Marine Petroleum Trust (NASDAQ:MARPS) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a research report report published on Wednesday. The firm issued a hold rating on the energy company’s stock.

Marine Petroleum Trust Stock Performance

Marine Petroleum Trust stock opened at $4.39 on Wednesday. The stock’s 50 day simple moving average is $3.93 and its two-hundred day simple moving average is $3.98. The stock has a market cap of $8.78 million, a price-to-earnings ratio of 11.86 and a beta of 0.26. Marine Petroleum Trust has a fifty-two week low of $3.76 and a fifty-two week high of $6.50.

Marine Petroleum Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, November 29th were given a dividend of $0.1029 per share. The ex-dividend date of this dividend was Friday, November 29th. This is an increase from Marine Petroleum Trust’s previous quarterly dividend of $0.09. This represents a $0.41 dividend on an annualized basis and a yield of 9.38%. Marine Petroleum Trust’s dividend payout ratio is 110.81%.

Marine Petroleum Trust Company Profile

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.