Jane Street Group LLC Decreases Position in Evolution Petroleum Corporation (NYSE:EPM)

Jane Street Group LLC decreased its position in shares of Evolution Petroleum Corporation (NYSE:EPM - Free Report) by 79.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,909 shares of the company's stock after selling 61,645 shares during the quarter. Jane Street Group LLC's holdings in Evolution Petroleum were worth $84,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Creative Planning bought a new position in Evolution Petroleum in the 3rd quarter worth approximately $53,000. SG Americas Securities LLC purchased a new position in shares of Evolution Petroleum in the third quarter worth $56,000. Wellington Management Group LLP bought a new position in shares of Evolution Petroleum during the third quarter worth $63,000. Caprock Group LLC purchased a new position in Evolution Petroleum during the third quarter valued at $71,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Evolution Petroleum during the third quarter valued at $105,000. Institutional investors own 60.07% of the company's stock.

Evolution Petroleum Price Performance

Shares of NYSE EPM traded down $0.01 during midday trading on Thursday, reaching $5.57. 155,498 shares of the stock traded hands, compared to its average volume of 154,310. The stock has a 50 day moving average of $5.50. Evolution Petroleum Corporation has a one year low of $4.59 and a one year high of $6.28. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $187.15 million, a PE ratio of 39.79 and a beta of 0.87.

Evolution Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.12 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.62%. Evolution Petroleum's payout ratio is currently 342.88%.

Analyst Ratings Changes

Several research analysts have commented on the stock. StockNews.com raised shares of Evolution Petroleum from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. Northland Capmk upgraded Evolution Petroleum to a "strong-buy" rating in a research report on Thursday, October 17th.

About Evolution Petroleum

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.