Marine Petroleum Trust (MARPS) news stock charts
Marine Petroleum Trust (MARPS) Investment Summary:
Organization. Marine Petroleum Trust ("Marine") is a royalty trust that was created in 1956 under the laws of the State of Texas. Marine is not permitted to engage in any business activity because it was organized for the sole purpose of providing an efficient, orderly, and practical means for the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of Mexico, pursuant to license agreements and amendments thereto between Marine's predecessors and Gulf Oil Corporation ("Gulf"). As a result of various transactions that have occurred since 1956, the Gulf interests are now held by Chevron Corporation ("Chevron"), Elf Exploration, Inc. ("Elf"), and their assignees. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2003%2f09%2f29%2f0000950134-03-013071.html#FIS_BUSINESS"www.marps-marinepetroleumtrust.com
Founded in 1956
MARINE PETROLEUM TRUST (MARPS:NASDAQ)
LAST $18.68 USD
CHANGE TODAY +0.18 0.97%
VOLUME 1.4K
As of 8:10 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of MARINE PETROLEUM TRUST (MARPS)
|
OPEN
$18.43
|
PREVIOUS CLOSE
$18.50
|
|
|
DAY HIGH
$18.68
|
DAY LOW
$18.35
|
|
|
52 WEEK HIGH
02/23/10 - $19.05
|
52 WEEK LOW
11/10/09 - $14.00
|
|
|
MARKET CAP
37.4M
|
AVERAGE VOLUME 10 D
1.4K
|
|
|
EPS TTM
--
|
SHARES OUTSTANDING
2.0M
|
|
|
EX-DATE
02/24/10
|
P/E TTM
--
|
|
|
DIVIDEND
$1.29
|
DIVIDEND YIELD
6.17%
|
|
| K = Thousands M = Millions B = Billions | ||
Key developments for MARINE PETROLEUM TRUST (MARPS)
Marine Petroleum Trust Declares Increased Cash Distribution Payable on March 29, 2010
02/16/2010
Marine Petroleum Trust declared quarterly cash distribution to the holders of its units of beneficial interest of $0.323140 per unit payable on March 29, 2010, to unit holders of record on February 26, 2010. This distribution of $0.323140 per unit is slightly higher than the $0.322823 per unit distributed last quarter and is 7% higher than the $0.301562 per unit distributed in the comparable quarter in 2009.
Marine Petroleum Trust Announces Fourth Quarter Cash Distribution Payable on December 28, 2009
11/19/2009
Marine Petroleum Trust declared a fourth quarter cash distribution to the holders of its units of beneficial interest of $0.322823 per unit, payable on December 28, 2009, to unit holders of record on November 30, 2009. This distribution of $0.322823 per unit is higher than the $0.246003 per unit distributed last quarter and is lower than the $0.885216 per unit distributed in the comparable quarter in 2008. Over 73% of the royalties included in this distribution are from the net profits interest in the royalty properties located offshore Louisiana held by Marine Petroleum Corporation. This area was the most affected by Hurricanes Gustav and Ike. This distribution to be paid on December 28, 2009 will generally be based on production in July, August, September and October of 2009.
Marine Petroleum Trust Declares Cash Distribution for the Third Quarter of 2009, Payable on September 28, 2009
08/21/2009
Marine Petroleum Trust declared a quarterly cash distribution to the holders of its units of beneficial interest of $0.246003 per unit, payable on September 28, 2009, to unit holders of record on August 31, 2009. This distribution of $0.246003 per unit is 6% lower than the $0.261404 per unit distributed last quarter and is 68% lower than the $0.769788 per unit distributed in the comparable quarter in 2008.
Marine Petroleum Trust financial resources
MARPS Competitors
| Company | Last | Change | |
| No competitor information is available for MARPS. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | MARPS | Industry Range |
| Price/Earnings | 15.6x |
|
| Price/Sales | 25.4x |
|
| Price/Book | 33.3x |
|
| Price/Cash Flow | 15.6x |
|
| TEV/Sales | 24.6x |
|
|
MARPS |
||
|
More Recent Financial News About Marine Petroleum Trust
Marine Petroleum Trust Announces First Quarter Cash Distribution
2010-03-09 02:29:57
Quote:  In addition, the benefit realized in the current distribution by the increased production was offset by the decrease in prices realized for oil and natural gas.Over 70% of the royalties included in this distribution are from the net profits interest in the royalty properties located offshore Louisiana held by Marine Petroleum Corporation.  This distribution to be paid on March 29, 2010 will generally be based on royalties collected during the months of October, November and Dece...Read article
MARINE PETROLEUM TRUST Files SEC form 8-K, Regulation FD Disclosure
2010-02-22 05:39:38
Quote: Item 7.01 Regulation FD Disclosure.
On February 16, 2010, Marine Petroleum Trust issued a press release announcing
its quarterly cash distribution to unitholders. A copy of the press release is
furnished as Exhibit 99.1 to this Current Report on Form 8-K.
