Raymond James Financial Inc. Invests $1.48 Million in Evolution Petroleum Corporation (NYSE:EPM)

Raymond James Financial Inc. bought a new stake in shares of Evolution Petroleum Corporation (NYSE:EPM) during the fourth quarter, Holdings Channel.com reports. The fund bought 282,496 shares of the company’s stock, valued at approximately $1,477,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp boosted its position in Evolution Petroleum by 1.0% during the 3rd quarter. State Street Corp now owns 665,239 shares of the company’s stock valued at $3,532,000 after acquiring an additional 6,675 shares in the last quarter. Register Financial Advisors LLC lifted its stake in shares of Evolution Petroleum by 0.8% in the 4th quarter. Register Financial Advisors LLC now owns 289,902 shares of the company’s stock valued at $1,516,000 after purchasing an additional 2,303 shares during the period. CWA Asset Management Group LLC boosted its position in shares of Evolution Petroleum by 9.7% during the fourth quarter. CWA Asset Management Group LLC now owns 234,562 shares of the company’s stock valued at $1,227,000 after purchasing an additional 20,692 shares in the last quarter. Quantinno Capital Management LP grew its stake in Evolution Petroleum by 278.3% in the third quarter. Quantinno Capital Management LP now owns 51,000 shares of the company’s stock worth $271,000 after purchasing an additional 37,519 shares during the period. Finally, Barclays PLC raised its holdings in Evolution Petroleum by 275.4% in the third quarter. Barclays PLC now owns 45,331 shares of the company’s stock worth $242,000 after purchasing an additional 33,256 shares in the last quarter. Hedge funds and other institutional investors own 60.07% of the company’s stock.

Analyst Upgrades and Downgrades

EPM has been the topic of a number of recent research reports. StockNews.com downgraded shares of Evolution Petroleum from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Northland Securities cut their price objective on shares of Evolution Petroleum from $7.00 to $6.50 and set an “outperform” rating on the stock in a report on Thursday, February 6th.

Evolution Petroleum Stock Down 1.2 %

EPM stock opened at $5.12 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average of $5.16 and a 200 day moving average of $5.36. Evolution Petroleum Corporation has a twelve month low of $4.59 and a twelve month high of $6.28. The firm has a market cap of $175.38 million, a PE ratio of 102.42 and a beta of 0.87.

Evolution Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 9.38%. The ex-dividend date was Friday, March 14th. Evolution Petroleum’s dividend payout ratio is presently 960.00%.

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 a non-operated interests in the SCOOP and STACK plays located in Central Oklahoma; the Chaveroo Field situated in Chaves and Roosevelt Counties, New Mexico; the Jonah Field located in Sublette County, Wyoming; the Williston Basin situated in Williston, North Dakota; the Barnett Shale field located in North Texas; the Hamilton Dome situated in Hot Springs County, Wyoming; and the Delhi Field, an onshore CO2-EOR project located in northeast Louisiana in Franklin, Madison, and Richland Parishes, as well as small overriding royalty interests in four onshore central Texas wells.