Insider Selling: Evolution Petroleum Corp (EPM) CFO Sells 16,666 Shares of Stock

Evolution Petroleum Corp (NYSEAMERICAN:EPM) CFO David Joe sold 16,666 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $8.16, for a total value of $135,994.56. Following the transaction, the chief financial officer now owns 345,924 shares in the company, valued at approximately $2,822,739.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Evolution Petroleum Corp (EPM) traded down $0.13 during trading hours on Thursday, reaching $7.87. The company had a trading volume of 29,029 shares, compared to its average volume of 82,496. The firm has a market capitalization of $264.51, a P/E ratio of 16.31 and a beta of 0.78. Evolution Petroleum Corp has a 1-year low of $6.35 and a 1-year high of $9.30.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.40 dividend on an annualized basis and a yield of 5.08%. This is an increase from Evolution Petroleum’s previous quarterly dividend of $0.08. Evolution Petroleum’s dividend payout ratio is currently 62.50%.

A number of equities analysts have recently weighed in on EPM shares. Zacks Investment Research upgraded Evolution Petroleum from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Roth Capital set a $11.00 price target on Evolution Petroleum and gave the stock a “buy” rating in a research report on Friday, October 20th. Northland Securities set a $7.00 price target on Evolution Petroleum and gave the stock a “hold” rating in a research report on Monday, December 11th. UBS Group raised Evolution Petroleum from a “neutral” rating to a “buy” rating in a research report on Thursday, February 8th. Finally, Eurobank EFG raised Evolution Petroleum from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Evolution Petroleum has an average rating of “Buy” and a consensus price target of $9.15.

Large investors have recently modified their holdings of the stock. Virtu KCG Holdings LLC acquired a new stake in Evolution Petroleum during the second quarter worth approximately $101,000. Alliancebernstein L.P. acquired a new stake in Evolution Petroleum during the second quarter worth approximately $133,000. The Manufacturers Life Insurance Company grew its position in Evolution Petroleum by 21.3% during the second quarter. The Manufacturers Life Insurance Company now owns 23,975 shares of the energy company’s stock worth $194,000 after buying an additional 4,215 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Evolution Petroleum during the fourth quarter worth approximately $170,000. Finally, First Quadrant L P CA boosted its holdings in shares of Evolution Petroleum by 93.7% in the 3rd quarter. First Quadrant L P CA now owns 26,706 shares of the energy company’s stock valued at $192,000 after purchasing an additional 12,917 shares in the last quarter.

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Evolution Petroleum Company Profile

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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