Evolution Petroleum Corp (NYSE:EPM) Stake Held by Bank of Montreal Can

Bank of Montreal Can held its position in Evolution Petroleum Corp (NYSE:EPM) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,420 shares of the energy company’s stock at the close of the second quarter. Bank of Montreal Can owned 0.06% of Evolution Petroleum Corp worth $149,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Evolution Petroleum Corp by 8.0% during the 1st quarter. Geode Capital Management LLC now owns 259,056 shares of the energy company’s stock valued at $2,072,000 after purchasing an additional 19,140 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its holdings in shares of Evolution Petroleum Corp by 65.0% during the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 135,286 shares of the energy company’s stock valued at $1,081,000 after purchasing an additional 53,286 shares in the last quarter. LSV Asset Management bought a new position in shares of Evolution Petroleum Corp during the 1st quarter valued at $708,000. Prudential Financial Inc. raised its holdings in shares of Evolution Petroleum Corp by 39.2% during the 1st quarter. Prudential Financial Inc. now owns 50,091 shares of the energy company’s stock valued at $401,000 after purchasing an additional 14,100 shares in the last quarter. Finally, Oxford Asset Management bought a new position in shares of Evolution Petroleum Corp during the 1st quarter valued at $606,000.

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Evolution Petroleum Corp (NYSE EPM) traded up 0.72% on Friday, hitting $6.95. 109,615 shares of the stock traded hands. Evolution Petroleum Corp has a 52 week low of $5.87 and a 52 week high of $10.20. The stock has a market cap of $229.85 million and a price-to-earnings ratio of 33.74. The firm’s 50 day moving average is $7.51 and its 200 day moving average is $7.82.

Evolution Petroleum Corp (NYSE:EPM) last issued its quarterly earnings data on Wednesday, September 6th. The energy company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ 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 25.40% and a return on equity of 14.11%. Evolution Petroleum Corp’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 earnings per share. Equities analysts anticipate that Evolution Petroleum Corp will post $0.33 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.075 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This is a positive change from Evolution Petroleum Corp’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a dividend yield of 4.35%.

EPM has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Evolution Petroleum Corp from a “hold” rating to a “sell” rating in a report on Wednesday, May 24th. BidaskClub upgraded shares of Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Northland Securities set a $8.00 target price on shares of Evolution Petroleum Corp and gave the stock a “hold” rating in a report on Monday, August 28th. Scotiabank set a $10.00 target price on shares of Evolution Petroleum Corp and gave the stock a “buy” rating in a report on Saturday, July 22nd. Finally, Roth Capital set a $11.00 target price on shares of Evolution Petroleum Corp and gave the stock a “buy” rating in a report on Monday, May 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price 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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