Everton Resources Inc (NYSE:EVR) 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. Following the completion of the transaction, the general counsel now owns 62,401 shares of the company’s stock, valued at C$5,040,128.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Everton Resources Inc (NYSE EVR) traded up C$0.45 during mid-day trading on Friday, reaching C$80.80. The company’s stock had a trading volume of 421,090 shares, compared to its average volume of 391,149. Everton Resources Inc has a 12-month low of C$60.00 and a 12-month high of C$83.30.

Everton Resources (NYSE:EVR) last issued its earnings results on Thursday, October 26th. The company reported C$1.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.10 by C$0.12. Everton Resources had a return on equity of 14.32% and a net margin of 6.90%. The company had revenue of C$402.90 million during the quarter, compared to the consensus estimate of C$373.28 million. During the same period in the previous year, the company posted $1.22 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year.

Everton Resources declared that its Board of Directors has approved a stock buyback program on Thursday, October 26th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.40 per share. This is an increase from Everton Resources’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Wednesday, November 22nd.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Everton Resources by 3.5% during the 2nd quarter. BlackRock Inc. now owns 6,621,562 shares of the company’s stock worth $466,819,000 after acquiring an additional 222,311 shares during the period. Vanguard Group Inc. boosted its stake in shares of Everton Resources by 20.2% during the 2nd quarter. Vanguard Group Inc. now owns 3,749,865 shares of the company’s stock worth $264,365,000 after acquiring an additional 630,238 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Everton Resources by 6.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,316,100 shares of the company’s stock worth $92,785,000 after acquiring an additional 80,100 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Everton Resources by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,096,362 shares of the company’s stock worth $77,294,000 after acquiring an additional 63,028 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Everton Resources by 8.4% during the 2nd quarter. American Century Companies Inc. now owns 1,039,596 shares of the company’s stock worth $73,292,000 after acquiring an additional 80,120 shares during the period.

A number of research firms have weighed in on EVR. Zacks Investment Research upgraded Everton Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Nomura raised their price target on Everton Resources from $78.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of C$79.88.

About Everton Resources

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.

Insider Buying and Selling by Quarter for Everton Resources (NYSE:EVR)

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