Bank of New York Mellon Corp grew its holdings in Evolution Petroleum Corp (NYSE:EPM) by 1.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 307,971 shares of the energy company’s stock after acquiring an additional 3,457 shares during the quarter. Bank of New York Mellon Corp owned 0.94% of Evolution Petroleum Corp worth $2,494,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Rhumbline Advisers increased its holdings in shares of Evolution Petroleum Corp by 1.4% in the second quarter. Rhumbline Advisers now owns 27,341 shares of the energy company’s stock worth $221,000 after acquiring an additional 365 shares in the last quarter. American International Group Inc. increased its holdings 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 worth $120,000 after acquiring an additional 999 shares in the last quarter. Nationwide Fund Advisors increased its holdings 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 worth $127,000 after acquiring an additional 1,979 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in shares of Evolution Petroleum Corp by 15.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 20,319 shares of the energy company’s stock worth $163,000 after acquiring an additional 2,662 shares in the last quarter. Finally, Strs Ohio increased its holdings in shares of Evolution Petroleum Corp by 6.1% in the second quarter. Strs Ohio now owns 77,000 shares of the energy company’s stock worth $623,000 after acquiring an additional 4,400 shares in the last quarter.

Several equities research analysts have issued reports on EPM shares. BidaskClub upgraded Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Northland Securities set a $8.00 price target on Evolution Petroleum Corp and gave the stock a “hold” rating in a report on Monday, August 28th. Scotiabank set a $10.00 price target on Evolution Petroleum Corp and gave the stock a “buy” rating in a report on Saturday, July 22nd. Zacks Investment Research upgraded Evolution Petroleum Corp from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Finally, Roth Capital set a $11.00 price target on Evolution Petroleum Corp and gave the stock a “buy” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.67.

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Shares of Evolution Petroleum Corp (NYSE EPM) opened at 7.30 on Friday. Evolution Petroleum Corp has a one year low of $6.35 and a one year high of $10.20. The firm has a 50 day moving average price of $7.01 and a 200 day moving average price of $7.66. The company has a market capitalization of $238.67 million and a P/E ratio of 35.44.

Evolution Petroleum Corp (NYSE:EPM) last issued its earnings results on Wednesday, September 6th. The energy company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Evolution Petroleum Corp had a net margin of 16.99% and a return on equity of 8.76%. The firm had revenue of $8.84 million during the quarter, compared to the consensus estimate of $9.52 million. During the same period in the previous year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was up 22.1% on a year-over-year basis. On average, equities research analysts predict that Evolution Petroleum Corp will post $0.33 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 4.11%. This is a positive change from Evolution Petroleum Corp’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, September 14th.

Evolution Petroleum Corp 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.

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

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