AQR Capital Management LLC Has $93,000 Position in Evolution Petroleum Co. (NYSEAMERICAN:EPM)

AQR Capital Management LLC lowered its holdings in shares of Evolution Petroleum Co. (NYSEAMERICAN:EPM) by 70.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,726 shares of the energy company’s stock after selling 42,325 shares during the quarter. AQR Capital Management LLC’s holdings in Evolution Petroleum were worth $93,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EPM. Register Financial Advisors LLC raised its position in Evolution Petroleum by 71.2% in the 1st quarter. Register Financial Advisors LLC now owns 276,405 shares of the energy company’s stock valued at $1,697,000 after buying an additional 114,987 shares during the last quarter. Kings Path Partners LLC acquired a new stake in Evolution Petroleum in the 2nd quarter valued at approximately $566,000. North Star Investment Management Corp. raised its position in Evolution Petroleum by 8.9% in the 1st quarter. North Star Investment Management Corp. now owns 769,369 shares of the energy company’s stock valued at $4,724,000 after buying an additional 63,105 shares during the last quarter. Renaissance Technologies LLC raised its position in Evolution Petroleum by 4.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,315,383 shares of the energy company’s stock valued at $6,932,000 after buying an additional 58,586 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in Evolution Petroleum in the 2nd quarter valued at approximately $305,000. Institutional investors and hedge funds own 60.07% of the company’s stock.

Evolution Petroleum Stock Performance

EPM stock opened at $5.27 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $175.81 million, a price-to-earnings ratio of 65.88 and a beta of 0.81. Evolution Petroleum Co. has a twelve month low of $4.59 and a twelve month high of $6.62.

Evolution Petroleum (NYSEAMERICAN:EPM) last posted its quarterly earnings results on Tuesday, September 10th. The energy company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The company had revenue of $21.23 million during the quarter, compared to the consensus estimate of $24.44 million. Evolution Petroleum had a net margin of 4.75% and a return on equity of 5.30%. Equities research analysts forecast that Evolution Petroleum Co. will post 0.42 EPS for the current fiscal year.

Evolution Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, September 20th. This represents a $0.48 annualized dividend and a dividend yield of 9.11%. Evolution Petroleum’s dividend payout ratio is currently 600.08%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Evolution Petroleum to a “sell” rating in a research note on Wednesday, September 11th.

About Evolution Petroleum

Evolution Petroleum Corporation, an energy company, engages in the development, production, ownership, and exploitation of onshore oil and gas properties in the United States. The company holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of approximately 13,636 acres located in Northeast Louisiana.