Ameriprise Financial Inc. held its position in shares of Evolution Petroleum Corp (NYSE:EPM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,779 shares of the energy company’s stock at the end of the first quarter. Ameriprise Financial Inc. owned approximately 0.34% of Evolution Petroleum Corp worth $886,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of EPM. Nationwide Fund Advisors increased its position in shares of Evolution Petroleum Corp by 14.2% in the first 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 during the last quarter. Bank of Montreal Can increased its position in shares of Evolution Petroleum Corp by 559.3% in the first 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 during the last quarter. Metropolitan Life Insurance Co. NY bought a new position in shares of Evolution Petroleum Corp during the fourth quarter worth $177,000. Sawgrass Asset Management LLC bought a new position in shares of Evolution Petroleum Corp during the first quarter worth $218,000. Finally, LSV Asset Management bought a new position in shares of Evolution Petroleum Corp during the first quarter worth $708,000.
Shares of Evolution Petroleum Corp (NYSE EPM) traded down 2.53% on Friday, reaching $7.70. The company’s stock had a trading volume of 42,398 shares. The company’s 50 day moving average is $8.08 and its 200-day moving average is $8.05. The firm has a market cap of $251.54 million and a price-to-earnings ratio of 9.78. Evolution Petroleum Corp has a 1-year low of $5.34 and a 1-year high of $10.20.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from Evolution Petroleum Corp’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a yield of 3.90%.
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A number of research analysts recently weighed in on the company. BidaskClub raised Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Scotiabank set a $10.00 price objective on Evolution Petroleum Corp and gave the company a “buy” rating in a research note on Monday, June 5th. Zacks Investment Research downgraded Evolution Petroleum Corp from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Finally, Roth Capital set a $11.00 price objective on Evolution Petroleum Corp and gave the company a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Evolution Petroleum Corp has an average rating of “Hold” and an average target price of $10.00.
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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