Victory Capital Management Inc. Sells 14,567 Shares of Evolution Petroleum Corporation (NYSE:EPM)

Victory Capital Management Inc. reduced its holdings in Evolution Petroleum Corporation (NYSE:EPM) by 53.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,557 shares of the company’s stock after selling 14,567 shares during the quarter. Victory Capital Management Inc.’s holdings in Evolution Petroleum were worth $67,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Creative Planning bought a new stake in Evolution Petroleum in the 3rd quarter valued at $53,000. SG Americas Securities LLC acquired a new position in shares of Evolution Petroleum during the third quarter valued at about $56,000. Exchange Traded Concepts LLC bought a new stake in shares of Evolution Petroleum in the third quarter valued at about $297,000. Finally, CWA Asset Management Group LLC acquired a new stake in Evolution Petroleum during the third quarter worth about $1,136,000. 60.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on EPM. StockNews.com raised Evolution Petroleum from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Northland Capmk upgraded Evolution Petroleum to a “strong-buy” rating in a research report on Thursday, October 17th.

Evolution Petroleum Stock Performance

Shares of EPM stock opened at $5.86 on Monday. The firm has a fifty day simple moving average of $5.52. The firm has a market cap of $196.87 million, a PE ratio of 41.86 and a beta of 0.82. Evolution Petroleum Corporation has a 52-week low of $4.59 and a 52-week high of $6.28. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.50.

Evolution Petroleum (NYSE:EPM) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The business had revenue of $21.23 million for the quarter, compared to the consensus estimate of $24.44 million. Evolution Petroleum had a return on equity of 4.65% and a net margin of 5.36%. On average, sell-side analysts predict that Evolution Petroleum Corporation will post 0.28 earnings per share for the current year.

Evolution Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 8.19%. The ex-dividend date is Friday, December 13th. Evolution Petroleum’s dividend payout ratio is 342.86%.

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 a non-operated interests in the SCOOP and STACK plays located in Central Oklahoma; the Chaveroo Field situated in Chaves and Roosevelt Counties, New Mexico; the Jonah Field located in Sublette County, Wyoming; the Williston Basin situated in Williston, North Dakota; the Barnett Shale field located in North Texas; the Hamilton Dome situated in Hot Springs County, Wyoming; and the Delhi Field, an onshore CO2-EOR project located in northeast Louisiana in Franklin, Madison, and Richland Parishes, as well as small overriding royalty interests in four onshore central Texas wells.