North Star Investment Management Corp. Trims Stock Position in Evolution Petroleum Corporation $EPM

North Star Investment Management Corp. trimmed its position in Evolution Petroleum Corporation (NYSE:EPM) by 17.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 680,987 shares of the company’s stock after selling 147,554 shares during the quarter. North Star Investment Management Corp.’s holdings in Evolution Petroleum were worth $3,282,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC lifted its holdings in Evolution Petroleum by 34.5% in the second quarter. Jane Street Group LLC now owns 26,537 shares of the company’s stock valued at $125,000 after acquiring an additional 6,813 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Evolution Petroleum by 43.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 23,106 shares of the company’s stock valued at $109,000 after purchasing an additional 6,961 shares during the period. Rhumbline Advisers lifted its stake in shares of Evolution Petroleum by 28.2% in the 1st quarter. Rhumbline Advisers now owns 50,448 shares of the company’s stock valued at $261,000 after purchasing an additional 11,083 shares during the last quarter. Regent Peak Wealth Advisors LLC acquired a new position in shares of Evolution Petroleum in the 3rd quarter valued at $57,000. Finally, Kathmere Capital Management LLC purchased a new position in shares of Evolution Petroleum during the 3rd quarter worth $60,000. Institutional investors and hedge funds own 60.07% of the company’s stock.

Wall Street Analysts Forecast Growth

EPM has been the subject of several research analyst reports. Zacks Research raised shares of Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Roth Capital started coverage on shares of Evolution Petroleum in a research report on Thursday, December 4th. They set a “buy” rating and a $5.00 price objective for the company. Loop Capital set a $5.30 target price on shares of Evolution Petroleum in a report on Tuesday, December 23rd. Finally, Freedom Capital upgraded Evolution Petroleum to a “strong-buy” rating in a research note on Tuesday, December 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Evolution Petroleum has a consensus rating of “Moderate Buy” and an average target price of $5.63.

Evolution Petroleum Trading Down 5.8%

NYSE EPM opened at $3.43 on Tuesday. The firm has a market cap of $118.99 million, a price-to-earnings ratio of 68.61 and a beta of 0.29. Evolution Petroleum Corporation has a one year low of $3.43 and a one year high of $5.70. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a 50 day simple moving average of $3.98 and a 200-day simple moving average of $4.58.

Evolution Petroleum Profile

Evolution Petroleum Enterprises, Inc (NYSE:EPM) is an independent oil and gas company focused on acquiring, developing and producing petroleum and natural gas assets in the United States. Through a strategy centered on high-margin, mature fields, the company targets properties where enhanced recovery techniques can unlock remaining reserves, offering stable production and cash flow potential.

The company’s principal activities revolve around carbon dioxide (CO?) enhanced oil recovery (EOR) operations.