Evolution Petroleum Corp (NYSEAMERICAN:EPM) CFO David Joe sold 7,110 shares of Evolution Petroleum Corp stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $7.50, for a total value of $53,325.00. Following the sale, the chief financial officer now directly owns 365,427 shares of the company’s stock, valued at approximately $2,740,702.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Evolution Petroleum Corp (NYSEAMERICAN:EPM) traded down $0.50 during midday trading on Thursday, hitting $6.80. The stock had a trading volume of 73,100 shares, compared to its average volume of 107,929. Evolution Petroleum Corp has a 12 month low of $6.35 and a 12 month high of $10.20.

Evolution Petroleum Corp (NYSEAMERICAN:EPM) last released its earnings results on Wednesday, November 8th. The energy company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Evolution Petroleum Corp had a return on equity of 8.76% and a net margin of 16.99%. The company had revenue of $8.54 million during the quarter, compared to analyst estimates of $8.19 million. During the same quarter in the previous year, the company posted $0.02 EPS. Evolution Petroleum Corp’s revenue for the quarter was up 12.5% on a year-over-year basis.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date is Thursday, December 14th. Evolution Petroleum Corp’s dividend payout ratio (DPR) is presently 80.00%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in EPM. Bank of New York Mellon Corp lifted its stake in shares of Evolution Petroleum Corp by 1.4% in the 1st quarter. Bank of New York Mellon Corp now owns 304,514 shares of the energy company’s stock valued at $2,437,000 after acquiring an additional 4,147 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Evolution Petroleum Corp by 39.2% in the 1st quarter. Prudential Financial Inc. now owns 50,091 shares of the energy company’s stock valued at $401,000 after acquiring an additional 14,100 shares during the last quarter. American International Group Inc. lifted its stake in shares of Evolution Petroleum Corp by 7.1% in the 1st quarter. American International Group Inc. now owns 15,033 shares of the energy company’s stock valued at $120,000 after acquiring an additional 999 shares during the last quarter. California Public Employees Retirement System increased its holdings in Evolution Petroleum Corp by 7.2% during the 1st quarter. California Public Employees Retirement System now owns 98,300 shares of the energy company’s stock valued at $786,000 after purchasing an additional 6,600 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Evolution Petroleum Corp by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 1,187,925 shares of the energy company’s stock valued at $9,503,000 after purchasing an additional 26,421 shares during the period.

Several equities research analysts have issued reports on the company. Zacks Investment Research raised Evolution Petroleum Corp from a “sell” rating to a “hold” rating in a research note on Wednesday. Roth Capital set a $11.00 price target on Evolution Petroleum Corp and gave the stock a “buy” rating in a research note on Friday, October 20th. Northland Securities set a $8.00 price target on Evolution Petroleum Corp and gave the stock a “hold” rating in a research note on Monday, August 28th. BidaskClub lowered Evolution Petroleum Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Scotiabank set a $10.00 price target on Evolution Petroleum Corp and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $9.67.

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.

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