Marine Petroleum Trust (NASDAQ:MARPS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Marine Petroleum Trust (NASDAQ:MARPS) to a hold rating in a research report report published on Saturday.

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

Marine Petroleum Trust Trading Down 2.8%

MARPS opened at $5.16 on Friday. Marine Petroleum Trust has a 1-year low of $3.34 and a 1-year high of $7.90. The company has a market cap of $10.32 million, a P/E ratio of 13.95 and a beta of 0.37. The company has a fifty day moving average price of $4.79 and a two-hundred day moving average price of $4.60.

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

Marine Petroleum Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.1016 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.41 dividend on an annualized basis and a yield of 7.9%. This is an increase from Marine Petroleum Trust’s previous quarterly dividend of $0.05. Marine Petroleum Trust’s dividend payout ratio is presently 110.81%.

Institutional Inflows and Outflows

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) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter. 1.76% of the stock is currently owned by institutional investors and hedge funds.

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.