Foundry Partners LLC lifted its holdings in shares of Evolution Petroleum Corp (NYSEAMERICAN:EPM) by 14.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 514,715 shares of the energy company’s stock after purchasing an additional 63,075 shares during the period. Foundry Partners LLC’s holdings in Evolution Petroleum were worth $3,680,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisor Group Inc. raised its stake in Evolution Petroleum by 45.5% in the 4th quarter. Advisor Group Inc. now owns 4,802 shares of the energy company’s stock valued at $33,000 after acquiring an additional 1,502 shares during the period. American Century Companies Inc. raised its stake in Evolution Petroleum by 1.4% in the 4th quarter. American Century Companies Inc. now owns 159,312 shares of the energy company’s stock valued at $1,087,000 after acquiring an additional 2,263 shares during the period. Meeder Asset Management Inc. raised its stake in Evolution Petroleum by 35.6% in the 1st quarter. Meeder Asset Management Inc. now owns 14,903 shares of the energy company’s stock valued at $99,000 after acquiring an additional 3,912 shares during the period. BNP Paribas Arbitrage SA raised its stake in Evolution Petroleum by 59,111.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,329 shares of the energy company’s stock valued at $36,000 after acquiring an additional 5,320 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Evolution Petroleum by 12.2% in the 1st quarter. Victory Capital Management Inc. now owns 111,405 shares of the energy company’s stock valued at $752,000 after acquiring an additional 12,081 shares during the period.
Evolution Petroleum stock traded up $0.11 during midday trading on Wednesday, reaching $6.38. The stock had a trading volume of 2,895 shares, compared to its average volume of 146,681. Evolution Petroleum Corp has a 12 month low of $5.83 and a 12 month high of $12.83.
Separately, Zacks Investment Research cut Goosehead Insurance from a “buy” rating to a “hold” rating in a research note on Monday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $8.94.
Evolution Petroleum Profile
Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company primarily holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana.
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