Schwab Charles Investment Management Inc. increased its stake in shares of Evolution Petroleum Corp (NYSE:EPM) by 27.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 180,417 shares of the energy company’s stock after buying an additional 38,722 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.55% of Evolution Petroleum Corp worth $1,444,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in EPM. American International Group Inc. increased its stake in shares of Evolution Petroleum Corp by 7.1% in the first quarter. American International Group Inc. now owns 15,033 shares of the energy company’s stock valued at $120,000 after buying an additional 999 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of Evolution Petroleum Corp by 14.2% in the first quarter. Nationwide Fund Advisors now owns 15,915 shares of the energy company’s stock valued at $127,000 after buying an additional 1,979 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Evolution Petroleum Corp by 559.3% in the first quarter. Bank of Montreal Can now owns 18,420 shares of the energy company’s stock valued at $147,000 after buying an additional 15,626 shares in the last quarter. Metropolitan Life Insurance Co. NY bought a new stake in shares of Evolution Petroleum Corp during the fourth quarter valued at approximately $177,000. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Evolution Petroleum Corp by 209.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 38,292 shares of the energy company’s stock valued at $306,000 after buying an additional 25,923 shares in the last quarter.

Shares of Evolution Petroleum Corp (NYSE EPM) traded down 0.345% during midday trading on Monday, reaching $7.225. The company had a trading volume of 20,274 shares. The company’s 50-day moving average is $7.94 and its 200-day moving average is $7.95. The firm has a market cap of $236.03 million and a P/E ratio of 9.180. Evolution Petroleum Corp has a 52-week low of $5.59 and a 52-week high of $10.20.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This is an increase from Evolution Petroleum Corp’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a dividend yield of 4.14%.

TRADEMARK VIOLATION WARNING: “Schwab Charles Investment Management Inc. Has $1.44 Million Position in Evolution Petroleum Corp (EPM)” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/08/28/schwab-charles-investment-management-inc-has-1-44-million-position-in-evolution-petroleum-corp-epm.html.

Several brokerages have recently commented on EPM. BidaskClub raised Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Scotiabank set a $10.00 target price on Evolution Petroleum Corp and gave the company a “buy” rating in a report on Monday, June 5th. Zacks Investment Research downgraded Evolution Petroleum Corp from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Finally, Roth Capital set a $11.00 target price on Evolution Petroleum Corp and gave the company a “buy” rating in a report on Thursday, August 10th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $10.00.

Evolution Petroleum Corp Company Profile

Evolution Petroleum Corporation is an independent oil and gas company. The Company is engaged in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States. Its assets include interests in a carbon dioxide (CO2) enhanced oil recovery project (EOR) in Louisiana’s Delhi field.

Institutional Ownership by Quarter for Evolution Petroleum Corp (NYSE:EPM)

Receive News & Stock Ratings for Evolution Petroleum Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evolution Petroleum Corp and related stocks with our FREE daily email newsletter.