Marine Petroleum Trust (NASDAQ:MARPS) Sees Large Drop in Short Interest

Marine Petroleum Trust (NASDAQ:MARPS) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 8,364 shares, a decline of 58.5% from the April 15th total of 20,165 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 19,481 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Marine Petroleum Trust

An institutional investor recently bought a new position in Marine Petroleum Trust stock. Welch Group LLC acquired a new position in shares of Marine Petroleum Trust (NASDAQ:MARPS) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,956 shares of the energy company’s stock, valued at approximately $85,000. Welch Group LLC owned 0.80% of Marine Petroleum Trust as of its most recent SEC filing. Hedge funds and other institutional investors own 1.76% of the company’s stock.

Marine Petroleum Trust Price Performance

MARPS traded up $0.03 on Friday, hitting $5.00. 2,715 shares of the stock were exchanged, compared to its average volume of 14,054. Marine Petroleum Trust has a 12 month low of $3.70 and a 12 month high of $7.90. The business has a 50-day moving average of $5.15 and a two-hundred day moving average of $4.72. The firm has a market capitalization of $10 million, a price-to-earnings ratio of 15.63 and a beta of 0.38.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its quarterly earnings data on Thursday, May 14th. The energy company reported $0.07 earnings per share for the quarter. Marine Petroleum Trust had a net margin of 65.28% and a return on equity of 66.15%. The business had revenue of $0.23 million during the quarter.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MARPS. Wall Street Zen raised shares of Marine Petroleum Trust to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings raised shares of Marine Petroleum Trust from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

About Marine Petroleum Trust

Marine Petroleum Trust is a royalty trust that holds overriding royalty interests in petroleum and natural gas production assets on Alaska’s North Slope. Established in 1998, the trust’s primary asset is its net profits interest in the Nikaitchuq Unit, a large oil field operated under state and federal leases. Rather than engaging in exploration or production itself, Marine Petroleum Trust receives income in the form of royalties and net profits from production activities carried out by the unit operator.

The trust’s revenues are generated solely by hydrocarbons extracted from the Nikaitchuq field, with crude oil transported via the Trans-Alaska Pipeline System.