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

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

Marine Petroleum Trust Price Performance

MARPS stock opened at $4.50 on Friday. The firm has a 50 day simple moving average of $4.03 and a two-hundred day simple moving average of $4.12. The stock has a market cap of $9 million, a PE ratio of 11.25 and a beta of 0.24. Marine Petroleum Trust has a one year low of $3.77 and a one year high of $6.50.

Marine Petroleum Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were paid a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.38 annualized dividend and a yield of 8.44%. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.06. Marine Petroleum Trust’s payout ratio is 95.00%.

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.