New York State Common Retirement Fund Sells 7,600 Shares of Evolution Petroleum Corporation (NYSE:EPM)

New York State Common Retirement Fund lessened its stake in shares of Evolution Petroleum Corporation (NYSE:EPM) by 24.2% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 23,862 shares of the company’s stock after selling 7,600 shares during the period. New York State Common Retirement Fund owned 0.07% of Evolution Petroleum worth $124,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Quarry LP bought a new stake in Evolution Petroleum during the fourth quarter valued at about $40,000. Chancellor Financial Group WB LP bought a new stake in Evolution Petroleum during the fourth quarter valued at about $58,000. Legal & General Group Plc boosted its stake in shares of Evolution Petroleum by 56.7% in the fourth quarter. Legal & General Group Plc now owns 12,088 shares of the company’s stock worth $63,000 after acquiring an additional 4,375 shares during the period. Price T Rowe Associates Inc. MD bought a new position in shares of Evolution Petroleum in the fourth quarter worth about $65,000. Finally, LPL Financial LLC boosted its stake in shares of Evolution Petroleum by 45.5% in the fourth quarter. LPL Financial LLC now owns 15,848 shares of the company’s stock worth $83,000 after acquiring an additional 4,955 shares during the period. Institutional investors own 60.07% of the company’s stock.

Wall Street Analyst Weigh In

EPM has been the subject of a number of recent analyst reports. Alliance Global Partners initiated coverage on Evolution Petroleum in a research note on Wednesday, May 7th. They issued a “buy” rating and a $5.70 price objective for the company. Northland Capmk raised Evolution Petroleum to a “hold” rating in a research note on Tuesday, May 20th. Finally, Wall Street Zen raised Evolution Petroleum from a “sell” rating to a “hold” rating in a research note on Monday, May 19th.

Evolution Petroleum Stock Performance

NYSE EPM opened at $5.06 on Monday. The firm has a market cap of $173.60 million, a price-to-earnings ratio of 101.22 and a beta of 0.56. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $4.78 and a 200-day moving average price of $4.85. Evolution Petroleum Corporation has a twelve month low of $4.05 and a twelve month high of $6.14.

Evolution Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 9.49%. The ex-dividend date was Friday, June 13th. Evolution Petroleum’s payout ratio is presently -1,600.00%.

Evolution Petroleum Company 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 a non-operated interests in the SCOOP and STACK plays located in Central Oklahoma; the Chaveroo Field situated in Chaves and Roosevelt Counties, New Mexico; the Jonah Field located in Sublette County, Wyoming; the Williston Basin situated in Williston, North Dakota; the Barnett Shale field located in North Texas; the Hamilton Dome situated in Hot Springs County, Wyoming; and the Delhi Field, an onshore CO2-EOR project located in northeast Louisiana in Franklin, Madison, and Richland Parishes, as well as small overriding royalty interests in four onshore central Texas wells.