Marine Petroleum Trust  

(Public, NASDAQ:MARPS)   Watch this stock  
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3.90
+0.19 (5.12%)
Apr 19 - Close
NASDAQ real-time data - Disclaimer
Currency in USD
Range 3.85 - 3.95
52 week 2.91 - 6.00
Open 3.95
Vol / Avg. 0.00/2,622.00
Mkt cap 7.95M
P/E 12.46
Div/yield 0.05/6.50
EPS 0.31
Shares 2.00M
Beta 1.92
Inst. own 2%

Key stats and ratios

Q3 (Sep '17) 2017
Net profit margin 89.49% 79.14%
Operating margin 89.49% 79.14%
EBITD margin - 79.14%
Return on average assets 75.99% 81.70%
Return on average equity 75.99% 81.70%
CDP Score - -

Address

2911 Turtle Creek Blvd Ste 850
DALLAS, TX 75219-6291
United States - Map
+1-800-9850794 (Phone)

Website links

External links

Analyst Estimates - MarketWatch
SEC Filings - EDGAR Online
Major Holders - MSN Money

Description

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.