Insider Selling: Evolution Petroleum Corp (EPM) Major Shareholder Sells 50,000 Shares of Stock

Evolution Petroleum Corp (NYSEAMERICAN:EPM) major shareholder Advisors L.L.C. Jvl sold 50,000 shares of the firm’s stock in a transaction dated Monday, June 25th. The shares were sold at an average price of $10.09, for a total value of $504,500.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Advisors L.L.C. Jvl also recently made the following trade(s):

  • On Wednesday, June 27th, Advisors L.L.C. Jvl sold 256,231 shares of Evolution Petroleum stock. The shares were sold at an average price of $10.18, for a total value of $2,608,431.58.
  • On Friday, June 22nd, Advisors L.L.C. Jvl sold 75,000 shares of Evolution Petroleum stock. The shares were sold at an average price of $9.94, for a total value of $745,500.00.
  • On Friday, June 15th, Advisors L.L.C. Jvl sold 10,900 shares of Evolution Petroleum stock. The shares were sold at an average price of $9.83, for a total value of $107,147.00.
  • On Tuesday, June 19th, Advisors L.L.C. Jvl sold 67,900 shares of Evolution Petroleum stock. The shares were sold at an average price of $9.91, for a total value of $672,889.00.
  • On Monday, June 11th, Advisors L.L.C. Jvl sold 66,129 shares of Evolution Petroleum stock. The shares were sold at an average price of $9.95, for a total value of $657,983.55.
  • On Wednesday, June 13th, Advisors L.L.C. Jvl sold 141,129 shares of Evolution Petroleum stock. The shares were sold at an average price of $10.01, for a total value of $1,412,701.29.
  • On Friday, June 8th, Advisors L.L.C. Jvl sold 147,953 shares of Evolution Petroleum stock. The shares were sold at an average price of $9.91, for a total value of $1,466,214.23.
  • On Tuesday, June 5th, Advisors L.L.C. Jvl sold 160,000 shares of Evolution Petroleum stock. The shares were sold at an average price of $9.97, for a total value of $1,595,200.00.
  • On Tuesday, May 29th, Advisors L.L.C. Jvl sold 25,000 shares of Evolution Petroleum stock. The shares were sold at an average price of $9.55, for a total value of $238,750.00.
  • On Thursday, May 31st, Advisors L.L.C. Jvl sold 90,000 shares of Evolution Petroleum stock. The shares were sold at an average price of $9.60, for a total value of $864,000.00.

Shares of Evolution Petroleum traded up $0.05, hitting $10.30, during mid-day trading on Wednesday, according to MarketBeat Ratings. 197,200 shares of the company’s stock traded hands, compared to its average volume of 137,109. Evolution Petroleum Corp has a 1 year low of $6.35 and a 1 year high of $10.45.

Evolution Petroleum (NYSEAMERICAN:EPM) last posted its earnings results on Wednesday, May 9th. The energy company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). Evolution Petroleum had a net margin of 35.03% and a return on equity of 21.51%. The business had revenue of $10.25 million for the quarter, compared to analysts’ expectations of $10.85 million.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, June 14th. This represents a $0.40 annualized dividend and a dividend yield of 3.88%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Stone Ridge Asset Management LLC purchased a new position in shares of Evolution Petroleum during the fourth quarter valued at approximately $170,000. Alambic Investment Management L.P. purchased a new position in shares of Evolution Petroleum during the first quarter valued at approximately $263,000. Connors Investor Services Inc. increased its stake in shares of Evolution Petroleum by 25.3% during the fourth quarter. Connors Investor Services Inc. now owns 39,637 shares of the energy company’s stock valued at $272,000 after buying an additional 8,000 shares during the period. Wells Fargo & Company MN increased its stake in shares of Evolution Petroleum by 35.0% during the fourth quarter. Wells Fargo & Company MN now owns 43,634 shares of the energy company’s stock valued at $299,000 after buying an additional 11,321 shares during the period. Finally, American Century Companies Inc. bought a new stake in shares of Evolution Petroleum during the first quarter valued at approximately $340,000.

EPM has been the topic of a number of analyst reports. Zacks Investment Research raised Evolution Petroleum from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a research note on Monday, March 12th. Johnson Rice initiated coverage on Evolution Petroleum in a research note on Wednesday, March 21st. They set an “accumulate” rating and a $10.00 target price on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Evolution Petroleum presently has a consensus rating of “Buy” and an average target price of $9.54.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation, an independent oil and gas company, engages in the acquisition, exploitation, and development of properties for the production of crude oil and natural gas, onshore in the United States. The company's principal assets include interests in a CO2 enhanced oil recovery project and the natural gas liquids recovery plant in the Delhi field Louisiana.

Insider Buying and Selling by Quarter for Evolution Petroleum (NYSEAMERICAN:EPM)

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