Deprince Race & Zollo Inc. Buys Shares of 10,000 Evolution Petroleum Co. (NYSEAMERICAN:EPM)

Deprince Race & Zollo Inc. bought a new stake in Evolution Petroleum Co. (NYSEAMERICAN:EPM) during the 1st quarter, Holdings Channel.com reports. The fund bought 10,000 shares of the energy company’s stock, valued at approximately $34,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its stake in Evolution Petroleum by 80.7% in the first quarter. BNP Paribas Arbitrage SA now owns 14,485 shares of the energy company’s stock valued at $49,000 after purchasing an additional 6,468 shares during the last quarter. River Road Asset Management LLC grew its stake in shares of Evolution Petroleum by 3.3% during the first quarter. River Road Asset Management LLC now owns 1,414,458 shares of the energy company’s stock worth $4,781,000 after acquiring an additional 45,000 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Evolution Petroleum by 15.7% during the fourth quarter. Rhumbline Advisers now owns 47,531 shares of the energy company’s stock worth $135,000 after acquiring an additional 6,434 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Evolution Petroleum by 2.2% during the first quarter. JPMorgan Chase & Co. now owns 166,863 shares of the energy company’s stock worth $563,000 after acquiring an additional 3,660 shares during the last quarter. Finally, M&T Bank Corp grew its stake in shares of Evolution Petroleum by 13.4% during the first quarter. M&T Bank Corp now owns 42,731 shares of the energy company’s stock worth $144,000 after acquiring an additional 5,060 shares during the last quarter. Institutional investors own 67.35% of the company’s stock.

Shares of EPM stock opened at $4.41 on Thursday. Evolution Petroleum Co. has a fifty-two week low of $2.09 and a fifty-two week high of $5.23. The business’s 50-day simple moving average is $2.82.

Evolution Petroleum (NYSEAMERICAN:EPM) last issued its quarterly earnings results on Sunday, May 9th. The energy company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. Evolution Petroleum had a negative return on equity of 0.48% and a negative net margin of 93.88%. The business had revenue of $7.64 million for the quarter, compared to analyst estimates of $7.22 million. As a group, research analysts forecast that Evolution Petroleum Co. will post 0.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 30th. Investors of record on Wednesday, June 16th were issued a dividend of $0.05 per share. This is an increase from Evolution Petroleum’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, June 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.54%. Evolution Petroleum’s payout ratio is 142.86%.

Separately, Roth Capital boosted their price target on Evolution Petroleum from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, April 22nd.

About Evolution Petroleum

Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company primarily holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana.

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Institutional Ownership by Quarter for Evolution Petroleum (NYSEAMERICAN:EPM)

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