LSV Asset Management boosted its holdings in Evolution Petroleum Corp (NYSE:EPM) by 22.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 108,656 shares of the energy company’s stock after buying an additional 20,100 shares during the period. LSV Asset Management owned 0.33% of Evolution Petroleum Corp worth $880,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EPM. First Quadrant L P CA purchased a new stake in Evolution Petroleum Corp in the 2nd quarter worth $112,000. American International Group Inc. increased its stake in 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 buying an additional 999 shares in the last quarter. Nationwide Fund Advisors increased its stake in 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 buying an additional 1,979 shares in the last quarter. Bank of Montreal Can increased its stake in Evolution Petroleum Corp by 559.3% in the 1st quarter. Bank of Montreal Can now owns 18,420 shares of the energy company’s stock worth $147,000 after buying an additional 15,626 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in 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 buying an additional 2,662 shares in the last quarter.

Shares of Evolution Petroleum Corp (NYSE:EPM) opened at 6.85 on Friday. The firm has a 50-day moving average price of $7.38 and a 200-day moving average price of $7.77. The stock has a market cap of $226.54 million and a price-to-earnings ratio of 33.25. Evolution Petroleum Corp has a 52 week low of $5.98 and a 52 week high of $10.20.

Evolution Petroleum Corp (NYSE:EPM) last issued 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 firm had revenue of $8.84 million during the quarter, compared to analyst estimates of $9.52 million. Evolution Petroleum Corp had a return on equity of 14.11% and a net margin of 25.40%. The company’s revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the company posted $0.63 EPS. On average, equities analysts anticipate that Evolution Petroleum Corp will post $0.33 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.075 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.38%. This is an increase from Evolution Petroleum Corp’s previous quarterly dividend of $0.07.

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A number of equities research analysts have issued reports on EPM shares. BidaskClub upgraded Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Northland Securities set a $8.00 price target on Evolution Petroleum Corp and gave the stock a “hold” rating in a research note on Monday, August 28th. Scotiabank set a $10.00 price target on Evolution Petroleum Corp and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Zacks Investment Research upgraded Evolution Petroleum Corp from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Finally, Roth Capital set a $11.00 price target on Evolution Petroleum Corp and gave the stock a “buy” rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Evolution Petroleum Corp currently has a consensus rating of “Hold” and a consensus target price of $9.60.

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.

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

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