CWA Asset Management Group LLC Invests $1.14 Million in Evolution Petroleum Corporation (NYSE:EPM)

CWA Asset Management Group LLC bought a new stake in Evolution Petroleum Corporation (NYSE:EPM - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 213,870 shares of the company's stock, valued at approximately $1,136,000. CWA Asset Management Group LLC owned approximately 0.64% of Evolution Petroleum as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new position in Evolution Petroleum during the 3rd quarter worth about $297,000. SG Americas Securities LLC acquired a new position in Evolution Petroleum during the 3rd quarter worth about $56,000. Finally, Creative Planning acquired a new position in Evolution Petroleum during the 3rd quarter worth about $53,000. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com upgraded Evolution Petroleum to a "sell" rating in a report on Sunday, September 15th. Northland Capmk upgraded Evolution Petroleum to a "strong-buy" rating in a research note on Thursday, October 17th.

Evolution Petroleum Trading Up 0.4 %

NYSE:EPM traded up $0.02 during mid-day trading on Monday, reaching $5.55. 63,742 shares of the stock were exchanged, compared to its average volume of 290,882. The company has a market capitalization of $186.52 million, a PE ratio of 46.08 and a beta of 0.82. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. Evolution Petroleum Corporation has a 1 year low of $4.59 and a 1 year high of $6.28.

Evolution Petroleum (NYSE:EPM - Get Free Report) last released its quarterly earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). Evolution Petroleum had a return on equity of 5.39% and a net margin of 4.75%. The firm had revenue of $21.23 million for the quarter, compared to analysts' expectations of $24.44 million. On average, research analysts anticipate that Evolution Petroleum Corporation will post 0.31 EPS for the current year.

Evolution Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.48 annualized dividend and a dividend yield of 8.65%. Evolution Petroleum's dividend payout ratio is currently 400.00%.

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.