Evolution Petroleum Co., Inc. (EPM) Major Shareholder Sells $97,020.66 in Stock

Evolution Petroleum Co., Inc. (NYSEAMERICAN:EPM) major shareholder Advisors L.L.C. Jvl sold 11,919 shares of Evolution Petroleum stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $8.14, for a total value of $97,020.66. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

How to Become a New Pot Stock Millionaire
  • On Tuesday, March 27th, Advisors L.L.C. Jvl sold 1,444 shares of Evolution Petroleum stock. The shares were sold at an average price of $8.20, for a total value of $11,840.80.
  • On Tuesday, March 20th, Advisors L.L.C. Jvl sold 2,926 shares of Evolution Petroleum stock. The shares were sold at an average price of $8.07, for a total value of $23,612.82.
  • On Thursday, March 22nd, Advisors L.L.C. Jvl sold 37,017 shares of Evolution Petroleum stock. The shares were sold at an average price of $8.12, for a total value of $300,578.04.
  • On Friday, March 16th, Advisors L.L.C. Jvl sold 50,070 shares of Evolution Petroleum stock. The shares were sold at an average price of $8.09, for a total value of $405,066.30.
  • On Wednesday, March 7th, Advisors L.L.C. Jvl sold 18,440 shares of Evolution Petroleum stock. The shares were sold at an average price of $8.20, for a total value of $151,208.00.
  • On Monday, March 12th, Advisors L.L.C. Jvl sold 58,569 shares of Evolution Petroleum stock. The shares were sold at an average price of $8.11, for a total value of $474,994.59.
  • On Wednesday, February 21st, Advisors L.L.C. Jvl sold 16,800 shares of Evolution Petroleum stock. The shares were sold at an average price of $7.96, for a total value of $133,728.00.
  • On Tuesday, December 18th, Advisors L.L.C. Jvl sold 5,960 shares of Evolution Petroleum stock. The shares were sold at an average price of $6.90, for a total value of $41,124.00.
  • On Friday, December 7th, Advisors L.L.C. Jvl sold 13,793 shares of Evolution Petroleum stock. The shares were sold at an average price of $6.79, for a total value of $93,654.47.
  • On Tuesday, February 13th, Advisors L.L.C. Jvl sold 11,934 shares of Evolution Petroleum stock. The shares were sold at an average price of $8.00, for a total value of $95,472.00.

Shares of NYSEAMERICAN:EPM traded down $0.10 on Monday, reaching $8.05. The company had a trading volume of 106,600 shares, compared to its average volume of 82,911. Evolution Petroleum Co., Inc. has a 52-week low of $6.35 and a 52-week high of $8.70.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were issued a $0.10 dividend. The ex-dividend date was Wednesday, March 14th. This is an increase from Evolution Petroleum’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.97%.

Several large investors have recently made changes to their positions in the company. ArrowMark Colorado Holdings LLC grew its stake in Evolution Petroleum by 5.8% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 2,489,883 shares of the energy company’s stock worth $17,056,000 after buying an additional 137,459 shares during the last quarter. Renaissance Technologies LLC grew its stake in Evolution Petroleum by 7.5% during the 4th quarter. Renaissance Technologies LLC now owns 1,155,400 shares of the energy company’s stock worth $7,914,000 after buying an additional 80,800 shares during the last quarter. WealthTrust Axiom LLC grew its stake in Evolution Petroleum by 1.8% during the 4th quarter. WealthTrust Axiom LLC now owns 649,355 shares of the energy company’s stock worth $4,448,000 after buying an additional 11,611 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Evolution Petroleum by 20.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 627,699 shares of the energy company’s stock worth $4,519,000 after buying an additional 106,018 shares during the last quarter. Finally, River Road Asset Management LLC grew its stake in Evolution Petroleum by 1.4% during the 4th quarter. River Road Asset Management LLC now owns 487,568 shares of the energy company’s stock worth $3,340,000 after buying an additional 6,950 shares during the last quarter.

A number of brokerages have weighed in on EPM. Zacks Investment Research raised Evolution Petroleum from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research report on Thursday, February 15th. UBS raised Evolution Petroleum from a “neutral” rating to a “buy” rating in a research report on Thursday, February 8th. Eurobank EFG raised Evolution Petroleum from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Thursday, February 8th. Finally, Northland Securities set a $7.00 price target on Evolution Petroleum and gave the company a “hold” rating in a report on Monday, December 11th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $9.54.

TRADEMARK VIOLATION NOTICE: This story was first reported by WKRB News and is the property of of WKRB News. If you are viewing this story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this story can be accessed at https://www.wkrb13.com/2018/04/02/evolution-petroleum-co-inc-epm-major-shareholder-sells-97020-66-in-stock.html.

About Evolution Petroleum

Evolution Petroleum Corporation, an independent oil and gas company, engages in the acquisition, exploitation, and development of properties for the production of crude oil and natural gas, onshore in the United States. The company's principal assets include interests in a CO2 enhanced oil recovery project and the natural gas liquids recovery plant in the Delhi field Louisiana.

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

Receive News & Ratings for Evolution Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evolution Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply