AQR Capital Management LLC Sells 42,325 Shares of Evolution Petroleum Co. (NYSEAMERICAN:EPM)

AQR Capital Management LLC decreased its position in Evolution Petroleum Co. (NYSEAMERICAN:EPM) by 70.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,726 shares of the energy company’s stock after selling 42,325 shares during the quarter. AQR Capital Management LLC owned about 0.05% of Evolution Petroleum worth $93,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Renaissance Technologies LLC boosted its position in Evolution Petroleum by 4.7% during the second quarter. Renaissance Technologies LLC now owns 1,315,383 shares of the energy company’s stock worth $6,932,000 after purchasing an additional 58,586 shares during the period. Dimensional Fund Advisors LP boosted its position in Evolution Petroleum by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,336,348 shares of the energy company’s stock worth $7,043,000 after purchasing an additional 5,250 shares during the period. Perritt Capital Management Inc boosted its position in Evolution Petroleum by 13.2% during the second quarter. Perritt Capital Management Inc now owns 198,887 shares of the energy company’s stock worth $1,048,000 after purchasing an additional 23,120 shares during the period. American Century Companies Inc. boosted its position in Evolution Petroleum by 5.5% during the second quarter. American Century Companies Inc. now owns 572,850 shares of the energy company’s stock worth $3,019,000 after purchasing an additional 29,823 shares during the period. Finally, Rhumbline Advisers boosted its position in Evolution Petroleum by 10.0% during the second quarter. Rhumbline Advisers now owns 47,523 shares of the energy company’s stock worth $250,000 after purchasing an additional 4,310 shares during the period. Institutional investors own 60.07% of the company’s stock.

Evolution Petroleum Trading Down 3.1 %

Evolution Petroleum stock opened at $5.27 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.49 and a quick ratio of 1.49. Evolution Petroleum Co. has a 52-week low of $4.59 and a 52-week high of $6.62. The firm has a market cap of $175.81 million, a price-to-earnings ratio of 65.88 and a beta of 0.81.

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

Evolution Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 9.11%. The ex-dividend date of this dividend was Friday, September 20th. Evolution Petroleum’s payout ratio is presently 600.08%.

Analysts Set New Price Targets

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

About Evolution Petroleum

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.