Evolution Petroleum Corporation (NYSE:EPM) Stake Lifted by American Century Companies Inc.

American Century Companies Inc. raised its position in shares of Evolution Petroleum Corporation (NYSE:EPM - Free Report) by 31.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 629,696 shares of the company's stock after buying an additional 149,130 shares during the quarter. American Century Companies Inc. owned about 1.87% of Evolution Petroleum worth $3,293,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EPM. Wellington Management Group LLP acquired a new stake in shares of Evolution Petroleum during the 3rd quarter valued at approximately $63,000. Intech Investment Management LLC bought a new position in shares of Evolution Petroleum in the 4th quarter worth about $68,000. SG Americas Securities LLC lifted its position in shares of Evolution Petroleum by 25.1% in the 4th quarter. SG Americas Securities LLC now owns 13,223 shares of the company's stock worth $69,000 after buying an additional 2,650 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Evolution Petroleum in the 3rd quarter valued at about $112,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Evolution Petroleum during the 4th quarter valued at about $113,000. Institutional investors own 60.07% of the company's stock.

Evolution Petroleum Stock Performance

Shares of EPM stock traded up $0.14 during trading hours on Friday, reaching $4.33. The stock had a trading volume of 206,075 shares, compared to its average volume of 186,011. The firm has a market capitalization of $148.32 million, a PE ratio of 86.62 and a beta of 0.51. The firm has a 50-day simple moving average of $4.98 and a 200-day simple moving average of $5.29. Evolution Petroleum Corporation has a twelve month low of $4.10 and a twelve month high of $6.14. 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 company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.48 annualized dividend and a dividend yield of 11.09%. Evolution Petroleum's payout ratio is currently 960.00%.

Wall Street Analysts Forecast Growth

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

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.