Morgan Stanley boosted its position in EV Energy Partners, L.P. (NASDAQ:EVEP) by 422.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,429,391 shares of the oil and gas company’s stock after buying an additional 1,155,996 shares during the period. Morgan Stanley owned about 2.90% of EV Energy Partners, L.P. worth $2,115,000 at the end of the most recent quarter.

Separately, Raymond James Financial Services Advisors Inc. raised its stake in EV Energy Partners, L.P. by 2.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 145,084 shares of the oil and gas company’s stock valued at $215,000 after buying an additional 4,018 shares in the last quarter. Hedge funds and other institutional investors own 8.59% of the company’s stock.

EV Energy Partners, L.P. (NASDAQ:EVEP) traded down 6.5111% during mid-day trading on Monday, hitting $0.4207. 35,095 shares of the stock traded hands. EV Energy Partners, L.P. has a 1-year low of $0.37 and a 1-year high of $2.72.

EV Energy Partners, L.P. (NASDAQ:EVEP) last released its earnings results on Wednesday, August 9th. The oil and gas company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.01. The business had revenue of $56.05 million for the quarter, compared to the consensus estimate of $52.09 million. EV Energy Partners, L.P. had a negative return on equity of 7.43% and a negative net margin of 120.31%. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.58) earnings per share. Equities analysts predict that EV Energy Partners, L.P. will post ($1.97) earnings per share for the current fiscal year.

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Several research firms have recently weighed in on EVEP. Stifel Nicolaus lowered shares of EV Energy Partners, L.P. from a “hold” rating to a “sell” rating and lowered their price objective for the company from $1.25 to $0.50 in a research note on Thursday, June 8th. Citigroup Inc. reiterated a “neutral” rating and issued a $1.50 price objective (down previously from $2.50) on shares of EV Energy Partners, L.P. in a research note on Sunday, May 14th. Finally, Zacks Investment Research upgraded shares of EV Energy Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th.

In other news, Director Mark A. Houser bought 38,467 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were acquired at an average price of $0.68 per share, for a total transaction of $26,157.56. Following the completion of the transaction, the director now directly owns 381,218 shares in the company, valued at approximately $259,228.24. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark A. Houser bought 40,205 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was purchased at an average price of $0.64 per share, for a total transaction of $25,731.20. Following the transaction, the director now owns 431,130 shares of the company’s stock, valued at $275,923.20. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 118,517 shares of company stock worth $77,008. Company insiders own 10.20% of the company’s stock.

About EV Energy Partners, L.P.

EV Energy Partners, L.P. is engaged in the acquisition, development and production of oil and natural gas properties and all of its operations are located in the United States. The Company’s oil and natural gas properties are located in the Appalachian Basin, which includes the Utica Shale; the San Juan Basin; Michigan; Central Texas, which includes the Austin Chalk area; the Mid-Continent areas in Oklahoma, Texas, Arkansas, Kansas and Louisiana; the Monroe Field in Northern Louisiana, and the Permian Basin.

Institutional Ownership by Quarter for EV Energy Partners, L.P. (NASDAQ:EVEP)

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