Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) Declares $0.12 Quarterly Dividend

Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) announced a quarterly dividend on Monday, May 11th. Investors of record on Monday, June 15th will be paid a dividend of 0.12 per share by the energy company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 11.0%. The ex-dividend date of this dividend is Monday, June 15th.

Evolution Petroleum has increased its dividend payment by an average of 0.1%per year over the last three years. Evolution Petroleum has a dividend payout ratio of 4,800.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Evolution Petroleum to earn $0.04 per share next year, which means the company may not be able to cover its $0.48 annual dividend with an expected future payout ratio of 1,200.0%.

Evolution Petroleum Stock Down 9.1%

NYSEAMERICAN:EPM traded down $0.44 during trading hours on Wednesday, reaching $4.36. The company’s stock had a trading volume of 600,645 shares, compared to its average volume of 409,194. The company has a market cap of $152.43 million, a price-to-earnings ratio of 54.41 and a beta of 0.29. Evolution Petroleum has a one year low of $3.19 and a one year high of $5.70. The business’s 50-day moving average is $4.56 and its 200-day moving average is $4.19. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.90 and a quick ratio of 0.90.

Institutional Investors Weigh In On Evolution Petroleum

A number of hedge funds have recently bought and sold shares of EPM. Comerica Bank boosted its holdings in Evolution Petroleum by 894.0% during the third quarter. Comerica Bank now owns 6,908 shares of the energy company’s stock valued at $33,000 after acquiring an additional 6,213 shares during the period. StoneX Group Inc. bought a new stake in Evolution Petroleum during the fourth quarter valued at about $36,000. Inscription Capital LLC bought a new stake in Evolution Petroleum during the fourth quarter valued at about $38,000. BNP Paribas Financial Markets boosted its holdings in Evolution Petroleum by 163.4% during the third quarter. BNP Paribas Financial Markets now owns 8,194 shares of the energy company’s stock valued at $39,000 after acquiring an additional 5,083 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Evolution Petroleum by 20.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 13,836 shares of the energy company’s stock valued at $49,000 after acquiring an additional 2,340 shares during the period. 60.07% of the stock is currently owned by institutional investors.

About Evolution Petroleum

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.