Evolution Petroleum Corporation, Inc. (EPM) To Go Ex-Dividend on June 15th

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) declared a quarterly dividend on Monday, May 11th. Investors of record on Monday, June 15th will be given a dividend of 0.12 per share by the energy company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date of this dividend is Monday, June 15th.

Evolution Petroleum has increased its dividend payment by an average of 0.1%annually over the last three years. Evolution Petroleum has a dividend payout ratio of 4,800.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Evolution Petroleum to earn $0.04 per share next year, which means the company may not be able to cover its $0.48 annual dividend with an expected future payout ratio of 1,200.0%.

Evolution Petroleum Stock Down 9.7%

Shares of EPM stock traded down $0.47 on Wednesday, reaching $4.33. 608,584 shares of the company’s stock traded hands, compared to its average volume of 409,212. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.90 and a current ratio of 0.90. Evolution Petroleum has a 12-month low of $3.19 and a 12-month high of $5.70. The business’s 50 day moving average price is $4.56 and its two-hundred day moving average price is $4.19. The company has a market capitalization of $151.38 million, a P/E ratio of 54.44 and a beta of 0.29.

Institutional Trading of Evolution Petroleum

Several hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC bought a new stake in shares of Evolution Petroleum in the first quarter valued at about $91,000. Goldman Sachs Group Inc. raised its position in Evolution Petroleum by 24.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 139,715 shares of the energy company’s stock valued at $724,000 after buying an additional 27,068 shares during the last quarter. Jane Street Group LLC acquired a new stake in Evolution Petroleum in the 1st quarter valued at approximately $102,000. Focus Partners Wealth bought a new stake in Evolution Petroleum in the 1st quarter valued at approximately $70,000. Finally, Sei Investments Co. acquired a new position in Evolution Petroleum during the 2nd quarter worth approximately $77,000. 60.07% of the stock is currently owned by institutional investors and hedge funds.

About Evolution Petroleum

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.