Evolution Petroleum Corp (NYSEAMERICAN:EPM) Major Shareholder Sells $80,167.62 in Stock

Evolution Petroleum Corp (NYSEAMERICAN:EPM) major shareholder Advisors L.L.C. Jvl sold 7,806 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $10.27, for a total value of $80,167.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Advisors L.L.C. Jvl also recently made the following trade(s):

  • On Monday, September 24th, Advisors L.L.C. Jvl sold 22,090 shares of Evolution Petroleum stock. The shares were sold at an average price of $11.03, for a total value of $243,652.70.
  • On Friday, September 21st, Advisors L.L.C. Jvl sold 45,000 shares of Evolution Petroleum stock. The shares were sold at an average price of $10.92, for a total value of $491,400.00.
  • On Wednesday, September 19th, Advisors L.L.C. Jvl sold 119,306 shares of Evolution Petroleum stock. The shares were sold at an average price of $10.77, for a total value of $1,284,925.62.
  • On Monday, September 10th, Advisors L.L.C. Jvl sold 18,914 shares of Evolution Petroleum stock. The shares were sold at an average price of $10.07, for a total value of $190,463.98.
  • On Wednesday, September 12th, Advisors L.L.C. Jvl sold 68,914 shares of Evolution Petroleum stock. The shares were sold at an average price of $10.07, for a total value of $693,963.98.
  • On Friday, June 29th, Advisors L.L.C. Jvl sold 144,706 shares of Evolution Petroleum stock. The shares were sold at an average price of $9.96, for a total value of $1,441,271.76.
  • On Monday, June 25th, Advisors L.L.C. Jvl sold 50,000 shares of Evolution Petroleum stock. The shares were sold at an average price of $10.09, for a total value of $504,500.00.
  • On Wednesday, June 27th, Advisors L.L.C. Jvl sold 256,231 shares of Evolution Petroleum stock. The stock was sold at an average price of $10.18, for a total value of $2,608,431.58.
  • On Friday, June 22nd, Advisors L.L.C. Jvl sold 75,000 shares of Evolution Petroleum stock. The stock was sold at an average price of $9.94, for a total value of $745,500.00.

Evolution Petroleum stock opened at $11.05 on Friday. Evolution Petroleum Corp has a 52-week low of $6.35 and a 52-week high of $12.83.

Evolution Petroleum (NYSEAMERICAN:EPM) last released its quarterly earnings data on Friday, September 7th. The energy company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. Evolution Petroleum had a return on equity of 21.51% and a net margin of 35.03%. The firm had revenue of $11.43 million during the quarter, compared to analyst estimates of $11.42 million.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were paid a $0.10 dividend. The ex-dividend date was Thursday, September 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.62%.

Several large investors have recently made changes to their positions in EPM. BlackRock Inc. increased its stake in shares of Evolution Petroleum by 35.2% in the second quarter. BlackRock Inc. now owns 3,025,330 shares of the energy company’s stock valued at $29,798,000 after buying an additional 788,088 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Evolution Petroleum by 23.0% in the second quarter. Renaissance Technologies LLC now owns 1,576,300 shares of the energy company’s stock valued at $15,527,000 after buying an additional 295,100 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Evolution Petroleum in the first quarter valued at $1,363,000. Dimensional Fund Advisors LP increased its stake in shares of Evolution Petroleum by 15.0% in the second quarter. Dimensional Fund Advisors LP now owns 932,363 shares of the energy company’s stock valued at $9,184,000 after buying an additional 121,866 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of Evolution Petroleum in the second quarter valued at $861,000.

EPM has been the subject of several research reports. UBS Group raised Evolution Petroleum from a “neutral” rating to a “buy” rating in a research report on Monday, September 17th. Roth Capital reaffirmed a “neutral” rating and issued a $8.50 target price on shares of Evolution Petroleum in a research report on Monday, July 23rd. Johnson Rice cut Evolution Petroleum from an “accumulate” rating to a “hold” rating and set a $10.00 target price for the company. in a research report on Wednesday, August 15th. Finally, Zacks Investment Research cut Evolution Petroleum from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Evolution Petroleum currently has an average rating of “Hold” and an average price target of $9.70.

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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