Marine Petroleum Trust (NASDAQ:MARPS) Research Coverage Started at StockNews.com

Posted by Doug Wharley on Feb 4th, 2025

StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS – Free Report) in a report issued on Saturday. The brokerage issued a hold rating on the energy company’s stock.

Marine Petroleum Trust Stock Up 4.4 %

Shares of MARPS stock opened at $4.02 on Friday. The business’s fifty day moving average is $4.01 and its 200 day moving average is $4.02. Marine Petroleum Trust has a twelve month low of $3.76 and a twelve month high of $6.50. The stock has a market cap of $8.04 million, a price-to-earnings ratio of 10.86 and a beta of 0.26.

Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last released its earnings results on Tuesday, November 12th. The energy company reported $0.12 EPS for the quarter. Marine Petroleum Trust had a return on equity of 74.22% and a net margin of 68.94%. The business had revenue of $0.30 million for the quarter.

Marine Petroleum Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, November 29th were issued a $0.1029 dividend. This represents a $0.41 annualized dividend and a yield of 10.24%. This is an increase from Marine Petroleum Trust’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, November 29th. Marine Petroleum Trust’s payout ratio is 110.81%.

Marine Petroleum Trust Company Profile

(Get Free Report)

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.