Evolution Petroleum Corp (EPM) CFO David Joe Sells 16,666 Shares

Evolution Petroleum Corp (NYSEAMERICAN:EPM) CFO David Joe sold 16,666 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $8.16, for a total transaction of $135,994.56. Following the completion of the sale, the chief financial officer now directly owns 345,924 shares of the company’s stock, valued at approximately $2,822,739.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Evolution Petroleum Corp (NYSEAMERICAN:EPM) remained flat at $$8.00 on Wednesday. 76,594 shares of the company’s stock were exchanged, compared to its average volume of 84,332. The firm has a market capitalization of $269.52, a price-to-earnings ratio of 32.00 and a beta of 0.78. Evolution Petroleum Corp has a 12-month low of $6.35 and a 12-month high of $9.30.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.00%. This is a positive change from Evolution Petroleum’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, March 14th. Evolution Petroleum’s dividend payout ratio (DPR) is presently 120.00%.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Evolution Petroleum from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. UBS Group raised shares of Evolution Petroleum from a “neutral” rating to a “buy” rating in a report on Thursday, February 8th. Eurobank EFG raised shares of Evolution Petroleum from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Thursday, February 8th. Roth Capital set a $11.00 price target on shares of Evolution Petroleum and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Northland Securities set a $7.00 price target on shares of Evolution Petroleum and gave the company a “hold” rating in a report on Monday, December 11th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $9.15.

Hedge funds have recently made changes to their positions in the business. Virtu KCG Holdings LLC acquired a new position in Evolution Petroleum during the 2nd quarter worth $101,000. Alliancebernstein L.P. acquired a new position in Evolution Petroleum during the 2nd quarter worth $133,000. Stone Ridge Asset Management LLC acquired a new position in Evolution Petroleum during the 4th quarter worth $170,000. First Quadrant L P CA grew its holdings in Evolution Petroleum by 93.7% during the 3rd quarter. First Quadrant L P CA now owns 26,706 shares of the energy company’s stock worth $192,000 after acquiring an additional 12,917 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Evolution Petroleum by 21.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,975 shares of the energy company’s stock worth $194,000 after acquiring an additional 4,215 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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