s dividend payout ratio (DPR) is 91.11%.

Hedge Funds Weigh In On Marine Petroleum Trust

A hedge fund recently bought a new stake in Marine Petroleum Trust stock. BNP Paribas Arbitrage SA bought a new position in Marine Petroleum Trust (NASDAQ:MARPS) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 36,069 shares of the energy company’s stock, valued at approximately $289,000. BNP Paribas Arbitrage SA owned 1.80% of Marine Petroleum Trust as of its most recent filing with the SEC. 1.76% of the stock is currently owned by institutional investors.

About Marine Petroleum Trust

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.