Raymond James Financial Inc. Acquires New Position in Evolution Petroleum Corporation (NYSE:EPM)

Raymond James Financial Inc. purchased a new position in Evolution Petroleum Corporation (NYSE:EPM - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 282,496 shares of the company's stock, valued at approximately $1,477,000. Raymond James Financial Inc. owned 0.84% of Evolution Petroleum at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. grew its position in Evolution Petroleum by 166.4% during the 4th quarter. Victory Capital Management Inc. now owns 33,451 shares of the company's stock worth $175,000 after purchasing an additional 20,894 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Evolution Petroleum in the fourth quarter worth about $113,000. Register Financial Advisors LLC grew its holdings in Evolution Petroleum by 0.8% during the fourth quarter. Register Financial Advisors LLC now owns 289,902 shares of the company's stock worth $1,516,000 after acquiring an additional 2,303 shares during the period. SG Americas Securities LLC raised its position in Evolution Petroleum by 25.1% during the fourth quarter. SG Americas Securities LLC now owns 13,223 shares of the company's stock valued at $69,000 after acquiring an additional 2,650 shares in the last quarter. Finally, CWA Asset Management Group LLC lifted its holdings in Evolution Petroleum by 9.7% in the fourth quarter. CWA Asset Management Group LLC now owns 234,562 shares of the company's stock valued at $1,227,000 after acquiring an additional 20,692 shares during the period. 60.07% of the stock is owned by hedge funds and other institutional investors.

Evolution Petroleum Price Performance

EPM stock traded down $0.32 during mid-day trading on Friday, reaching $4.59. 377,730 shares of the company's stock were exchanged, compared to its average volume of 174,908. The company has a market cap of $157.23 million, a price-to-earnings ratio of 91.82 and a beta of 0.51. Evolution Petroleum Corporation has a 12-month low of $4.53 and a 12-month high of $6.16. The stock's 50 day moving average is $5.12 and its 200 day moving average is $5.34. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.64 and a quick ratio of 1.64.

Evolution Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 10.46%. The ex-dividend date was Friday, March 14th. Evolution Petroleum's payout ratio is presently 960.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on EPM shares. Northland Securities dropped their price objective on shares of Evolution Petroleum from $7.00 to $6.50 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. StockNews.com lowered shares of Evolution Petroleum from a "hold" rating to a "sell" rating in a research report on Friday, February 7th.

Evolution Petroleum Profile

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.