Gladius Capital Management LP Buys Shares of 4,690 Evolution Petroleum Co. (NYSEAMERICAN:EPM)

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. WealthTrust Axiom LLC lifted its holdings in Evolution Petroleum by 1.5% during the 4th quarter. WealthTrust Axiom LLC now owns 1,666,452 shares of the energy company’s stock worth $9,682,000 after purchasing an additional 24,853 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Evolution Petroleum by 39.8% in the 4th quarter. Russell Investments Group Ltd. now owns 520,528 shares of the energy company’s stock valued at $3,024,000 after purchasing an additional 148,178 shares during the period. New York State Common Retirement Fund grew its position in shares of Evolution Petroleum by 17.3% during the 4th quarter. New York State Common Retirement Fund now owns 67,666 shares of the energy company’s stock valued at $393,000 after purchasing an additional 10,000 shares in the last quarter. Cornercap Investment Counsel Inc. grew its position in Evolution Petroleum by 23.1% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 162,468 shares of the energy company’s stock worth $944,000 after buying an additional 30,439 shares in the last quarter. Finally, Ritholtz Wealth Management raised its holdings in shares of Evolution Petroleum by 49.5% in the 4th quarter. Ritholtz Wealth Management now owns 15,714 shares of the energy company’s stock valued at $91,000 after acquiring an additional 5,206 shares in the last quarter. Institutional investors own 60.07% of the company’s stock.

Analyst Ratings Changes

EPM has been the topic of several research analyst reports. Roth Mkm restated a “buy” rating and issued a $8.25 price objective 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 research report on Thursday. Finally, TheStreet cut Evolution Petroleum from a “b” rating to a “c+” rating in a report on Wednesday, February 7th.

Evolution Petroleum Stock Down 0.3 %

NYSEAMERICAN:EPM traded down $0.01 during trading hours on Thursday, reaching $5.63. The company’s stock had a trading volume of 301,429 shares, compared to its average volume of 320,850. Evolution Petroleum Co. has a 1 year low of $5.00 and a 1 year high of $10.11. The stock has a market cap of $188.21 million, a PE ratio of 11.72 and a beta of 0.91.

Evolution Petroleum (NYSEAMERICAN:EPM) last issued its earnings results on Tuesday, February 6th. The energy company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.07). Evolution Petroleum had a net margin of 17.25% and a return on equity of 18.44%. The company had revenue of $21.02 million for the quarter, compared to analysts’ expectations of $23.67 million. Sell-side analysts anticipate that Evolution Petroleum Co. will post 0.19 EPS for the current year.

Evolution Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, June 14th. This represents a $0.48 dividend on an annualized basis and a yield of 8.53%. Evolution Petroleum’s dividend payout ratio is currently 100.00%.

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.