Evolution Petroleum Corporation, Inc. $EPM Position Cut by River Road Asset Management LLC

River Road Asset Management LLC decreased its position in shares of Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) by 58.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 537,375 shares of the energy company’s stock after selling 757,018 shares during the quarter. River Road Asset Management LLC owned about 1.54% of Evolution Petroleum worth $1,902,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Comerica Bank lifted its position in Evolution Petroleum by 894.0% in the 3rd quarter. Comerica Bank now owns 6,908 shares of the energy company’s stock valued at $33,000 after purchasing an additional 6,213 shares during the last quarter. StoneX Group Inc. bought a new position in Evolution Petroleum in the 4th quarter worth about $36,000. Inscription Capital LLC bought a new position in Evolution Petroleum in the 4th quarter worth about $38,000. BNP Paribas Financial Markets increased its stake in shares of Evolution Petroleum by 163.4% in the third quarter. BNP Paribas Financial Markets now owns 8,194 shares of the energy company’s stock valued at $39,000 after purchasing an additional 5,083 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Evolution Petroleum by 20.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 13,836 shares of the energy company’s stock valued at $49,000 after purchasing an additional 2,340 shares during the period. Institutional investors own 60.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EPM shares. Northland Securities set a $4.50 price objective on Evolution Petroleum in a research report on Wednesday, May 13th. Freedom Capital cut Evolution Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.93.

Evolution Petroleum Stock Performance

Shares of EPM stock opened at $3.86 on Friday. The stock has a 50-day simple moving average of $4.41 and a 200 day simple moving average of $4.20. Evolution Petroleum Corporation, Inc. has a fifty-two week low of $3.19 and a fifty-two week high of $5.70. The stock has a market capitalization of $138.46 million, a P/E ratio of -35.09 and a beta of 0.24. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.97.

Evolution Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.48 annualized dividend and a dividend yield of 12.4%. Evolution Petroleum’s payout ratio is currently 600.08%.

Evolution Petroleum Company Profile

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.