Gladius Capital Management LP Makes New Investment in Evolution Petroleum Co. (NYSEAMERICAN:EPM)

Gladius Capital Management LP acquired a new stake in shares of Evolution Petroleum Co. (NYSEAMERICAN:EPM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,690 shares of the energy company’s stock, valued at approximately $27,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in Evolution Petroleum in the 3rd quarter valued at approximately $35,000. Ritholtz Wealth Management grew its holdings in shares of Evolution Petroleum by 49.5% during the 4th quarter. Ritholtz Wealth Management now owns 15,714 shares of the energy company’s stock worth $91,000 after purchasing an additional 5,206 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Evolution Petroleum in the third quarter valued at $92,000. Mutual Advisors LLC acquired a new stake in Evolution Petroleum during the third quarter worth $114,000. Finally, PNC Financial Services Group Inc. increased its holdings in Evolution Petroleum by 10.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 22,404 shares of the energy company’s stock valued at $153,000 after buying an additional 2,207 shares during the period. 60.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EPM. Roth Mkm reiterated a “buy” rating and issued a $8.25 price target on shares of Evolution Petroleum in a research report on Thursday, April 4th. StockNews.com lowered shares of Evolution Petroleum from a “hold” rating to a “sell” rating in a report on Thursday. Finally, TheStreet downgraded Evolution Petroleum from a “b” rating to a “c+” rating in a report on Wednesday, February 7th.

Evolution Petroleum Stock Down 0.3 %

Shares of NYSEAMERICAN EPM traded down $0.01 during midday trading on Thursday, reaching $5.63. 301,429 shares of the stock were exchanged, compared to its average volume of 320,850. Evolution Petroleum Co. has a 12 month low of $5.00 and a 12 month high of $10.11. The stock has a market cap of $188.21 million, a price-to-earnings ratio of 11.72 and a beta of 0.91.

Evolution Petroleum (NYSEAMERICAN:EPM) last posted its quarterly earnings data on Tuesday, February 6th. The energy company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.07). The company had revenue of $21.02 million during the quarter, compared to the consensus estimate of $23.67 million. Evolution Petroleum had a net margin of 17.25% and a return on equity of 18.44%. On average, research analysts anticipate that Evolution Petroleum Co. will post 0.19 EPS for the current fiscal year.

Evolution Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, June 14th. This represents a $0.48 annualized dividend and a yield of 8.53%. Evolution Petroleum’s dividend payout ratio (DPR) is presently 100.00%.

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 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.