Evolution Petroleum Co., Inc. (EPM) CFO David Joe Sells 2,056 Shares

Evolution Petroleum Co., Inc. (NYSEAMERICAN:EPM) CFO David Joe sold 2,056 shares of the business’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $8.45, for a total value of $17,373.20. Following the sale, the chief financial officer now directly owns 331,283 shares in the company, valued at $2,799,341.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

David Joe also recently made the following trade(s):

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  • On Monday, April 16th, David Joe sold 4,324 shares of Evolution Petroleum stock. The shares were sold at an average price of $8.30, for a total value of $35,889.20.
  • On Monday, March 12th, David Joe sold 10,317 shares of Evolution Petroleum stock. The shares were sold at an average price of $8.30, for a total value of $85,631.10.
  • On Monday, February 12th, David Joe sold 16,666 shares of Evolution Petroleum stock. The shares were sold at an average price of $8.16, for a total value of $135,994.56.

Shares of EPM traded down $0.03 during trading hours on Thursday, hitting $8.42. 11,935 shares of the company were exchanged, compared to its average volume of 79,181. 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 released its quarterly earnings results on Wednesday, February 7th. The energy company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $11.07 million during the quarter, compared to the consensus estimate of $10.66 million. Evolution Petroleum had a return on equity of 21.51% and a net margin of 35.03%.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend was Wednesday, March 14th. This is an increase from Evolution Petroleum’s previous quarterly dividend of $0.08.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. ArrowMark Colorado Holdings LLC boosted 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 valued at $17,056,000 after purchasing an additional 137,459 shares during the period. Renaissance Technologies LLC raised its holdings in Evolution Petroleum by 7.5% in the 4th quarter. Renaissance Technologies LLC now owns 1,155,400 shares of the energy company’s stock valued at $7,914,000 after acquiring an additional 80,800 shares in the last quarter. WealthTrust Axiom LLC raised its holdings in Evolution Petroleum by 1.8% in the 4th quarter. WealthTrust Axiom LLC now owns 649,355 shares of the energy company’s stock valued at $4,448,000 after acquiring an additional 11,611 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Evolution Petroleum by 20.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 627,699 shares of the energy company’s stock valued at $4,519,000 after acquiring an additional 106,018 shares in the last quarter. Finally, River Road Asset Management LLC raised its holdings in shares of Evolution Petroleum by 1.4% in 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 in the last quarter.

EPM has been the topic of a number of recent research reports. Zacks Investment Research upgraded Evolution Petroleum from a “hold” rating to a “buy” rating and set a $7.50 target price on the stock in a research note on Wednesday, December 20th. Eurobank EFG upgraded Evolution Petroleum from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Thursday, February 8th. Finally, UBS upgraded Evolution Petroleum from a “neutral” rating to a “buy” rating in a research note on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $9.54.

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Evolution Petroleum Company Profile

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)

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