Marine Petroleum Trust (NASDAQ:MARPS) Short Interest Update

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

Marine Petroleum Trust Price Performance

Shares of MARPS traded up $0.12 during trading hours on Thursday, hitting $3.88. The company had a trading volume of 1,455 shares, compared to its average volume of 12,611. The firm has a fifty day moving average price of $3.94 and a 200-day moving average price of $3.97. Marine Petroleum Trust has a 52-week low of $3.76 and a 52-week high of $6.50.

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

Marine Petroleum Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.1029 per share. This is a boost from Marine Petroleum Trust’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.41 dividend on an annualized basis and a yield of 10.61%. Marine Petroleum Trust’s dividend payout ratio (DPR) is presently 110.81%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Marine Petroleum Trust in a report on Monday. They issued a “hold” rating for the company.

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.