Evolution Petroleum Co. (NYSEAMERICAN:EPM) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC trimmed its position in shares of Evolution Petroleum Co. (NYSEAMERICAN:EPM) by 5.3% in the second quarter, Holdings Channel.com reports. The firm owned 1,339,958 shares of the energy company’s stock after selling 74,500 shares during the period. River Road Asset Management LLC’s holdings in Evolution Petroleum were worth $6,646,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new position in shares of Evolution Petroleum in the 1st quarter valued at approximately $33,000. Deprince Race & Zollo Inc. bought a new stake in shares of Evolution Petroleum in the first quarter worth $34,000. BNP Paribas Arbitrage SA raised its holdings in Evolution Petroleum by 80.7% in the first quarter. BNP Paribas Arbitrage SA now owns 14,485 shares of the energy company’s stock valued at $49,000 after acquiring an additional 6,468 shares in the last quarter. Ethic Inc. grew its holdings in Evolution Petroleum by 51.0% during the 1st quarter. Ethic Inc. now owns 17,305 shares of the energy company’s stock worth $58,000 after acquiring an additional 5,845 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Evolution Petroleum in the 1st quarter valued at about $146,000. 63.81% of the stock is currently owned by hedge funds and other institutional investors.

NYSEAMERICAN:EPM traded up $0.26 during mid-day trading on Wednesday, reaching $4.87. The stock had a trading volume of 918 shares, compared to its average volume of 193,932. The stock has a market cap of $163.18 million, a P/E ratio of -7.32 and a beta of 1.52. Evolution Petroleum Co. has a 1-year low of $2.09 and a 1-year high of $5.23. The business has a 50 day simple moving average of $2.82.

Evolution Petroleum (NYSEAMERICAN:EPM) last issued its earnings results on Sunday, September 12th. The energy company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). Evolution Petroleum had a negative return on equity of 0.48% and a negative net margin of 93.88%. During the same period last year, the business posted ($0.03) earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Monday, September 20th will be issued a $0.075 dividend. The ex-dividend date is Friday, September 17th. This is a positive change from Evolution Petroleum’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a dividend yield of 6.16%. Evolution Petroleum’s payout ratio is 142.86%.

Evolution Petroleum Company Profile

Evolution Petroleum Corp. is an oil and gas company. It develops and produces oil and gas reserves within known oil and gas resources utilizing technology onshore in the United States. The company holds interests in the Carbon Dioxide enhanced oil recovery project in Louisiana’s Delhi Field. Evolution Petroleum was founded by Robert Stevens Herlin and Laird Q.

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Institutional Ownership by Quarter for Evolution Petroleum (NYSEAMERICAN:EPM)

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