North Star Investment Management Corp. Decreases Stock Position in Evolution Petroleum Corporation, Inc. $EPM

North Star Investment Management Corp. trimmed its position in Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) by 18.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 556,190 shares of the energy company’s stock after selling 124,797 shares during the quarter. North Star Investment Management Corp. owned about 1.59% of Evolution Petroleum worth $1,969,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank boosted its position in shares of Evolution Petroleum by 894.0% during the third quarter. Comerica Bank now owns 6,908 shares of the energy company’s stock valued at $33,000 after buying an additional 6,213 shares during the period. Inscription Capital LLC bought a new position in Evolution Petroleum in the 4th quarter valued at $38,000. BNP Paribas Financial Markets lifted its position in shares of Evolution Petroleum by 163.4% during the third quarter. BNP Paribas Financial Markets now owns 8,194 shares of the energy company’s stock worth $39,000 after purchasing an additional 5,083 shares during the last quarter. Interchange Capital Partners LLC purchased a new stake in shares of Evolution Petroleum during the fourth quarter valued at $50,000. Finally, Franklin Resources Inc. purchased a new stake in shares of Evolution Petroleum during the third quarter valued at $53,000. 60.07% of the stock is owned by hedge funds and other institutional investors.

Evolution Petroleum Trading Down 0.3%

Shares of NYSEAMERICAN EPM traded down $0.02 during mid-day trading on Thursday, reaching $4.75. The company had a trading volume of 40,877 shares, compared to its average volume of 418,248. The stock has a market cap of $166.08 million, a price-to-earnings ratio of 59.31 and a beta of 0.27. Evolution Petroleum Corporation, Inc. has a 52 week low of $3.19 and a 52 week high of $5.70. The business’s 50-day moving average is $4.51 and its 200-day moving average is $4.18. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.81.

Evolution Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 10.1%. The ex-dividend date was Monday, March 16th. Evolution Petroleum’s dividend payout ratio (DPR) is presently 600.08%.

Evolution Petroleum Profile

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.