Vanguard Group Inc. grew its holdings in Evolution Petroleum Corp (NYSEAMERICAN:EPM) by 0.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,541,259 shares of the energy company’s stock after acquiring an additional 6,544 shares during the period. Vanguard Group Inc. owned 4.64% of Evolution Petroleum worth $11,020,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Evolution Petroleum by 10.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 247,268 shares of the energy company’s stock worth $1,768,000 after purchasing an additional 24,369 shares in the last quarter. Amica Retiree Medical Trust increased its stake in shares of Evolution Petroleum by 175.1% in the second quarter. Amica Retiree Medical Trust now owns 79,389 shares of the energy company’s stock worth $568,000 after purchasing an additional 50,532 shares in the last quarter. Strs Ohio increased its stake in shares of Evolution Petroleum by 7.5% in the second quarter. Strs Ohio now owns 75,800 shares of the energy company’s stock worth $541,000 after purchasing an additional 5,300 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Evolution Petroleum by 5.8% in the second quarter. Renaissance Technologies LLC now owns 2,211,488 shares of the energy company’s stock worth $15,812,000 after purchasing an additional 121,000 shares in the last quarter. Finally, Aptus Capital Advisors LLC increased its stake in shares of Evolution Petroleum by 18.6% in the second quarter. Aptus Capital Advisors LLC now owns 69,064 shares of the energy company’s stock worth $493,000 after purchasing an additional 10,816 shares in the last quarter.

A number of analysts have recently issued reports on the stock. TheStreet cut shares of Evolution Petroleum from a “b-” rating to a “c+” rating in a research note on Monday, September 30th. Zacks Investment Research raised shares of Evolution Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Finally, Northland Securities reissued a “hold” rating and issued a $6.50 price objective on shares of Evolution Petroleum in a research note on Monday, September 16th.

EPM traded up $0.16 during trading on Wednesday, hitting $5.68. 29,601 shares of the company traded hands, compared to its average volume of 146,270. Evolution Petroleum Corp has a 1 year low of $5.23 and a 1 year high of $11.20.

Evolution Petroleum (NYSEAMERICAN:EPM) last posted its earnings results on Wednesday, September 11th. The energy company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The company had revenue of $10.37 million for the quarter, compared to analysts’ expectations of $10.39 million.

The business also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.10 per share. This is a boost from Evolution Petroleum’s previous dividend of $0.05. The ex-dividend date was Thursday, September 12th.

Evolution Petroleum Profile

Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company primarily holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana.

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Institutional Ownership by Quarter for Evolution Petroleum (NYSEAMERICAN:EPM)

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