Marine Petroleum Trust (NASDAQ:MARPS) Short Interest Down 17.1% in October

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

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Marine Petroleum Trust in a research note on Wednesday. They issued a “hold” rating for the company.

Marine Petroleum Trust Stock Performance

Shares of Marine Petroleum Trust stock traded up $0.10 on Friday, hitting $3.95. The company’s stock had a trading volume of 3,116 shares, compared to its average volume of 13,430. The company has a market capitalization of $7.82 million, a price-to-earnings ratio of 10.49 and a beta of 0.24. The firm has a fifty day moving average price of $4.06 and a 200-day moving average price of $4.05. Marine Petroleum Trust has a 1 year low of $3.77 and a 1 year high of $6.50.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its earnings results on Monday, September 30th. The energy company reported $0.09 EPS for the quarter. The business had revenue of $0.23 million during 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 declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were given a dividend of $0.095 per share. The ex-dividend date was Friday, August 30th. This is a boost from Marine Petroleum Trust’s previous quarterly dividend of $0.06. This represents a $0.38 dividend on an annualized basis and a dividend yield of 9.62%. Marine Petroleum Trust’s dividend payout ratio (DPR) 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.