Foundry Partners LLC Has $1.13 Million Holdings in Evolution Petroleum Co. (NYSEAMERICAN:EPM)

Foundry Partners LLC cut its holdings in Evolution Petroleum Co. (NYSEAMERICAN:EPM) by 61.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 194,870 shares of the energy company’s stock after selling 315,992 shares during the quarter. Foundry Partners LLC’s holdings in Evolution Petroleum were worth $1,132,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EPM. Ritholtz Wealth Management raised its position in shares of Evolution Petroleum by 49.5% during the fourth quarter. Ritholtz Wealth Management now owns 15,714 shares of the energy company’s stock worth $91,000 after purchasing an additional 5,206 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Evolution Petroleum during the third quarter worth approximately $294,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Evolution Petroleum by 88.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 116,023 shares of the energy company’s stock worth $674,000 after purchasing an additional 54,315 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of Evolution Petroleum during the fourth quarter worth approximately $377,000. Finally, Alps Advisors Inc. acquired a new position in shares of Evolution Petroleum during the third quarter worth approximately $257,000. 60.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EPM shares. Roth Mkm reaffirmed a “buy” rating and set a $8.25 target price on shares of Evolution Petroleum in a research report on Thursday, April 4th. TheStreet lowered Evolution Petroleum from a “b” rating to a “c+” rating in a research report on Wednesday, February 7th.

Evolution Petroleum Stock Up 0.2 %

NYSEAMERICAN EPM opened at $5.74 on Tuesday. The firm has a market capitalization of $192.06 million, a P/E ratio of 11.69 and a beta of 0.89. Evolution Petroleum Co. has a 12 month low of $5.00 and a 12 month high of $10.11.

Evolution Petroleum (NYSEAMERICAN:EPM) last released its quarterly earnings results on Tuesday, February 6th. The energy company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). The company had revenue of $21.02 million during the quarter, compared to analysts’ expectations of $23.67 million. Evolution Petroleum had a net margin of 17.25% and a return on equity of 18.44%. Equities analysts expect that Evolution Petroleum Co. will post 0.19 EPS for the current year.

Evolution Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 8.36%. The ex-dividend date of this dividend was Thursday, March 14th. Evolution Petroleum’s dividend payout ratio is presently 100.00%.

Evolution Petroleum Profile

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