Marine Petroleum Trust (NASDAQ:MARPS) Sees Significant Decline in Short Interest

Marine Petroleum Trust (NASDAQ:MARPS) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 500 shares, a decline of 84.4% from the November 30th total of 3,200 shares. Based on an average daily trading volume, of 14,000 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Marine Petroleum Trust Stock Performance

Shares of MARPS traded up $0.12 during trading hours on Thursday, reaching $3.88. 1,455 shares of the company’s stock traded hands, compared to its average volume of 12,611. The firm’s 50 day simple moving average is $3.94 and its 200-day simple moving average is $3.97. Marine Petroleum Trust has a 12 month low of $3.76 and a 12 month high of $6.50.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings data on Monday, September 30th. The energy company reported $0.09 EPS for the quarter. The firm had revenue of $0.23 million for the quarter. Marine Petroleum Trust had a return on equity of 74.22% and a net margin of 68.94%.

Marine Petroleum Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.1029 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 10.61%. The ex-dividend date of this dividend is 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%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Marine Petroleum Trust in a research note on Monday. They issued a “hold” rating on the stock.

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.