Bank of New York Mellon Corp Has $2.11 Million Stock Holdings in Evolution Petroleum Co. (NYSEAMERICAN:EPM)

Bank of New York Mellon Corp boosted its position in Evolution Petroleum Co. (NYSEAMERICAN:EPM) by 7.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 400,178 shares of the energy company’s stock after acquiring an additional 26,286 shares during the quarter. Bank of New York Mellon Corp owned 1.20% of Evolution Petroleum worth $2,109,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EPM. Register Financial Advisors LLC grew its holdings in shares of Evolution Petroleum by 1.5% during the second quarter. Register Financial Advisors LLC now owns 280,449 shares of the energy company’s stock worth $1,478,000 after purchasing an additional 4,044 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Evolution Petroleum by 10.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 55,472 shares of the energy company’s stock valued at $341,000 after acquiring an additional 5,084 shares during the period. Connors Investor Services Inc. increased its position in Evolution Petroleum by 19.9% in the 1st quarter. Connors Investor Services Inc. now owns 48,300 shares of the energy company’s stock valued at $297,000 after acquiring an additional 8,000 shares during the period. Vanguard Group Inc. raised its stake in shares of Evolution Petroleum by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,611,605 shares of the energy company’s stock valued at $9,895,000 after acquiring an additional 8,904 shares during the last quarter. Finally, SpiderRock Advisors LLC acquired a new position in shares of Evolution Petroleum during the first quarter worth $71,000. 60.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Evolution Petroleum to a “sell” rating in a report on Wednesday, September 11th.

Evolution Petroleum Price Performance

Shares of NYSEAMERICAN:EPM opened at $5.73 on Wednesday. Evolution Petroleum Co. has a one year low of $4.59 and a one year high of $7.26. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market capitalization of $191.15 million, a PE ratio of 71.63 and a beta of 0.81.

Evolution Petroleum (NYSEAMERICAN:EPM) last announced its quarterly earnings data on Tuesday, September 10th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Evolution Petroleum had a net margin of 4.75% and a return on equity of 5.30%. The business had revenue of $21.23 million during the quarter, compared to analysts’ expectations of $24.44 million. Equities research analysts predict that Evolution Petroleum Co. will post 0.42 EPS for the current fiscal year.

Evolution Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.38%. The ex-dividend date is Friday, September 20th. Evolution Petroleum’s payout ratio is 600.08%.

Evolution Petroleum 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.