Connors Investor Services Inc. Buys 8,000 Shares of Evolution Petroleum Co. (NYSEAMERICAN:EPM)

Connors Investor Services Inc. boosted its stake in Evolution Petroleum Co. (NYSEAMERICAN:EPM) by 19.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,300 shares of the energy company’s stock after acquiring an additional 8,000 shares during the period. Connors Investor Services Inc. owned 0.14% of Evolution Petroleum worth $297,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Gladius Capital Management LP bought a new stake in shares of Evolution Petroleum in the fourth quarter valued at approximately $27,000. SpiderRock Advisors LLC bought a new stake in shares of Evolution Petroleum in the first quarter valued at approximately $71,000. Ritholtz Wealth Management raised its position in shares of Evolution Petroleum by 49.5% in the fourth quarter. Ritholtz Wealth Management now owns 15,714 shares of the energy company’s stock valued at $91,000 after purchasing an additional 5,206 shares during the period. Principal Financial Group Inc. bought a new stake in shares of Evolution Petroleum in the first quarter valued at approximately $95,000. Finally, Raymond James & Associates raised its position in shares of Evolution Petroleum by 39.0% in the fourth quarter. Raymond James & Associates now owns 46,250 shares of the energy company’s stock valued at $269,000 after purchasing an additional 12,971 shares during the period. Institutional investors own 60.07% of the company’s stock.

Evolution Petroleum Price Performance

Shares of Evolution Petroleum stock traded down $0.05 during trading on Friday, reaching $5.62. The company’s stock had a trading volume of 190,580 shares, compared to its average volume of 310,503. Evolution Petroleum Co. has a 52-week low of $5.00 and a 52-week high of $10.11. The stock has a market capitalization of $187.48 million, a price-to-earnings ratio of 70.26 and a beta of 0.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.49 and a current ratio of 1.49.

Evolution Petroleum (NYSEAMERICAN:EPM) last announced its quarterly earnings data on Tuesday, May 7th. The energy company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. Evolution Petroleum had a net margin of 3.64% and a return on equity of 4.19%. The company had revenue of $23.03 million during the quarter, compared to analysts’ expectations of $22.62 million. Equities research analysts expect that Evolution Petroleum Co. will post 0.16 EPS for the current year.

Evolution Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.12 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.48 annualized dividend and a yield of 8.54%. Evolution Petroleum’s dividend payout ratio (DPR) is presently 600.08%.

Wall Street Analyst Weigh In

Several brokerages recently commented on EPM. Roth Mkm reaffirmed a “buy” rating and set a $8.25 price objective on shares of Evolution Petroleum in a research note on Thursday, April 4th. StockNews.com cut shares of Evolution Petroleum from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th.

Evolution Petroleum Profile

Evolution Petroleum Corporation, an energy company, engages in the development, production, ownership, and exploitation of onshore oil and gas properties in the United States. The company holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of approximately 13,636 acres located in Northeast Louisiana.