According to Zacks, “Natural Gas Systems, Inc. is a development stage company formed to acquire and develop oil and gas fields and apply both conventional and specialized technology to accelerate production and develop incremental reserves, particularly in low permeability reservoirs amenable to lateral drilling technology. “
EPM stock opened at $5.05 on Tuesday. Evolution Petroleum has a one year low of $4.95 and a one year high of $8.11.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.92%. The ex-dividend date is Friday, March 13th.
Several hedge funds have recently added to or reduced their stakes in EPM. Citigroup Inc. grew its stake in shares of Evolution Petroleum by 70.8% in the 4th quarter. Citigroup Inc. now owns 6,116 shares of the energy company’s stock worth $33,000 after buying an additional 2,535 shares during the last quarter. Denali Advisors LLC grew its holdings in shares of Evolution Petroleum by 2,962.9% during the fourth quarter. Denali Advisors LLC now owns 15,100 shares of the energy company’s stock valued at $83,000 after buying an additional 14,607 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Evolution Petroleum by 18.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,834 shares of the energy company’s stock valued at $84,000 after buying an additional 1,830 shares during the last quarter. Barclays PLC increased its holdings in shares of Evolution Petroleum by 12.1% in the 3rd quarter. Barclays PLC now owns 19,972 shares of the energy company’s stock worth $117,000 after purchasing an additional 2,150 shares in the last quarter. Finally, BKD Wealth Advisors LLC purchased a new stake in shares of Evolution Petroleum during the third quarter valued at $139,000.
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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