Prosperity Consulting Group LLC Has $181,000 Stock Holdings in Evolution Petroleum Co. (NYSEAMERICAN:EPM)

Prosperity Consulting Group LLC lowered its position in Evolution Petroleum Co. (NYSEAMERICAN:EPM) by 35.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,297 shares of the energy company’s stock after selling 19,134 shares during the period. Prosperity Consulting Group LLC owned about 0.10% of Evolution Petroleum worth $181,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Evolution Petroleum by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,611,605 shares of the energy company’s stock valued at $9,895,000 after purchasing an additional 8,904 shares during the period. North Star Investment Management Corp. raised its holdings in shares of Evolution Petroleum by 8.9% in the first quarter. North Star Investment Management Corp. now owns 769,369 shares of the energy company’s stock valued at $4,724,000 after purchasing an additional 63,105 shares during the last quarter. Penn Mutual Asset Management LLC lifted its position in shares of Evolution Petroleum by 17.5% in the fourth quarter. Penn Mutual Asset Management LLC now owns 700,053 shares of the energy company’s stock worth $4,067,000 after purchasing an additional 104,299 shares in the last quarter. American Century Companies Inc. boosted its holdings in Evolution Petroleum by 5.5% during the second quarter. American Century Companies Inc. now owns 572,850 shares of the energy company’s stock worth $3,019,000 after purchasing an additional 29,823 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Evolution Petroleum by 7.0% in the second quarter. Bank of New York Mellon Corp now owns 400,178 shares of the energy company’s stock valued at $2,109,000 after purchasing an additional 26,286 shares in the last quarter. Institutional investors and hedge funds own 60.07% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Evolution Petroleum to a “sell” rating in a research note on Wednesday, September 11th.

Evolution Petroleum Trading Down 4.1 %

Shares of EPM opened at $5.39 on Monday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $179.81 million, a P/E ratio of 67.38 and a beta of 0.81. Evolution Petroleum Co. has a 52 week low of $4.59 and a 52 week high of $7.26.

Evolution Petroleum (NYSEAMERICAN:EPM) last issued its quarterly earnings data on Tuesday, September 10th. The energy company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Evolution Petroleum had a net margin of 4.75% and a return on equity of 5.30%. The firm had revenue of $21.23 million during the quarter, compared to analyst estimates of $24.44 million. On average, equities analysts forecast that Evolution Petroleum Co. will post 0.42 earnings per share for the current fiscal year.

Evolution Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, September 20th. This represents a $0.48 dividend on an annualized basis and a yield of 8.91%. Evolution Petroleum’s dividend payout ratio (DPR) is presently 600.08%.

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 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.