Evolution Petroleum Corporation $EPM Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. increased its holdings in Evolution Petroleum Corporation (NYSE:EPM) by 24.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,715 shares of the company’s stock after purchasing an additional 27,068 shares during the period. Goldman Sachs Group Inc. owned 0.41% of Evolution Petroleum worth $724,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EPM. Russell Investments Group Ltd. raised its stake in shares of Evolution Petroleum by 22.5% in the 1st quarter. Russell Investments Group Ltd. now owns 670,155 shares of the company’s stock valued at $3,471,000 after acquiring an additional 123,277 shares during the period. CWA Asset Management Group LLC increased its position in shares of Evolution Petroleum by 30.0% in the 1st quarter. CWA Asset Management Group LLC now owns 305,012 shares of the company’s stock worth $1,580,000 after purchasing an additional 70,450 shares during the last quarter. American Century Companies Inc. increased its holdings in Evolution Petroleum by 19.0% in the first quarter. American Century Companies Inc. now owns 749,442 shares of the company’s stock valued at $3,882,000 after buying an additional 119,746 shares during the last quarter. Nuveen LLC bought a new stake in shares of Evolution Petroleum in the 1st quarter valued at approximately $317,000. Finally, Bank of America Corp DE raised its holdings in shares of Evolution Petroleum by 39.3% during the fourth quarter. Bank of America Corp DE now owns 51,446 shares of the company’s stock worth $269,000 after purchasing an additional 14,512 shares during the period. 60.07% of the stock is currently owned by institutional investors and hedge funds.

Evolution Petroleum Price Performance

EPM opened at $4.90 on Wednesday. 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 company’s 50-day moving average price is $5.02 and its 200 day moving average price is $4.78. The firm has a market cap of $168.36 million, a price-to-earnings ratio of 98.02 and a beta of 0.61. Evolution Petroleum Corporation has a fifty-two week low of $4.05 and a fifty-two week high of $6.14.

Evolution Petroleum (NYSE:EPM) last released its quarterly earnings data on Tuesday, September 16th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.09. Evolution Petroleum had a return on equity of 2.42% and a net margin of 2.04%.During the same quarter last year, the company posted $0.03 earnings per share. As a group, sell-side analysts expect that Evolution Petroleum Corporation will post 0.1 earnings per share for the current year.

Evolution Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend is Monday, September 22nd. Evolution Petroleum’s payout ratio is presently 1,600.00%.

About Evolution Petroleum

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.