Jane Street Group LLC Sells 61,645 Shares of Evolution Petroleum Corporation (NYSE:EPM)

Jane Street Group LLC trimmed its position in Evolution Petroleum Corporation (NYSE:EPM) by 79.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,909 shares of the company’s stock after selling 61,645 shares during the quarter. Jane Street Group LLC’s holdings in Evolution Petroleum were worth $84,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPM. State Street Corp grew its holdings in Evolution Petroleum by 1.0% during the 3rd quarter. State Street Corp now owns 665,239 shares of the company’s stock worth $3,532,000 after acquiring an additional 6,675 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in Evolution Petroleum in the 3rd quarter worth $1,136,000. Exchange Traded Concepts LLC bought a new stake in Evolution Petroleum in the 3rd quarter valued at approximately $297,000. Quantinno Capital Management LP grew its position in Evolution Petroleum by 278.3% in the third quarter. Quantinno Capital Management LP now owns 51,000 shares of the company’s stock valued at $271,000 after purchasing an additional 37,519 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Evolution Petroleum in the 3rd quarter valued at approximately $105,000. Institutional investors own 60.07% of the company’s stock.

Evolution Petroleum Trading Up 1.3 %

EPM stock opened at $5.58 on Thursday. The company has a market cap of $187.47 million, a price-to-earnings ratio of 39.86 and a beta of 0.87. The stock has a 50-day simple moving average of $5.50. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.69 and a current ratio of 1.69. Evolution Petroleum Corporation has a 1-year low of $4.59 and a 1-year high of $6.28.

Evolution Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.60%. Evolution Petroleum’s dividend payout ratio is presently 342.86%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EPM shares. Northland Capmk raised Evolution Petroleum to a “strong-buy” rating in a report on Thursday, October 17th. StockNews.com raised Evolution Petroleum from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th.

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.