Insider Selling: Evolution Petroleum Corp (EPM) Major Shareholder Sells $23,612.82 in Stock

Evolution Petroleum Corp (NYSEAMERICAN:EPM) major shareholder Advisors L.L.C. Jvl sold 2,926 shares of the company’s stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $8.07, for a total transaction of $23,612.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Advisors L.L.C. Jvl also recently made the following trade(s):

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  • On Thursday, March 22nd, Advisors L.L.C. Jvl sold 37,017 shares of Evolution Petroleum stock. The stock was sold at an average price of $8.12, for a total transaction of $300,578.04.
  • On Friday, March 16th, Advisors L.L.C. Jvl sold 50,070 shares of Evolution Petroleum stock. The stock was sold at an average price of $8.09, for a total transaction of $405,066.30.
  • On Wednesday, March 7th, Advisors L.L.C. Jvl sold 18,440 shares of Evolution Petroleum stock. The stock was sold at an average price of $8.20, for a total transaction of $151,208.00.
  • On Monday, March 12th, Advisors L.L.C. Jvl sold 58,569 shares of Evolution Petroleum stock. The stock was sold at an average price of $8.11, for a total transaction of $474,994.59.
  • On Wednesday, February 21st, Advisors L.L.C. Jvl sold 16,800 shares of Evolution Petroleum stock. The stock was sold at an average price of $7.96, for a total transaction of $133,728.00.
  • On Tuesday, December 18th, Advisors L.L.C. Jvl sold 5,960 shares of Evolution Petroleum stock. The stock was sold at an average price of $6.90, for a total transaction of $41,124.00.
  • On Friday, December 7th, Advisors L.L.C. Jvl sold 13,793 shares of Evolution Petroleum stock. The stock was sold at an average price of $6.79, for a total transaction of $93,654.47.
  • On Tuesday, February 13th, Advisors L.L.C. Jvl sold 11,934 shares of Evolution Petroleum stock. The stock was sold at an average price of $8.00, for a total transaction of $95,472.00.
  • On Thursday, February 15th, Advisors L.L.C. Jvl sold 25,383 shares of Evolution Petroleum stock. The stock was sold at an average price of $8.00, for a total transaction of $203,064.00.

Shares of Evolution Petroleum stock opened at $7.95 on Friday. The company has a market cap of $267.82, a PE ratio of 26.50 and a beta of 0.69. Evolution Petroleum Corp has a 1 year low of $6.35 and a 1 year high of $8.70.

Evolution Petroleum (NYSEAMERICAN:EPM) last released its quarterly earnings results on Wednesday, February 7th. The energy company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The business had revenue of $11.07 million during the quarter, compared to analyst estimates of $10.66 million. Evolution Petroleum had a net margin of 35.03% and a return on equity of 21.51%.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a $0.10 dividend. This is a positive change from Evolution Petroleum’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 5.03%. The ex-dividend date is Wednesday, March 14th. Evolution Petroleum’s dividend payout ratio (DPR) is presently 133.33%.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Evolution Petroleum from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Thursday, February 15th. UBS raised shares of Evolution Petroleum from a “neutral” rating to a “buy” rating in a research 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 research report on Thursday, February 8th. Finally, Johnson Rice assumed coverage on shares of Evolution Petroleum in a research report on Wednesday. They set an “accumulate” rating and a $10.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $9.54.

Several institutional investors have recently made changes to their positions in the stock. Millennium Management LLC raised its position in shares of Evolution Petroleum by 55.3% in the 4th quarter. Millennium Management LLC now owns 51,371 shares of the energy company’s stock valued at $352,000 after purchasing an additional 18,302 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Evolution Petroleum by 14.0% in the 4th quarter. Two Sigma Investments LP now owns 56,738 shares of the energy company’s stock valued at $389,000 after purchasing an additional 6,963 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new position in shares of Evolution Petroleum in the 4th quarter valued at approximately $170,000. Cornercap Investment Counsel Inc. raised its position in shares of Evolution Petroleum by 15.5% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 110,485 shares of the energy company’s stock valued at $757,000 after purchasing an additional 14,855 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Evolution Petroleum by 20.2% in the 4th quarter. Deutsche Bank AG now owns 105,466 shares of the energy company’s stock valued at $719,000 after purchasing an additional 17,701 shares during the last quarter.

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About Evolution Petroleum

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.

Insider Buying and Selling by Quarter for Evolution Petroleum (NYSEAMERICAN:EPM)

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