Keeley Teton Advisors LLC Acquires Shares of 221,012 Evolution Petroleum Corp (EPM)
Keeley Teton Advisors LLC acquired a new position in Evolution Petroleum Corp (NYSEAMERICAN:EPM) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 221,012 shares of the energy company’s stock, valued at approximately $1,514,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. purchased a new position in shares of Evolution Petroleum in the second quarter worth approximately $133,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Evolution Petroleum by 21.3% in the second quarter. The Manufacturers Life Insurance Company now owns 23,975 shares of the energy company’s stock worth $194,000 after buying an additional 4,215 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Evolution Petroleum by 117.6% in the second quarter. Goldman Sachs Group Inc. now owns 27,529 shares of the energy company’s stock worth $223,000 after buying an additional 14,877 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Evolution Petroleum by 53.8% in the third quarter. Wells Fargo & Company MN now owns 32,313 shares of the energy company’s stock worth $233,000 after buying an additional 11,307 shares during the last quarter. Finally, Amica Retiree Medical Trust boosted its holdings in shares of Evolution Petroleum by 114.7% in the third quarter. Amica Retiree Medical Trust now owns 34,575 shares of the energy company’s stock worth $249,000 after buying an additional 18,469 shares during the last quarter.
In other news, major shareholder Advisors L.L.C. Jvl sold 11,934 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $8.00, for a total value of $95,472.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David Joe sold 16,666 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $8.16, for a total transaction of $135,994.56. Following the completion of the transaction, the chief financial officer now directly owns 345,924 shares in the company, valued at approximately $2,822,739.84. The disclosure for this sale can be found here. Insiders have sold 90,536 shares of company stock worth $703,037 in the last ninety days.
Evolution Petroleum (NYSEAMERICAN:EPM) last issued its quarterly earnings results on Wednesday, February 7th. The energy company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. Evolution Petroleum had a net margin of 35.03% and a return on equity of 21.51%. The business had revenue of $11.07 million for the quarter, compared to the consensus estimate of $10.66 million.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.40 annualized dividend and a yield of 4.91%. This is an increase from Evolution Petroleum’s previous quarterly dividend of $0.08. Evolution Petroleum’s payout ratio is currently 100.00%.
A number of research firms recently issued reports on EPM. Zacks Investment Research downgraded shares of Evolution Petroleum from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Eurobank EFG raised shares of Evolution Petroleum from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Thursday, February 8th. UBS Group raised shares of Evolution Petroleum from a “neutral” rating to a “buy” rating in a report on Thursday, February 8th. Finally, Northland Securities set a $7.00 price target on shares of Evolution Petroleum and gave the company a “hold” rating in a report on Monday, December 11th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $9.40.
TRADEMARK VIOLATION NOTICE: “Keeley Teton Advisors LLC Acquires Shares of 221,012 Evolution Petroleum Corp (EPM)” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2018/03/11/keeley-teton-advisors-llc-acquires-shares-of-221012-evolution-petroleum-corp-epm.html.
Evolution Petroleum 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.
Want to see what other hedge funds are holding EPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evolution Petroleum Corp (NYSEAMERICAN:EPM).
Receive News & Ratings for Evolution Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evolution Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.