Evolution Petroleum Corporation, Inc. $EPM Stock Holdings Lessened by River Road Asset Management LLC

River Road Asset Management LLC lowered its stake in Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) by 58.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 537,375 shares of the energy company’s stock after selling 757,018 shares during the period. River Road Asset Management LLC’s holdings in Evolution Petroleum were worth $1,902,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Comerica Bank boosted its stake in shares of Evolution Petroleum by 894.0% during the 3rd quarter. Comerica Bank now owns 6,908 shares of the energy company’s stock worth $33,000 after acquiring an additional 6,213 shares in the last quarter. StoneX Group Inc. acquired a new stake in shares of Evolution Petroleum during the fourth quarter worth $36,000. Inscription Capital LLC acquired a new stake in shares of Evolution Petroleum during the fourth quarter worth $38,000. BNP Paribas Financial Markets lifted its holdings in shares of Evolution Petroleum by 163.4% during the third quarter. BNP Paribas Financial Markets now owns 8,194 shares of the energy company’s stock valued at $39,000 after purchasing an additional 5,083 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Evolution Petroleum by 20.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 13,836 shares of the energy company’s stock valued at $49,000 after purchasing an additional 2,340 shares during the last quarter. Institutional investors and hedge funds own 60.07% of the company’s stock.

Evolution Petroleum Price Performance

Shares of NYSEAMERICAN:EPM opened at $3.86 on Friday. The company’s fifty day moving average is $4.41 and its two-hundred day moving average is $4.20. The company has a market cap of $138.46 million, a P/E ratio of -35.09 and a beta of 0.24. Evolution Petroleum Corporation, Inc. has a 12-month low of $3.19 and a 12-month high of $5.70. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.97.

Evolution Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend is Monday, June 15th. Evolution Petroleum’s dividend payout ratio is currently 600.08%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EPM shares. Northland Securities set a $4.50 price target on Evolution Petroleum in a research report on Wednesday, May 13th. Freedom Capital downgraded Evolution Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.93.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO? injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO? management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO? field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.