Evolution Petroleum (NYSEAMERICAN:EPM) Shares Down 0.2% – Time to Sell?

Evolution Petroleum Co. (NYSEAMERICAN:EPM)’s share price traded down 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 Down 0.2 %

The company has a market capitalization of $185.82 million, a P/E ratio of 69.63 and a beta of 0.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.49 and a quick ratio of 1.49.

Institutional Trading of Evolution Petroleum

Several hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new stake in shares of Evolution Petroleum during the second quarter valued at about $179,000. Rhumbline Advisers raised its position in shares of Evolution Petroleum by 10.0% during the 2nd quarter. Rhumbline Advisers now owns 47,523 shares of the energy company’s stock worth $250,000 after buying an additional 4,310 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Evolution Petroleum by 7.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 400,178 shares of the energy company’s stock worth $2,109,000 after buying an additional 26,286 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Evolution Petroleum by 5.5% in the 2nd quarter. American Century Companies Inc. now owns 572,850 shares of the energy company’s stock worth $3,019,000 after acquiring an additional 29,823 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Evolution Petroleum by 4.7% in the second quarter. Renaissance Technologies LLC now owns 1,315,383 shares of the energy company’s stock valued at $6,932,000 after acquiring an additional 58,586 shares in the last quarter. 60.07% of the stock is currently owned by institutional investors.

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.