Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) Announces Quarterly Dividend of $0.12
Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM — Get Free Report) announced a quarterly dividend on Tuesday, February 10th. Shareholders of record on Monday, March 16th will be paid a dividend of 0.12 per share by the energy company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 10.2%. The ex-dividend date of this dividend is Monday, March 16th.
Evolution Petroleum has a 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.
Evolution Petroleum Stock Down 1.5%
EPM opened at $4.69 on Friday. The stock’s fifty day simple moving average is $4.07 and its 200 day simple moving average is $4.32. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.81. The stock has a market cap of $164.15 million, a PE ratio of 58.63 and a beta of 0.28. Evolution Petroleum has a 1-year low of $3.19 and a 1-year high of $5.70.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Rothschild Wealth LLC acquired a new stake in shares of Evolution Petroleum in the 4th quarter valued at $617,000. WealthTrust Axiom LLC raised its holdings in shares of Evolution Petroleum by 9.4% during the 4th quarter. WealthTrust Axiom LLC now owns 1,948,657 shares of the energy company’s stock worth $6,898,000 after buying an additional 166,624 shares in the last quarter. Ritholtz Wealth Management acquired a new position in shares of Evolution Petroleum during the 3rd quarter worth $655,000. Raymond James Financial Inc. lifted its position in shares of Evolution Petroleum by 30.9% during the 2nd quarter. Raymond James Financial Inc. now owns 468,620 shares of the energy company’s stock worth $2,203,000 after buying an additional 110,687 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Evolution Petroleum by 14.2% during the 2nd quarter. American Century Companies Inc. now owns 855,498 shares of the energy company’s stock worth $4,021,000 after buying an additional 106,056 shares during the last quarter. 60.07% of the stock is currently owned by institutional investors and hedge funds.
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.
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