Foundry Partners LLC Reduces Stock Holdings in Evolution Petroleum Co. (NYSEAMERICAN:EPM)

Foundry Partners LLC cut its holdings in shares of Evolution Petroleum Co. (NYSEAMERICAN:EPM - Free Report) by 61.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 194,870 shares of the energy company's stock after selling 315,992 shares during the period. Foundry Partners LLC owned about 0.58% of Evolution Petroleum worth $1,132,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EPM. Allspring Global Investments Holdings LLC acquired a new stake in Evolution Petroleum during the 3rd quarter worth approximately $35,000. Ritholtz Wealth Management lifted its position in shares of Evolution Petroleum by 49.5% in the 4th quarter. Ritholtz Wealth Management now owns 15,714 shares of the energy company's stock worth $91,000 after purchasing an additional 5,206 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Evolution Petroleum in the 3rd quarter worth approximately $92,000. Mutual Advisors LLC acquired a new position in shares of Evolution Petroleum in the 3rd quarter worth approximately $114,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Evolution Petroleum by 10.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 22,404 shares of the energy company's stock worth $153,000 after purchasing an additional 2,207 shares during the period. 60.07% of the stock is currently owned by institutional investors and hedge funds.

Evolution Petroleum Trading Down 0.5 %

EPM stock traded down $0.03 during midday trading on Tuesday, reaching $5.71. 125,836 shares of the company's stock traded hands, compared to its average volume of 324,657. The firm has a market capitalization of $191.06 million, a PE ratio of 12.04 and a beta of 0.89. Evolution Petroleum Co. has a 52 week low of $5.00 and a 52 week high of $10.11.

Evolution Petroleum (NYSEAMERICAN:EPM - Get Free Report) last posted its earnings results on Tuesday, February 6th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.07). Evolution Petroleum had a return on equity of 18.44% and a net margin of 17.25%. The firm had revenue of $21.02 million during the quarter, compared to the consensus estimate of $23.67 million. On average, equities analysts predict that Evolution Petroleum Co. will post 0.19 earnings per share for the current fiscal year.

Evolution Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.48 annualized dividend and a dividend yield of 8.41%. Evolution Petroleum's payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on EPM shares. Roth Mkm restated a "buy" rating and issued a $8.25 price target on shares of Evolution Petroleum in a research report on Thursday, April 4th. TheStreet lowered shares of Evolution Petroleum from a "b" rating to a "c+" rating in a research note on Wednesday, February 7th.

Evolution Petroleum Company 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 interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of approximately 13,636 acres located in Northeast Louisiana.