Evolution Petroleum Co. (NYSEAMERICAN:EPM – Get Rating) announced a quarterly dividend on Monday, May 23rd, Wall Street Journal reports. Shareholders of record on Wednesday, June 15th will be given a dividend of 0.10 per share by the energy company on Thursday, June 30th. This represents a $0.40 annualized dividend and a yield of 6.05%. The ex-dividend date of this dividend is Tuesday, June 14th.
Evolution Petroleum has decreased its dividend by an average of 16.8% annually over the last three years and has increased its dividend every year for the last 2 years.
NYSEAMERICAN EPM traded up $0.11 during trading on Monday, hitting $6.61. 116,983 shares of the company’s stock traded hands, compared to its average volume of 207,829. The company has a market cap of $223.03 million, a PE ratio of -59.09 and a beta of 1.23. Evolution Petroleum has a 12-month low of $3.51 and a 12-month high of $8.17. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.07.
In related news, CFO Ryan Stash sold 4,870 shares of the company’s stock in a transaction that occurred on Thursday, March 24th. The shares were sold at an average price of $5.54, for a total value of $26,979.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.80% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. grew its position in Evolution Petroleum by 97.0% during the first quarter. Advisor Group Holdings Inc. now owns 3,656 shares of the energy company’s stock valued at $25,000 after acquiring an additional 1,800 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Evolution Petroleum by 253,450.0% in the first quarter. BNP Paribas Arbitrage SA now owns 5,071 shares of the energy company’s stock worth $34,000 after purchasing an additional 5,069 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Evolution Petroleum in the first quarter worth approximately $39,000. JPMorgan Chase & Co. grew its holdings in shares of Evolution Petroleum by 6,173.4% in the fourth quarter. JPMorgan Chase & Co. now owns 9,661 shares of the energy company’s stock worth $49,000 after purchasing an additional 9,507 shares during the last quarter. Finally, PNC Financial Services Group Inc. bought a new position in shares of Evolution Petroleum in the first quarter worth approximately $55,000. Institutional investors and hedge funds own 61.84% of the company’s stock.
EPM has been the topic of a number of recent analyst reports. TheStreet raised shares of Evolution Petroleum from a “c+” rating to a “b” rating in a report on Friday, February 11th. Zacks Investment Research downgraded shares of Evolution Petroleum from a “hold” rating to a “sell” rating in a report on Monday, April 18th.
About Evolution Petroleum (Get Rating)
Evolution Petroleum Corporation, an oil and natural gas company, engages in the development, production, ownership, and management of 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 13,636 acres located in Northeast Louisiana.
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