Marine Petroleum Trust (the Trust) is a royalty trust. The Trust is engaged in the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of Mexico, under license agreements and amendments between the Trust's predecessors and Chevron Corporation (Chevron) and its assignees. The Trust distributes all income, after paying its liabilities and obligations, to the unit holders during the months of March, June, September and December each year. The Trust's subsidiary, Marine Petroleum Corporation (MPC), holds title to interests in properties subject to the Trust's interests that are situated offshore of Louisiana. MPC is engaged in the administration and collection of royalties. As of June 30, 2016, MPC held an overriding royalty interest equal to 0.75% of the value at the well of any oil, natural gas, or other minerals produced and sold from the leases. All aspects of MPC's operations are conducted by third parties.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Oil royalty traders
Sub-IndustryN/A
SectorOils/Energy
SymbolNASDAQ:MARPS
CUSIPN/A
Phone855-588-7839
Debt
Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A
Price-To-Earnings
Trailing P/E Ratio10.76
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$950,000.00
Price / Sales7.86
Cash Flow$0.3433 per share
Price / Cash10.88
Book Value$0.50 per share
Price / Book7.47
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$750,000.00
Net Margins80.02%
Return on Equity78.97%
Return on Assets78.97%
Miscellaneous
EmployeesN/A
Outstanding Shares2,000,000
Market Cap$8.18 million
Marine Petroleum Trust (NASDAQ:MARPS) Frequently Asked Questions
What is Marine Petroleum Trust's stock symbol?
Marine Petroleum Trust trades on the NASDAQ under the ticker symbol "MARPS."
How often does Marine Petroleum Trust pay dividends? What is the dividend yield for Marine Petroleum Trust?
Marine Petroleum Trust announced a quarterly dividend on Tuesday, August 21st. Shareholders of record on Friday, August 31st will be paid a dividend of $0.09 per share on Friday, September 28th. This represents a $0.36 annualized dividend and a yield of 9.64%. The ex-dividend date is Thursday, August 30th. View Marine Petroleum Trust's Dividend History.
When is Marine Petroleum Trust's next earnings date?
Who are some of Marine Petroleum Trust's key competitors?
How do I buy shares of Marine Petroleum Trust?
Shares of MARPS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Marine Petroleum Trust's stock price today?
One share of MARPS stock can currently be purchased for approximately $3.7350.
How big of a company is Marine Petroleum Trust?
Marine Petroleum Trust has a market capitalization of $8.18 million and generates $950,000.00 in revenue each year.
What is Marine Petroleum Trust's official website?
How can I contact Marine Petroleum Trust?
Marine Petroleum Trust's mailing address is SOUTHWEST BANK 2911 TURTLE CREEK BLVD. SUITE 850, DALLAS TX, 75219. The energy company can be reached via phone at 855-588-7839 or via email at [email protected]
MarketBeat Community Rating for Marine Petroleum Trust (NASDAQ MARPS)
MarketBeat's community ratings are surveys of what our community members think about Marine Petroleum Trust and other stocks. Vote "Outperform" if you believe MARPS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MARPS will underperform the S&P 500 over the long term. You may vote once every thirty days.
