Amica Retiree Medical Trust Acquires 18,469 Shares of Evolution Petroleum Co. (EPM)
Amica Retiree Medical Trust increased its holdings in shares of Evolution Petroleum Co. (NYSEAMERICAN:EPM) by 114.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,575 shares of the energy company’s stock after acquiring an additional 18,469 shares during the quarter. Amica Retiree Medical Trust owned about 0.10% of Evolution Petroleum worth $249,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in EPM. American International Group Inc. increased its position in Evolution Petroleum by 7.1% during 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 during the period. California Public Employees Retirement System increased its position in Evolution Petroleum by 7.2% during the first quarter. California Public Employees Retirement System now owns 98,300 shares of the energy company’s stock worth $786,000 after acquiring an additional 6,600 shares during the period. Vanguard Group Inc. increased its position in Evolution Petroleum by 2.3% during the first quarter. Vanguard Group Inc. now owns 1,187,925 shares of the energy company’s stock worth $9,503,000 after acquiring an additional 26,421 shares during the period. Geode Capital Management LLC increased its position in Evolution Petroleum by 8.0% during the first quarter. Geode Capital Management LLC now owns 259,056 shares of the energy company’s stock worth $2,072,000 after acquiring an additional 19,140 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Evolution Petroleum by 8.3% during the first quarter. Dimensional Fund Advisors LP now owns 404,301 shares of the energy company’s stock worth $3,234,000 after acquiring an additional 31,006 shares during the period.
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Evolution Petroleum Co. (NYSEAMERICAN:EPM) traded down $0.20 during mid-day trading on Friday, reaching $7.10. 52,000 shares of the company’s stock traded hands, compared to its average volume of 106,879. Evolution Petroleum Co. has a 52-week low of $6.35 and a 52-week high of $10.20.
Evolution Petroleum (NYSEAMERICAN:EPM) last released its earnings results on Wednesday, November 8th. The energy company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. Evolution Petroleum had a net margin of 16.99% and a return on equity of 8.76%. The firm had revenue of $8.54 million for the quarter, compared to analyst estimates of $8.19 million. During the same period last year, the firm earned $0.02 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Thursday, December 14th. Evolution Petroleum’s dividend payout ratio is currently 80.00%.
A number of equities analysts recently commented on EPM shares. Northland Securities set a $8.00 price target on shares of Evolution Petroleum and gave the stock a “hold” rating in a research report on Monday, August 28th. Zacks Investment Research raised shares of Evolution Petroleum from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Roth Capital set a $11.00 target price on shares of Evolution Petroleum and gave the company a “buy” rating in a report on Friday, October 20th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Evolution Petroleum currently has a consensus rating of “Hold” and a consensus target price of $9.67.
Evolution Petroleum 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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