MetLife Investment Management LLC Decreases Stock Holdings in Evolution Petroleum Corporation (NYSE:EPM)

MetLife Investment Management LLC trimmed its position in shares of Evolution Petroleum Corporation (NYSE:EPM) by 67.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,962 shares of the company’s stock after selling 12,104 shares during the quarter. MetLife Investment Management LLC’s holdings in Evolution Petroleum were worth $32,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Creative Planning purchased a new stake in shares of Evolution Petroleum during the third quarter valued at about $53,000. CWA Asset Management Group LLC purchased a new stake in shares of Evolution Petroleum during the third quarter valued at about $1,136,000. Exchange Traded Concepts LLC purchased a new stake in shares of Evolution Petroleum during the third quarter valued at about $297,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Evolution Petroleum during the third quarter valued at about $105,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Evolution Petroleum during the third quarter valued at about $56,000. 60.07% of the stock is owned by hedge funds and other institutional investors.

Evolution Petroleum Stock Down 0.4 %

Shares of Evolution Petroleum stock opened at $5.61 on Wednesday. The stock has a market cap of $188.47 million, a price-to-earnings ratio of 40.07 and a beta of 0.86. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $5.56. Evolution Petroleum Corporation has a 52 week low of $4.59 and a 52 week high of $6.28.

Evolution Petroleum (NYSE:EPM) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $21.23 million during the quarter, compared to analysts’ expectations of $24.44 million. Evolution Petroleum had a net margin of 5.36% and a return on equity of 4.65%. As a group, research analysts anticipate that Evolution Petroleum Corporation will post 0.28 earnings per share for the current fiscal year.

Evolution Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 8.56%. The ex-dividend date of this dividend is Friday, December 13th. Evolution Petroleum’s payout ratio is currently 342.86%.

Analysts Set New Price Targets

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

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 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.