JPMorgan Chase & Co. Has $2 Million Holdings in Evolution Petroleum Corp (EPM)

JPMorgan Chase & Co. raised its holdings in Evolution Petroleum Corp (NYSEAMERICAN:EPM) by 358.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,355 shares of the energy company’s stock after purchasing an additional 141,754 shares during the quarter. JPMorgan Chase & Co. owned 0.55% of Evolution Petroleum worth $2,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wells Fargo & Company MN lifted its position in shares of Evolution Petroleum by 18.4% during the 3rd quarter. Wells Fargo & Company MN now owns 45,959 shares of the energy company’s stock valued at $508,000 after acquiring an additional 7,145 shares during the period. Northern Trust Corp lifted its position in shares of Evolution Petroleum by 2.7% during the 2nd quarter. Northern Trust Corp now owns 367,464 shares of the energy company’s stock valued at $3,619,000 after acquiring an additional 9,679 shares during the period. California Public Employees Retirement System lifted its position in shares of Evolution Petroleum by 12.3% during the 2nd quarter. California Public Employees Retirement System now owns 102,947 shares of the energy company’s stock valued at $1,014,000 after acquiring an additional 11,247 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of Evolution Petroleum during the 3rd quarter valued at approximately $169,000. Finally, Panagora Asset Management Inc. lifted its position in shares of Evolution Petroleum by 45.2% during the 3rd quarter. Panagora Asset Management Inc. now owns 56,982 shares of the energy company’s stock valued at $630,000 after acquiring an additional 17,749 shares during the period.

Shares of Evolution Petroleum stock opened at $6.89 on Thursday. Evolution Petroleum Corp has a 1 year low of $6.17 and a 1 year high of $12.83.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.40 annualized dividend and a dividend yield of 5.81%.

Several research analysts recently issued reports on the company. Zacks Investment Research downgraded Evolution Petroleum from a “buy” rating to a “hold” rating in a research report on Wednesday, November 14th. Roth Capital upgraded Evolution Petroleum from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $10.50 to $10.00 in a research report on Monday, February 11th.

In related news, Director Marran H. Ogilvie acquired 6,800 shares of the business’s stock in a transaction that occurred on Monday, December 31st. The stock was purchased at an average cost of $6.81 per share, for a total transaction of $46,308.00. Following the transaction, the director now directly owns 36,667 shares of the company’s stock, valued at approximately $249,702.27. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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Evolution Petroleum Company Profile

Evolution Petroleum Corporation, an oil and gas company, engages in the development, production, ownership, and management of oil and gas properties in the United States. The company primarily holds interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of 13,636 acres located in Northeast Louisiana.

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Institutional Ownership by Quarter for Evolution Petroleum (NYSEAMERICAN:EPM)

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