JVL Advisors L.L.C. Cuts Stake in Evolution Petroleum Corp (NYSEAMERICAN:EPM)

JVL Advisors L.L.C. lessened its stake in Evolution Petroleum Corp (NYSEAMERICAN:EPM) by 3.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,150,042 shares of the energy company’s stock after selling 67,720 shares during the quarter. Evolution Petroleum accounts for about 11.1% of JVL Advisors L.L.C.’s investment portfolio, making the stock its 4th biggest holding. JVL Advisors L.L.C. owned about 0.06% of Evolution Petroleum worth $15,373,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted 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 in the last quarter. Marshall Wace LLP acquired a new stake in shares of Evolution Petroleum in the first quarter valued at approximately $146,000. Stone Ridge Asset Management LLC raised its holdings in shares of Evolution Petroleum by 103.3% in the second quarter. Stone Ridge Asset Management LLC now owns 20,646 shares of the energy company’s stock valued at $148,000 after purchasing an additional 10,489 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of Evolution Petroleum in the second quarter worth $177,000. Finally, Amica Retiree Medical Trust bought a new stake in shares of Evolution Petroleum in the first quarter worth $195,000.

Shares of Evolution Petroleum stock traded up $0.17 during trading hours on Wednesday, reaching $6.31. 7,902 shares of the company’s stock were exchanged, compared to its average volume of 142,735. Evolution Petroleum Corp has a fifty-two week low of $5.53 and a fifty-two week high of $12.83.

The business also recently disclosed a dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.10 dividend. This is a boost from Evolution Petroleum’s previous dividend of $0.05. The ex-dividend date is Thursday, September 12th.

Separately, Zacks Investment Research cut shares of Evolution Petroleum from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th.

Evolution Petroleum Company 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.

Read More: Why do commodities matter?

Want to see what other hedge funds are holding EPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evolution Petroleum Corp (NYSEAMERICAN:EPM).

Institutional Ownership 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.