Evolution Petroleum Corporation, Inc. (EPM) To Go Ex-Dividend on March 16th

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) declared a quarterly dividend on Tuesday, February 10th. Investors of record on Monday, March 16th will be given a dividend of 0.12 per share by the energy company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend is Monday, March 16th.

Evolution Petroleum has a dividend payout ratio of 4,800.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Evolution Petroleum Stock Down 1.5%

Shares of NYSEAMERICAN:EPM opened at $4.69 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.81. The firm has a market cap of $164.15 million, a price-to-earnings ratio of 58.63 and a beta of 0.28. The stock’s 50-day moving average price is $4.07 and its two-hundred day moving average price is $4.32. Evolution Petroleum has a 12-month low of $3.19 and a 12-month high of $5.70.

Institutional Trading of Evolution Petroleum

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rothschild Wealth LLC acquired a new position in shares of Evolution Petroleum in the 4th quarter valued at approximately $617,000. WealthTrust Axiom LLC raised its holdings in Evolution Petroleum by 9.4% in the fourth quarter. WealthTrust Axiom LLC now owns 1,948,657 shares of the energy company’s stock valued at $6,898,000 after acquiring an additional 166,624 shares in the last quarter. Ritholtz Wealth Management acquired a new position in Evolution Petroleum during the 3rd quarter worth $655,000. Raymond James Financial Inc. lifted its position in shares of Evolution Petroleum by 30.9% during the second quarter. Raymond James Financial Inc. now owns 468,620 shares of the energy company’s stock worth $2,203,000 after purchasing an additional 110,687 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Evolution Petroleum by 14.2% during the 2nd quarter. American Century Companies Inc. now owns 855,498 shares of the energy company’s stock worth $4,021,000 after buying an additional 106,056 shares during the last quarter. 60.07% of the stock is owned by hedge funds and other institutional investors.

About Evolution Petroleum

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.