Chicago Equity Partners LLC raised its position in Evolution Petroleum Corp (NYSE:EPM) by 7.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 31,670 shares of the energy company’s stock after purchasing an additional 2,320 shares during the period. Chicago Equity Partners LLC owned 0.10% of Evolution Petroleum Corp worth $257,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers lifted its position in shares of Evolution Petroleum Corp by 1.4% in the 2nd quarter. Rhumbline Advisers now owns 27,341 shares of the energy company’s stock worth $221,000 after purchasing an additional 365 shares during the period. American International Group Inc. lifted its position in shares of Evolution Petroleum Corp by 7.1% in the 1st quarter. American International Group Inc. now owns 15,033 shares of the energy company’s stock worth $120,000 after purchasing an additional 999 shares during the period. Nationwide Fund Advisors lifted its position in shares of Evolution Petroleum Corp by 14.2% in the 1st quarter. Nationwide Fund Advisors now owns 15,915 shares of the energy company’s stock worth $127,000 after purchasing an additional 1,979 shares during the period. Metropolitan Life Insurance Co. NY lifted its position in shares of Evolution Petroleum Corp by 15.1% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 20,319 shares of the energy company’s stock worth $163,000 after purchasing an additional 2,662 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Evolution Petroleum Corp by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 307,971 shares of the energy company’s stock worth $2,494,000 after purchasing an additional 3,457 shares during the period.

Evolution Petroleum Corp (NYSE EPM) opened at 6.90 on Friday. Evolution Petroleum Corp has a 12 month low of $5.87 and a 12 month high of $10.20. The stock has a 50 day moving average of $7.51 and a 200-day moving average of $7.82. The firm has a market cap of $228.20 million and a P/E ratio of 33.50.

Evolution Petroleum Corp (NYSE:EPM) last released its quarterly earnings data on Wednesday, September 6th. The energy company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The company had revenue of $8.84 million for the quarter, compared to analysts’ expectations of $9.52 million. Evolution Petroleum Corp had a net margin of 25.40% and a return on equity of 14.11%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the company posted $0.63 EPS. Equities research analysts predict that Evolution Petroleum Corp will post $0.33 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Thursday, September 14th. This is a positive change from Evolution Petroleum Corp’s previous quarterly dividend of $0.07.

A number of research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Scotiabank set a $10.00 price target on shares of Evolution Petroleum Corp and gave the stock a “buy” rating in a research report on Monday, June 5th. Northland Securities set a $8.00 price target on shares of Evolution Petroleum Corp and gave the stock a “hold” rating in a research report on Monday, August 28th. Roth Capital set a $11.00 price target on shares of Evolution Petroleum Corp and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of Evolution Petroleum Corp from a “hold” rating to a “sell” rating in a research report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $9.60.

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About Evolution Petroleum Corp

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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