Victory Capital Management Inc. Sells 14,567 Shares of Evolution Petroleum Corporation (NYSE:EPM)

Victory Capital Management Inc. cut its holdings in shares of Evolution Petroleum Corporation (NYSE:EPM) by 53.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,557 shares of the company’s stock after selling 14,567 shares during the period. Victory Capital Management Inc.’s holdings in Evolution Petroleum were worth $67,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWA Asset Management Group LLC acquired a new stake in Evolution Petroleum in the 3rd quarter valued at about $1,136,000. Exchange Traded Concepts LLC bought a new stake in shares of Evolution Petroleum during the third quarter valued at approximately $297,000. SG Americas Securities LLC bought a new stake in shares of Evolution Petroleum during the third quarter valued at approximately $56,000. Finally, Creative Planning acquired a new stake in shares of Evolution Petroleum in the third quarter valued at approximately $53,000. 60.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EPM has been the topic of several research reports. Northland Capmk raised Evolution Petroleum to a “strong-buy” rating in a report on Thursday, October 17th. StockNews.com upgraded Evolution Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th.

Evolution Petroleum Trading Up 1.0 %

Evolution Petroleum stock opened at $5.86 on Monday. The firm has a market cap of $196.87 million, a P/E ratio of 41.86 and a beta of 0.82. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.50. Evolution Petroleum Corporation has a 1 year low of $4.59 and a 1 year high of $6.28. The company’s 50-day simple moving average is $5.52.

Evolution Petroleum (NYSE:EPM) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Evolution Petroleum had a net margin of 5.36% and a return on equity of 4.65%. The business had revenue of $21.23 million during the quarter, compared to analyst estimates of $24.44 million. Research analysts forecast that Evolution Petroleum Corporation will post 0.28 EPS for the current year.

Evolution Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.12 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.48 annualized dividend and a dividend yield of 8.19%. Evolution Petroleum’s dividend payout ratio is currently 342.86%.

Evolution Petroleum Profile

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 a non-operated interests in the SCOOP and STACK plays located in Central Oklahoma; the Chaveroo Field situated in Chaves and Roosevelt Counties, New Mexico; the Jonah Field located in Sublette County, Wyoming; the Williston Basin situated in Williston, North Dakota; the Barnett Shale field located in North Texas; the Hamilton Dome situated in Hot Springs County, Wyoming; and the Delhi Field, an onshore CO2-EOR project located in northeast Louisiana in Franklin, Madison, and Richland Parishes, as well as small overriding royalty interests in four onshore central Texas wells.