Bard Associates Inc. Sells 10,500 Shares of Evolution Petroleum Corporation (NYSE:EPM)

Bard Associates Inc. lowered its stake in Evolution Petroleum Corporation (NYSE:EPM) by 4.5% in the fourth quarter, Holdings Channel reports. The fund owned 223,117 shares of the company’s stock after selling 10,500 shares during the quarter. Bard Associates Inc.’s holdings in Evolution Petroleum were worth $1,167,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EPM. Creative Planning bought a new position in shares of Evolution Petroleum in the third quarter worth about $53,000. Wellington Management Group LLP bought a new position in shares of Evolution Petroleum in the third quarter worth about $63,000. SG Americas Securities LLC lifted its holdings in shares of Evolution Petroleum by 25.1% in the fourth quarter. SG Americas Securities LLC now owns 13,223 shares of the company’s stock worth $69,000 after acquiring an additional 2,650 shares during the last quarter. Caprock Group LLC acquired a new position in shares of Evolution Petroleum in the third quarter valued at approximately $71,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Evolution Petroleum in the third quarter valued at approximately $105,000. Institutional investors own 60.07% of the company’s stock.

Wall Street Analysts Forecast Growth

EPM has been the subject of several recent research reports. Northland Securities lowered their price objective on Evolution Petroleum from $7.00 to $6.50 and set an “outperform” rating for the company in a research note on Thursday, February 6th. StockNews.com downgraded Evolution Petroleum from a “hold” rating to a “sell” rating in a research note on Friday, February 7th.

Evolution Petroleum Price Performance

Evolution Petroleum stock opened at $4.86 on Tuesday. The firm has a 50 day moving average price of $5.29. Evolution Petroleum Corporation has a 1 year low of $4.59 and a 1 year high of $6.28. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $166.47 million, a P/E ratio of 97.22 and a beta of 0.87.

Evolution Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 9.88%. The ex-dividend date of this dividend is Friday, March 14th. Evolution Petroleum’s dividend payout ratio is presently 960.00%.

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.