Shares of Evolution Petroleum Corp (NYSEAMERICAN:EPM) rose 5.9% during mid-day trading on Monday . The stock traded as high as $6.16 and last traded at $6.13, approximately 169,454 shares traded hands during trading. An increase of 16% from the average daily volume of 145,815 shares. The stock had previously closed at $5.79.

Separately, Zacks Investment Research raised Evolution Petroleum from a “sell” rating to a “hold” rating in a report on Monday.

Institutional investors have recently added to or reduced their stakes in the stock. Keeley Teton Advisors LLC grew its position in Evolution Petroleum by 304.0% during the second quarter. Keeley Teton Advisors LLC now owns 743,995 shares of the energy company’s stock valued at $5,320,000 after acquiring an additional 559,843 shares during the period. Nuveen Asset Management LLC purchased a new stake in Evolution Petroleum during the second quarter valued at about $3,435,000. Foundry Partners LLC purchased a new stake in Evolution Petroleum during the first quarter valued at about $3,049,000. Amica Mutual Insurance Co. grew its position in Evolution Petroleum by 209.0% during the second quarter. Amica Mutual Insurance Co. now owns 309,840 shares of the energy company’s stock valued at $2,215,000 after acquiring an additional 209,568 shares during the period. Finally, BlackRock Inc. grew its position in Evolution Petroleum by 6.1% during the second quarter. BlackRock Inc. now owns 3,512,065 shares of the energy company’s stock valued at $25,111,000 after acquiring an additional 203,444 shares during the period.

Evolution Petroleum Company Profile (NYSEAMERICAN:EPM)

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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