Evolution Petroleum (NYSEAMERICAN:EPM) Shares Down 0.2% – Here’s Why

Evolution Petroleum Co. (NYSEAMERICAN:EPM) fell 0.2% during mid-day trading on Thursday . The stock traded as low as $5.48 and last traded at $5.57. 155,498 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 154,310 shares. The stock had previously closed at $5.58.

Evolution Petroleum Stock Up 0.4 %

The firm has a market cap of $186.48 million, a P/E ratio of 69.88 and a beta of 0.81. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.51.

Institutional Trading of Evolution Petroleum

Large investors have recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new position in shares of Evolution Petroleum during the second quarter valued at approximately $179,000. Renaissance Technologies LLC boosted its holdings in shares of Evolution Petroleum by 4.7% during the second quarter. Renaissance Technologies LLC now owns 1,315,383 shares of the energy company’s stock worth $6,932,000 after purchasing an additional 58,586 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Evolution Petroleum by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,336,348 shares of the energy company’s stock valued at $7,043,000 after purchasing an additional 5,250 shares during the period. American Century Companies Inc. increased its stake in Evolution Petroleum by 5.5% in the second quarter. American Century Companies Inc. now owns 572,850 shares of the energy company’s stock valued at $3,019,000 after purchasing an additional 29,823 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Evolution Petroleum by 10.0% in the second quarter. Rhumbline Advisers now owns 47,523 shares of the energy company’s stock valued at $250,000 after purchasing an additional 4,310 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, 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.