Mckinley Capital Management LLC Delaware decreased its position in Evolution Petroleum Corp (NYSE:EPM) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 177,110 shares of the energy company’s stock after selling 136 shares during the quarter. Mckinley Capital Management LLC Delaware owned about 0.54% of Evolution Petroleum Corp worth $1,435,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. OxFORD Asset Management LLP grew its stake in shares of Evolution Petroleum Corp by 60.2% in the 2nd quarter. OxFORD Asset Management LLP now owns 121,268 shares of the energy company’s stock valued at $982,000 after buying an additional 45,548 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Evolution Petroleum Corp by 29.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 521,681 shares of the energy company’s stock valued at $4,226,000 after buying an additional 117,380 shares in the last quarter. Virtu KCG Holdings LLC bought a new stake in shares of Evolution Petroleum Corp in the 2nd quarter valued at approximately $101,000. Connors Investor Services Inc. grew its stake in shares of Evolution Petroleum Corp by 5.5% in the 2nd quarter. Connors Investor Services Inc. now owns 31,637 shares of the energy company’s stock valued at $256,000 after buying an additional 1,637 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Evolution Petroleum Corp by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,232,494 shares of the energy company’s stock valued at $9,983,000 after buying an additional 44,569 shares in the last quarter.

Evolution Petroleum Corp (NYSE:EPM) traded down 0.71% during midday trading on Friday, reaching $7.00. The company had a trading volume of 7,211 shares. The company has a market cap of $228.86 million and a PE ratio of 33.98. Evolution Petroleum Corp has a 52-week low of $5.98 and a 52-week high of $10.20. The company’s 50-day moving average is $7.38 and its 200 day moving average is $7.77.

Evolution Petroleum Corp (NYSE:EPM) last posted its quarterly earnings results on Wednesday, September 6th. The energy company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.02). The company had revenue of $8.84 million during the quarter, compared to the consensus estimate of $9.52 million. Evolution Petroleum Corp had a net margin of 16.99% and a return on equity of 8.76%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 earnings per share. On average, equities research analysts forecast that Evolution Petroleum Corp will post $0.33 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 4.26%. This is an increase from Evolution Petroleum Corp’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, September 14th.

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Several equities research analysts recently weighed in on EPM shares. BidaskClub upgraded Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Roth Capital set a $11.00 target price on Evolution Petroleum Corp and gave the stock a “buy” rating in a report on Thursday, August 10th. Scotiabank set a $10.00 target price on Evolution Petroleum Corp and gave the stock a “buy” rating in a report on Saturday, July 22nd. Zacks Investment Research upgraded Evolution Petroleum Corp from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Finally, Northland Securities set a $8.00 target price on Evolution Petroleum Corp and gave the stock a “hold” rating in a report on Monday, August 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.60.

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.

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

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