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:
- Sector: Oils/Energy
- Industry: Diversified Investments
- Sub-Industry: N/A
- Symbol: NASDAQ:MARPS
- CUSIP: N/A
- Web: www.marps-marine.com
- Market Cap: $8.14 million
- Outstanding Shares: 2,000,000
- 50 Day Moving Avg: $3.97
- 200 Day Moving Avg: $4.42
- 52 Week Range: $2.94 - $5.49
Sales & Book Value:
- Trailing P/E Ratio: 13.7473
- P/E Growth: 0.0000
- Annual Revenue: $798,246.00
- Price / Sales: 10.20
- Book Value: $0.46 per share
- Price / Book: 8.92
- Annual Dividend: $0.36
- Dividend Yield: 6.2%
- Net Margins: 76.09%
- Return on Equity: 72.62%
- Return on Assets: 72.62%
- Average Volume: 727 shs.
- Beta: 1.94
- Short Ratio: 0.06
Frequently Asked Questions for Marine Petroleum Trust (NASDAQ:MARPS)
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 declared a quarterly dividend on Monday, May 22nd. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.0957 per share on Wednesday, June 28th. This represents a $0.38 annualized dividend and a yield of 9.41%. The ex-dividend date of this dividend is Friday, May 26th. This is an increase from Marine Petroleum Trust's previous quarterly dividend of $0.05. View Marine Petroleum Trust's Dividend History.
Who are some of Marine Petroleum Trust's key competitors?
Some companies that are related to Marine Petroleum Trust include Superior Drilling Products (SDPI), Gevo (GEVO), Rentech (RTK), Real Goods Solar (RGSE), U.S. Energy Corp. (USEG), Triangle Petroleum (TPLM), Black Ridge Oil & Gas (ANFC), Atlas Resource Partners, L.P. (ARP), C&J Energy Services (CJES), Cardinal Energy Group (CEGX), Ceres (CERE), Clayton Williams Energy (CWEI), Columbia Pipeline Group (CPGX), Columbia Pipeline Partners LP (CPPL), Extraction Oil & Gas (XOG), Forbes Energy Services (FES), Glori Energy Inc Com (GLRI) and GulfMark Offshore (GLF).
How do I buy Marine Petroleum Trust stock?
Shares of Marine Petroleum Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Marine Petroleum Trust stock cost?
One share of Marine Petroleum Trust stock can currently be purchased for approximately $4.07.
Consensus Ratings for Marine Petroleum Trust (NASDAQ:MARPS) (?) The ratings breakdown includes the most recent rating from each analyst that has rated the stock within the last twelve months. The ratings score is a calculation of the average number of sell, hold, buy and strong buy ratings (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). The consensus price target is a mean average of the most recent price target set by each analyst that has set a price target for the stock in the last twelve months.
|Ratings Breakdown: ||No ratings tracked in the last 12 months.|
|Consensus Rating:||N/A (Score: NaN)|
|Consensus Price Target: ||N/A|
Analysts' Ratings History for Marine Petroleum Trust (NASDAQ:MARPS)
No equities research coverage for this company has been tracked by MarketBeat.com
Earnings History for Marine Petroleum Trust (NASDAQ:MARPS)
No earnings announcements for this company have been tracked by MarketBeat.com
Earnings Estimates for Marine Petroleum Trust (NASDAQ:MARPS)
No earnings estimates for this company have been tracked by MarketBeat.com
Current Dividend Information for Marine Petroleum Trust (NASDAQ:MARPS)
|Payout Ratio:||116.13% (Trailing 12 Months of Earnings) |
Dividend History by Quarter for Marine Petroleum Trust (NASDAQ:MARPS)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Marine Petroleum Trust (NASDAQ:MARPS)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Marine Petroleum Trust (NASDAQ:MARPS)
Latest Headlines for Marine Petroleum Trust (NASDAQ:MARPS)
Marine Petroleum Trust (MARPS) Chart for Wednesday, May, 24, 2017