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

Raymond James Financial Inc. purchased a new position in Evolution Petroleum Corporation (NYSE:EPM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 282,496 shares of the company's stock, valued at approximately $1,477,000. Raymond James Financial Inc. owned about 0.84% of Evolution Petroleum as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EPM. Dynamic Technology Lab Private Ltd acquired a new position in Evolution Petroleum in the 3rd quarter valued at about $105,000. Quantinno Capital Management LP raised its position in shares of Evolution Petroleum by 278.3% in the third quarter. Quantinno Capital Management LP now owns 51,000 shares of the company's stock valued at $271,000 after buying an additional 37,519 shares during the last quarter. State Street Corp lifted its stake in shares of Evolution Petroleum by 1.0% during the third quarter. State Street Corp now owns 665,239 shares of the company's stock valued at $3,532,000 after buying an additional 6,675 shares during the period. Wellington Management Group LLP purchased a new position in shares of Evolution Petroleum during the third quarter valued at approximately $63,000. Finally, XTX Topco Ltd acquired a new stake in Evolution Petroleum during the third quarter worth approximately $112,000. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

Evolution Petroleum Trading Down 4.7 %

Shares of EPM stock traded down $0.24 on Thursday, reaching $4.91. 287,008 shares of the stock were exchanged, compared to its average volume of 171,689. 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 stock has a market cap of $168.19 million, a P/E ratio of 98.22 and a beta of 0.87. The firm has a 50 day moving average of $5.15 and a two-hundred day moving average of $5.36. Evolution Petroleum Corporation has a 1-year low of $4.59 and a 1-year high of $6.24.

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Evolution Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.78%. Evolution Petroleum's dividend payout ratio (DPR) is 960.00%.

Analysts Set New Price Targets

EPM has been the topic of a number of research analyst reports. StockNews.com lowered Evolution Petroleum from a "hold" rating to a "sell" rating in a research note on Friday, February 7th. Northland Securities decreased their target price on shares of Evolution Petroleum from $7.00 to $6.50 and set an "outperform" rating on the stock in a research report on Thursday, February 6th.

Evolution Petroleum Company 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.