WealthTrust Axiom LLC increased its position in Evolution Petroleum Corp (NYSE:EPM) by 14.2% during the second quarter, Holdings Channel reports. The institutional investor owned 619,277 shares of the company’s stock after buying an additional 76,789 shares during the period. Evolution Petroleum Corp accounts for approximately 1.3% of WealthTrust Axiom LLC’s investment portfolio, making the stock its 23rd largest position. WealthTrust Axiom LLC owned 1.90% of Evolution Petroleum Corp worth $3,387,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the company. Thomson Horstmann & Bryant Inc. boosted its position in Evolution Petroleum Corp by 3.2% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 1,045,972 shares of the company’s stock worth $5,721,000 after buying an additional 32,128 shares in the last quarter. Foundry Partners LLC boosted its position in Evolution Petroleum Corp by 0.3% in the second quarter. Foundry Partners LLC now owns 224,725 shares of the company’s stock worth $1,229,000 after buying an additional 700 shares in the last quarter. Finally, Strs Ohio boosted its position in Evolution Petroleum Corp by 15.2% in the second quarter. Strs Ohio now owns 66,700 shares of the company’s stock worth $364,000 after buying an additional 8,800 shares in the last quarter.
Evolution Petroleum Corp (NYSE:EPM) traded up 3.97% during trading on Thursday, reaching $6.55. 85,932 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $5.70 and a 200 day moving average price of $5.42. Evolution Petroleum Corp has a 52 week low of $3.60 and a 52 week high of $7.54. The firm has a market capitalization of $212.88 million and a price-to-earnings ratio of 8.97.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.05%.
EPM has been the subject of a number of research analyst reports. Roth Capital restated a “buy” rating on shares of Evolution Petroleum Corp in a research report on Tuesday, July 12th. Zacks Investment Research upgraded shares of Evolution Petroleum Corp from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Tuesday, July 5th. Finally, TheStreet upgraded shares of Evolution Petroleum Corp from a “hold” rating to a “buy” rating in a research report on Thursday, September 8th.
About Evolution Petroleum Corp
Evolution Petroleum Corporation is an independent petroleum company. The Company is engaged in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States. The Company focuses on applying artificial lift technology called Gas Assisted Rod Pump (GARP) for recovering incremental oil and gas from existing wells.
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