IndexIQ Advisors LLC lifted its position in shares of Everton Resources Inc (NYSE:EVR) by 82.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,126 shares of the company’s stock after buying an additional 5,044 shares during the period. IndexIQ Advisors LLC’s holdings in Everton Resources were worth $893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Evercore Wealth Management LLC increased its holdings in shares of Everton Resources by 53.6% during the 2nd quarter. Evercore Wealth Management LLC now owns 1,536 shares of the company’s stock worth $108,000 after buying an additional 536 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Everton Resources by 7.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the company’s stock worth $127,000 after buying an additional 132 shares during the last quarter. Flinton Capital Management LLC increased its holdings in shares of Everton Resources by 77.3% during the 2nd quarter. Flinton Capital Management LLC now owns 1,872 shares of the company’s stock worth $132,000 after buying an additional 816 shares during the last quarter. First Quadrant L P CA acquired a new stake in shares of Everton Resources during the 2nd quarter worth approximately $145,000. Finally, LS Investment Advisors LLC increased its holdings in shares of Everton Resources by 4.7% during the 2nd quarter. LS Investment Advisors LLC now owns 2,263 shares of the company’s stock worth $160,000 after buying an additional 102 shares during the last quarter.
In other Everton Resources news, General Counsel Adam B. Frankel sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of C$80.77, for a total value of C$80,770.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert B. Walsh sold 22,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of C$75.05, for a total transaction of C$1,651,100.00. Following the completion of the transaction, the insider now directly owns 105,047 shares of the company’s stock, valued at approximately C$7,883,777.35. The disclosure for this sale can be found here.
A number of analysts have recently issued reports on EVR shares. Zacks Investment Research upgraded shares of Everton Resources from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a report on Wednesday, September 13th. Nomura raised their price target on shares of Everton Resources from $78.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Everton Resources has an average rating of “Hold” and an average target price of C$79.88.
Everton Resources Inc (NYSE:EVR) traded up C$0.45 during trading hours on Friday, hitting C$80.80. 421,090 shares of the company were exchanged, compared to its average volume of 391,149. Everton Resources Inc has a 1 year low of C$60.00 and a 1 year high of C$83.30.
Everton Resources (NYSE:EVR) last posted its quarterly earnings data on Thursday, October 26th. The company reported C$1.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$1.10 by C$0.12. The firm had revenue of C$402.90 million during the quarter, compared to analysts’ expectations of C$373.28 million. Everton Resources had a net margin of 6.90% and a return on equity of 14.32%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $1.22 EPS.
Everton Resources declared that its Board of Directors has approved a stock buyback plan on Thursday, October 26th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.98%. This is a boost from Everton Resources’s previous quarterly dividend of $0.34.
Everton Resources Profile
Evercore Inc, formerly Evercore Partners Inc, is a global independent investment banking advisory company. The Company advises a diverse set of investment banking clients on a wide range of transactions and issues and provides institutional investors with high quality equity research, sales and trading execution that is free of the conflicts created by proprietary activities.
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