Evolution Petroleum Corp (NYSEAMERICAN:EPM) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 497,096 shares, a decrease of 28.1% from the January 15th total of 691,149 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average daily trading volume, of 146,458 shares, the days-to-cover ratio is currently 3.4 days.
In other news, Director Marran H. Ogilvie acquired 6,800 shares of the firm’s stock in a transaction on Monday, December 31st. The shares were purchased at an average cost of $6.81 per share, with a total value of $46,308.00. Following the acquisition, the director now directly owns 36,667 shares in the company, valued at approximately $249,702.27. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. grew its holdings in shares of Evolution Petroleum by 45.5% during the 4th quarter. Advisor Group Inc. now owns 4,802 shares of the energy company’s stock worth $33,000 after purchasing an additional 1,502 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Evolution Petroleum during the 4th quarter worth $73,000. Nisa Investment Advisors LLC grew its holdings in shares of Evolution Petroleum by 841.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 11,860 shares of the energy company’s stock worth $81,000 after purchasing an additional 10,600 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Evolution Petroleum during the 4th quarter worth $134,000. Finally, Caxton Associates LP acquired a new stake in shares of Evolution Petroleum during the 3rd quarter worth $139,000.
EPM opened at $7.50 on Thursday. Evolution Petroleum has a 52-week low of $6.17 and a 52-week high of $12.83.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 5.33%. The ex-dividend date of this dividend is Thursday, March 14th.
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Evolution Petroleum Company Profile
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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