JVL Advisors L.L.C. trimmed its position in Evolution Petroleum Corp (NYSEAMERICAN:EPM) by 0.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,217,762 shares of the energy company’s stock after selling 3,372 shares during the period. Evolution Petroleum accounts for approximately 3.9% of JVL Advisors L.L.C.’s investment portfolio, making the stock its 5th biggest position. JVL Advisors L.L.C. owned 0.07% of Evolution Petroleum worth $14,970,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Advisor Group Inc. grew its holdings in Evolution Petroleum by 45.5% during the 4th quarter. Advisor Group Inc. now owns 4,802 shares of the energy company’s stock worth $33,000 after acquiring an additional 1,502 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Evolution Petroleum by 59,111.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,329 shares of the energy company’s stock worth $36,000 after acquiring an additional 5,320 shares during the period. SG Americas Securities LLC acquired a new stake in Evolution Petroleum during the 4th quarter worth about $73,000. The Manufacturers Life Insurance Company acquired a new stake in Evolution Petroleum during the 1st quarter worth about $80,000. Finally, State of Tennessee Treasury Department acquired a new stake in Evolution Petroleum during the 1st quarter worth about $97,000.
Several analysts have recently commented on EPM shares. Northland Securities restated a “hold” rating and issued a $8.00 target price on shares of Evolution Petroleum in a research note on Thursday, March 21st. Zacks Investment Research downgraded Evolution Petroleum from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $8.94.
NYSEAMERICAN EPM traded down $0.02 during trading hours on Thursday, hitting $6.23. The company’s stock had a trading volume of 502 shares, compared to its average volume of 145,930. Evolution Petroleum Corp has a 52 week low of $5.99 and a 52 week high of $12.83.
Evolution Petroleum (NYSEAMERICAN:EPM) last announced its quarterly earnings results on Wednesday, May 8th. The energy company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The company had revenue of $9.50 million for the quarter, compared to analyst estimates of $9.94 million.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.10 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.40 annualized dividend and a yield of 6.42%.
Evolution Petroleum Company Profile
Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company primarily holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana.
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