Marine Petroleum Trust (NASDAQ:MARPS) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Marine Petroleum Trust (NASDAQ:MARPS) in a research note released on Saturday morning. The firm issued a hold rating on the energy company’s stock.

Marine Petroleum Trust Price Performance

Marine Petroleum Trust stock opened at $4.15 on Friday. Marine Petroleum Trust has a fifty-two week low of $3.77 and a fifty-two week high of $6.50. The firm has a market capitalization of $8.30 million, a PE ratio of 10.38 and a beta of 0.24. The company’s 50-day moving average is $4.06 and its 200-day moving average is $4.12.

Marine Petroleum Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were issued a dividend of $0.095 per share. This is a boost from Marine Petroleum Trust’s previous quarterly dividend of $0.06. This represents a $0.38 annualized dividend and a yield of 9.16%. The ex-dividend date was Friday, August 30th. Marine Petroleum Trust’s dividend payout ratio (DPR) is presently 95.00%.

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.