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

Evolution Petroleum Co. (NYSEAMERICAN:EPM)’s stock price dropped 0.2% during trading on Thursday . The company traded as low as $5.48 and last traded at $5.57. Approximately 155,498 shares were traded during trading, an increase of 1% from the average daily volume of 154,310 shares. The stock had previously closed at $5.58.

Evolution Petroleum Stock Performance

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew 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 valued at $6,932,000 after buying an additional 58,586 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Evolution Petroleum during the 2nd quarter worth about $179,000. American Century Companies Inc. boosted its position in Evolution Petroleum by 5.5% during 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. Bank of New York Mellon Corp grew its stake in 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 valued at $2,109,000 after acquiring an additional 26,286 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Evolution Petroleum by 0.4% in the 2nd 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. 60.07% of the stock is owned by hedge funds and other 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.