In accordance with General Instruction B.2. of Form 8-K, the information
contained herein shall not be incorporated by reference into any of our filings,
whether made before or after the date hereof, regardless of any general
incorporation la...Read article
Marine Petroleum Trust Announces First Quarter Cash Distribution
2010-02-17 07:00:13
Quote: Â In addition, the benefit realized in the current distribution by the increased production was offset by the decrease in prices realized for oil and natural gas.Over 70% of the royalties included in this distribution are from the net profits interest in the royalty properties located offshore Louisiana held by Marine Petroleum Corporation. Â This distribution to be paid on March 29, 2010 will generally be based on royalties collected during the months of October, November and December of 20...Read article
Marine Petroleum Trust Announces Fourth Quarter Cash Distribution
2010-02-10 03:14:35
Quote: MARPSNews;http://www.marps-marinepetroleumtrust.com/.This distribution of $0.322823 per unit is higher than the $0.246003 per unit distributed last quarter and is lower than the $0.885216 per unit distributed in the comparable quarter in 2008.Prices realized for oil and for natural gas are lower than this time last year.Royalties received from oil and natural gas are also down due to damage caused by Hurricanes Gustav and Ike, which hit the Gulf Coast in September 2008 and caused a disruption in...Read article
MARINE PETROLEUM TRUST Files SEC form 8-K, Regulation FD Disclosure
2009-11-30 02:10:28
Quote: Item 7.01 Regulation FD Disclosure.
On August 21, 2009, Marine Petroleum Trust issued a press release announcing its
quarterly cash distribution to unitholders. A copy of the press release is
furnished as Exhibit 99.1 to this Current Report on Form 8-K.
In accordance with General Instruction B.2. of Form 8-K, the information
contained herein shall not be incorporated by reference into any of our filings,
whether made before or after the date hereof, regardless of any general
incorporation lang...Read article
MARINE PETROLEUM TRUST Files SEC form 8-K, Regulation FD Disclosure
2009-11-30 02:10:28
Quote: Item 7.01 Regulation FD Disclosure.
On May 18, 2009, Marine Petroleum Trust issued a press release announcing its
quarterly cash distribution to unitholders. A copy of the press release is
furnished as Exhibit 99.1 to this Current Report on Form 8-K.
In accordance with General Instruction B.2. of Form 8-K, the information
contained herein shall not be incorporated by reference into any of our filings,
whether made before or after the date hereof, regardless of any general
incorporation languag...Read article
MARINE PETROLEUM TRUST Files SEC form 8-K, Regulation FD Disclosure
2009-11-30 02:10:28
Quote: Item 7.01 Regulation FD Disclosure.
On February 17, 2009, Marine Petroleum Trust issued a press release announcing
its quarterly cash distribution to unitholders. A copy of the press release is
furnished as Exhibit 99.1 to this Current Report on Form 8-K.
In accordance with General Instruction B.2. of Form 8-K, the information
contained herein shall not be incorporated by reference into any of our filings,
whether made before or after the date hereof, regardless of any general
incorporation la...Read article
MARINE PETROLEUM TRUST Files SEC form 8-K, Regulation FD Disclosure
2009-11-30 02:10:28
Quote: Item 7.01 Regulation FD Disclosure.
On November 17, 2008, Marine Petroleum Trust issued a press release announcing
(i) its quarterly cash distribution to unitholders and (ii) the designation of
American Stock Transfer & Trust Company as its transfer agent and registrar
effective as of November 1, 2008.A copy of the press release is furnished as
Exhibit 99.1 to this Current Report on Form 8-K.
In accordance with General Instruction B.2. of Form 8-K, the information
contained herein shall n...Read article
Marine Petroleum Trust Announces Fourth Quarter Cash Distribution
2009-11-30 02:10:27
Quote: MARPSNews;http://www.marps-marinepetroleumtrust.com/.This distribution of $0.322823 per unit is higher than the $0.246003 per unit distributed last quarter and is lower than the $0.885216 per unit distributed in the comparable quarter in 2008.Prices realized for oil and for natural gas are lower than this time last year.Royalties received from oil and natural gas are also down due to damage caused by Hurricanes Gustav and Ike, which hit the Gulf Coast in September 2008 and caused a disruption in...Read article
MARINE PETROLEUM TRUST Files SEC form 8-K, Regulation FD Disclosure
2009-11-30 02:10:25
Quote: Item 7.01 Regulation FD Disclosure.
On November 19, 2009, Marine Petroleum Trust issued a press release announcing
its quarterly cash distribution to unitholders. A copy of the press release is
furnished as Exhibit 99.1 to this Current Report on Form 8-K.
In accordance with General Instruction B.2. of Form 8-K, the information
contained herein shall not be incorporated by reference into any of our filings,
whether made before or after the date hereof, regardless of any general
incorporation la...Read article
Would you like to leave a comment about Marine Petroleum Trust MARPS
Find out what social network information about Marine Petroleum Trust are available on RealpenniesWorst 5 - Click here to find out what stocks have been voted down by our visitors and users
Besides Marine Petroleum Trust's Stock there is more great penny stock and market information at Realpennies