Evolution Petroleum Corporation (NYSE:EPM) Stock Holdings Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in Evolution Petroleum Corporation (NYSE:EPM - Free Report) by 38.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 248,872 shares of the company's stock after selling 153,807 shares during the quarter. Bank of New York Mellon Corp owned about 0.74% of Evolution Petroleum worth $1,302,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp lifted its holdings in shares of Evolution Petroleum by 1.0% during the 3rd quarter. State Street Corp now owns 665,239 shares of the company's stock worth $3,532,000 after acquiring an additional 6,675 shares during the period. Register Financial Advisors LLC grew its stake in shares of Evolution Petroleum by 0.8% in the fourth quarter. Register Financial Advisors LLC now owns 289,902 shares of the company's stock valued at $1,516,000 after buying an additional 2,303 shares in the last quarter. CWA Asset Management Group LLC raised its stake 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 during the period. Quantinno Capital Management LP increased its stake in Evolution Petroleum by 278.3% during the 3rd quarter. Quantinno Capital Management LP now owns 51,000 shares of the company's stock worth $271,000 after buying an additional 37,519 shares during the period. Finally, Barclays PLC increased its stake in shares of 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 buying an additional 33,256 shares during the last quarter. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities research analysts recently issued reports on EPM shares. Northland Securities dropped their price target on Evolution Petroleum from $7.00 to $6.50 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. StockNews.com cut shares of Evolution Petroleum from a "hold" rating to a "sell" rating in a report on Friday, February 7th.

Evolution Petroleum Trading Up 0.4 %

Shares of NYSE EPM traded up $0.02 during mid-day trading on Thursday, reaching $5.14. The company had a trading volume of 124,188 shares, compared to its average volume of 172,889. Evolution Petroleum Corporation has a 1-year low of $4.59 and a 1-year high of $6.28. The business has a 50-day moving average price of $5.20. The stock has a market capitalization of $176.07 million, a PE ratio of 102.82 and a beta of 0.87. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.64 and a current ratio of 1.64.

Evolution Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.12 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.48 annualized dividend and a dividend yield of 9.34%. Evolution Petroleum's dividend payout ratio (DPR) is presently 960.00%.

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.