TIAA CREF Investment Management LLC raised its position in Evolution Petroleum Corp (NYSE:EPM) by 59.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 100,774 shares of the energy company’s stock after purchasing an additional 37,447 shares during the period. TIAA CREF Investment Management LLC owned 0.31% of Evolution Petroleum Corp worth $816,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of EPM. First Quadrant L P CA acquired a new position in shares of Evolution Petroleum Corp in the 2nd quarter worth approximately $112,000. American International Group Inc. lifted its position in shares of Evolution Petroleum Corp by 7.1% in the 1st quarter. American International Group Inc. now owns 15,033 shares of the energy company’s stock worth $120,000 after purchasing an additional 999 shares during the period. Alliancebernstein L.P. acquired a new position in shares of Evolution Petroleum Corp in the 2nd quarter worth approximately $133,000. Metropolitan Life Insurance Co. NY lifted its position in shares of Evolution Petroleum Corp by 15.1% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 20,319 shares of the energy company’s stock worth $163,000 after purchasing an additional 2,662 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Evolution Petroleum Corp by 1.4% in the 2nd quarter. Rhumbline Advisers now owns 27,341 shares of the energy company’s stock worth $221,000 after purchasing an additional 365 shares during the period.

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Evolution Petroleum Corp (EPM) opened at $7.30 on Monday. Evolution Petroleum Corp has a 1 year low of $6.35 and a 1 year high of $10.20.

Evolution Petroleum Corp (NYSE:EPM) last released its earnings results on Wednesday, November 8th. The energy company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. Evolution Petroleum Corp had a net margin of 16.99% and a return on equity of 8.76%. The company had revenue of $8.54 million for the quarter, compared to the consensus estimate of $8.19 million. During the same quarter in the previous year, the company earned $0.02 EPS. Evolution Petroleum Corp’s quarterly revenue was up 12.5% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.11%.

EPM has been the topic of a number of recent analyst reports. Roth Capital set a $11.00 price target on shares of Evolution Petroleum Corp and gave the stock a “buy” rating in a research report on Friday, October 20th. Northland Securities set a $8.00 target price on shares of Evolution Petroleum Corp and gave the company a “hold” rating in a research report on Monday, August 28th. Scotiabank set a $10.00 target price on shares of Evolution Petroleum Corp and gave the company a “buy” rating in a research report on Saturday, July 22nd. BidaskClub downgraded shares of Evolution Petroleum Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of Evolution Petroleum Corp from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.67.

About Evolution Petroleum Corp

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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Institutional Ownership by Quarter for Evolution Petroleum Corp (NYSE:EPM)

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