Short Interest in Marine Petroleum Trust (NASDAQ:MARPS) Decreases By 17.1%

Marine Petroleum Trust (NASDAQ:MARPS) was the target of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 2,900 shares, a decline of 17.1% from the October 15th total of 3,500 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 17,700 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

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

Marine Petroleum Trust Trading Up 2.6 %

NASDAQ:MARPS opened at $3.95 on Friday. The business’s 50-day simple moving average is $4.06 and its 200-day simple moving average is $4.04. Marine Petroleum Trust has a fifty-two week low of $3.77 and a fifty-two week high of $6.50.

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

Marine Petroleum Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 9.62%. This is a boost from Marine Petroleum Trust’s previous quarterly dividend of $0.06. Marine Petroleum Trust’s dividend payout ratio is currently 102.70%.

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.