Marine Petroleum Trust (NASDAQ:MARPS) Earns Hold Rating from Analysts at StockNews.com

Posted by Anthony Miller on Jan 27th, 2025

StockNews.com initiated coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Free Report) in a research report released on Friday morning. The brokerage issued a hold rating on the energy company’s stock.

Marine Petroleum Trust Price Performance

Marine Petroleum Trust stock opened at $4.14 on Friday. The company’s 50 day moving average price is $4.01 and its two-hundred day moving average price is $4.02. Marine Petroleum Trust has a 52 week low of $3.76 and a 52 week high of $6.50.

Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The energy company reported $0.12 EPS for the quarter. Marine Petroleum Trust had a net margin of 68.94% and a return on equity of 74.22%. The company had revenue of $0.30 million for the quarter.

Marine Petroleum Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, November 29th were issued a dividend of $0.1029 per share. This represents a $0.41 dividend on an annualized basis and a yield of 9.95%. The ex-dividend date of this dividend was Friday, November 29th. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.09. Marine Petroleum Trust’s dividend payout ratio is 110.81%.

About Marine Petroleum Trust

(Get Free Report)

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.