Evolution Petroleum Corporation (NYSE:EPM) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC decreased its position in shares of Evolution Petroleum Corporation (NYSE:EPM) by 67.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,962 shares of the company’s stock after selling 12,104 shares during the quarter. MetLife Investment Management LLC’s holdings in Evolution Petroleum were worth $32,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWA Asset Management Group LLC acquired a new stake in Evolution Petroleum in the 3rd quarter valued at $1,136,000. Exchange Traded Concepts LLC acquired a new position in Evolution Petroleum during the third quarter worth $297,000. Dynamic Technology Lab Private Ltd purchased a new position in Evolution Petroleum during the third quarter valued at $105,000. Caprock Group LLC acquired a new stake in shares of Evolution Petroleum in the third quarter valued at about $71,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Evolution Petroleum during the third quarter worth about $56,000. Institutional investors and hedge funds own 60.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on EPM shares. StockNews.com raised shares of Evolution Petroleum from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Northland Capmk raised Evolution Petroleum to a “strong-buy” rating in a research note on Thursday, October 17th.

Evolution Petroleum Stock Down 0.4 %

Evolution Petroleum stock opened at $5.61 on Wednesday. The business’s fifty day simple moving average is $5.56. The stock has a market capitalization of $188.47 million, a price-to-earnings ratio of 40.07 and a beta of 0.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.69 and a quick ratio of 1.69. Evolution Petroleum Corporation has a 52-week low of $4.59 and a 52-week high of $6.28.

Evolution Petroleum (NYSE:EPM) last issued its earnings results on Tuesday, September 10th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The business had revenue of $21.23 million during the quarter, compared to analyst estimates of $24.44 million. Evolution Petroleum had a net margin of 5.36% and a return on equity of 4.65%. On average, research analysts anticipate that Evolution Petroleum Corporation will post 0.28 EPS for the current fiscal year.

Evolution Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.56%. The ex-dividend date of this dividend is Friday, December 13th. Evolution Petroleum’s dividend payout ratio (DPR) is 342.86%.

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.