Ethic Inc. Lowers Stock Holdings in Evolution Petroleum Corporation $EPM

Ethic Inc. trimmed its position in shares of Evolution Petroleum Corporation (NYSE:EPM) by 30.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,324 shares of the company’s stock after selling 42,876 shares during the quarter. Ethic Inc. owned 0.28% of Evolution Petroleum worth $480,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EPM. Focus Partners Wealth purchased a new position in Evolution Petroleum during the 1st quarter valued at about $70,000. AQR Capital Management LLC purchased a new position in Evolution Petroleum during the 1st quarter valued at about $91,000. Algorithmic Investment Models LLC purchased a new position in shares of Evolution Petroleum in the 1st quarter valued at about $99,000. Jane Street Group LLC purchased a new position in shares of Evolution Petroleum in the 1st quarter valued at about $102,000. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Evolution Petroleum by 43.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,106 shares of the company’s stock valued at $109,000 after buying an additional 6,961 shares during the period. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

Evolution Petroleum Stock Performance

Shares of EPM opened at $4.43 on Wednesday. The stock has a 50-day simple moving average of $4.94 and a 200-day simple moving average of $4.76. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market capitalization of $153.73 million, a PE ratio of 88.62 and a beta of 0.52. Evolution Petroleum Corporation has a 1 year low of $4.05 and a 1 year high of $6.14.

Evolution Petroleum (NYSE:EPM) last issued its earnings results on Tuesday, September 16th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate 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 firm posted $0.03 EPS. On average, analysts predict that Evolution Petroleum Corporation will post 0.1 earnings per share for the current fiscal year.

Evolution Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 10.8%. The ex-dividend date of this dividend was Monday, September 22nd. Evolution Petroleum’s dividend payout ratio (DPR) is 1,600.00%.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Evolution Petroleum from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.10.

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.