Marine Petroleum Trust (NASDAQ:MARPS) Issues Earnings Results

Marine Petroleum Trust (NASDAQ:MARPS) announced its quarterly earnings results on Thursday. The energy company reported $0.04 earnings per share (EPS) for the quarter, Zacks reports. Marine Petroleum Trust had a return on equity of 74.22% and a net margin of 68.94%.

Marine Petroleum Trust Trading Up 1.6 %

Shares of NASDAQ MARPS traded up $0.07 during midday trading on Thursday, reaching $4.08. The company’s stock had a trading volume of 3,823 shares, compared to its average volume of 17,066. Marine Petroleum Trust has a fifty-two week low of $3.76 and a fifty-two week high of $6.50. The stock has a 50 day simple moving average of $4.02 and a 200-day simple moving average of $4.03. The stock has a market capitalization of $8.15 million, a price-to-earnings ratio of 11.01 and a beta of 0.26.

Marine Petroleum Trust Increases Dividend

The company also recently declared 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 represents a $0.41 dividend on an annualized basis and a yield of 10.10%. This is an increase from Marine Petroleum Trust’s previous quarterly dividend of $0.09. Marine Petroleum Trust’s dividend payout ratio is 110.81%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Marine Petroleum Trust in a research report on Sunday. They set a “hold” rating for the company.

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.