Marine Petroleum Trust

MARPS · NASDAQ

$4.30−$0.105 (−2.39%)TodayMarket closed ·
Prev close $4.40

About MARPS

Marine Petroleum Trust engages in the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of America. The company is headquartered in Dallas, Texas. The Trust and its subsidiary cannot engage in a trade or business. The Trust's wholly owned subsidiary, Marine Petroleum Corporation (MPC), holds title to interests in properties that are situated offshore of Louisiana. Ninety-eight percent of all oil, natural gas, and other mineral royalties collected by MPC, less the receiving and collection costs, are retained by and delivered to the Trust. MPC retains the remaining two percent of the overriding royalties along with other items of income and expense until the board of directors declares a dividend out of the corpus. MPC, like the Trust, is prohibited from engaging in a trade or business and only takes those actions that are necessary for the administration and liquidation of its properties. MPC and the Trust are focused on the purpose of administration and collection of royalties.

Employees
0
Headquarters
Dallas, Texas
Listed
Mar 17, 1980
Sector
Energy
Industry
Oil, Gas & Consumable Fuels

MARPS key statistics

Market cap
8.59M
Price-earnings ratio
13.33
Dividend yield
7.17%
Average volume
4.89K
Volume
2.14K
Open price
$4.35
High today
$4.34
Low today
$4.25
52 Week high
$6.49
52 Week low
$4.04

Marine Petroleum Trust (MARPS) at a glance

Marine Petroleum Trust (MARPS) last traded at $4.30, with a market cap of 8.59M, a price-to-earnings ratio of 13.33 and a dividend yield of 7.17%.

Today the stock has traded between $4.25 and $4.34. The current price is 1.1% above the day's low and 0.9% below its high.

Volume so far is 2.14K shares, below the average of 4.89K shares a day.

Over the past year Marine Petroleum Trust has ranged from $4.04 to $6.49, and now sits 10% of the way up that range.

MARPS news

  • Press releasePRNewswire

    MARINE PETROLEUM TRUST ANNOUNCES THIRD QUARTER CASH DISTRIBUTION

  • Press releasePRNewswire

    MARINE PETROLEUM TRUST ANNOUNCES SECOND QUARTER CASH DISTRIBUTION

  • 12 Energy Stocks Moving In Tuesday's After-Market Session

  • 12 Energy Stocks Moving In Thursday's After-Market Session

  • Press releasePRNewswire

    MARINE PETROLEUM TRUST ANNOUNCES FOURTH QUARTER CASH DISTRIBUTION

  • Press releasePRNewswire

    MARINE PETROLEUM TRUST ANNOUNCES THIRD QUARTER CASH DISTRIBUTION

  • Press releasePRNewswire

    MARINE PETROLEUM TRUST ANNOUNCES SECOND QUARTER CASH DISTRIBUTION

  • Press releasePRNewswire

    MARINE PETROLEUM TRUST ANNOUNCES FIRST QUARTER CASH DISTRIBUTION

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Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.