Parametric Portfolio Associates LLC Reduces Holdings in Evolution Petroleum Corp (EPM)

Parametric Portfolio Associates LLC reduced its position in Evolution Petroleum Corp (NYSE:EPM) by 17.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,168 shares of the energy company’s stock after selling 39,231 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.57% of Evolution Petroleum Corp worth $1,516,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in shares of Evolution Petroleum Corp by 8.0% during the first quarter. Geode Capital Management LLC now owns 259,056 shares of the energy company’s stock worth $2,072,000 after buying an additional 19,140 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Evolution Petroleum Corp by 20.8% during the second quarter. Russell Investments Group Ltd. now owns 149,180 shares of the energy company’s stock worth $1,209,000 after buying an additional 25,684 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Evolution Petroleum Corp by 2.3% during the first quarter. Vanguard Group Inc. now owns 1,187,925 shares of the energy company’s stock worth $9,503,000 after buying an additional 26,421 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Evolution Petroleum Corp by 39.2% during the first quarter. Prudential Financial Inc. now owns 50,091 shares of the energy company’s stock worth $401,000 after buying an additional 14,100 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Evolution Petroleum Corp by 27.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 180,417 shares of the energy company’s stock worth $1,444,000 after purchasing an additional 38,722 shares during the last quarter.

Several equities research analysts recently weighed in on the company. Roth Capital set a $11.00 target price on Evolution Petroleum Corp and gave the stock a “buy” rating in a research note on Friday, October 20th. Zacks Investment Research cut Evolution Petroleum Corp from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Northland Securities set a $8.00 target price on Evolution Petroleum Corp and gave the stock a “hold” rating in a research note on Monday, August 28th. BidaskClub cut Evolution Petroleum Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Scotiabank set a $10.00 target price on Evolution Petroleum Corp and gave the stock a “buy” rating in a research note on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $9.67.

Shares of Evolution Petroleum Corp (NYSE:EPM) opened at $7.30 on Tuesday. Evolution Petroleum Corp has a 52 week low of $6.35 and a 52 week high of $10.20.

Evolution Petroleum Corp (NYSE:EPM) last issued its quarterly earnings data on Wednesday, November 8th. The energy company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. Evolution Petroleum Corp had a return on equity of 8.76% and a net margin of 16.99%. The company had revenue of $8.54 million during the quarter, compared to analysts’ expectations of $8.19 million. During the same quarter in the previous year, the business earned $0.02 earnings per share. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend is Thursday, December 14th.

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Evolution Petroleum Corp Profile

Evolution Petroleum Corporation is an independent oil and gas company. The Company is engaged in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States. Its assets include interests in a carbon dioxide (CO2) enhanced oil recovery project (EOR) in Louisiana’s Delhi field.

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Institutional Ownership by Quarter for Evolution Petroleum Corp (NYSE:EPM)

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