Raymond James Financial Services Advisors Inc. Boosts Stake in Evolution Petroleum Co. (NYSEAMERICAN:EPM)

Raymond James Financial Services Advisors Inc. lifted its holdings in Evolution Petroleum Co. (NYSEAMERICAN:EPM) by 88.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 116,023 shares of the energy company’s stock after purchasing an additional 54,315 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Evolution Petroleum were worth $674,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Advisor Group Holdings Inc. lifted its holdings in Evolution Petroleum by 97.0% during the first quarter. Advisor Group Holdings Inc. now owns 3,656 shares of the energy company’s stock valued at $25,000 after purchasing an additional 1,800 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Evolution Petroleum by 253,450.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,071 shares of the energy company’s stock worth $34,000 after buying an additional 5,069 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Evolution Petroleum during the 3rd quarter worth approximately $35,000. Cubist Systematic Strategies LLC acquired a new position in shares of Evolution Petroleum during the first quarter valued at approximately $34,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Evolution Petroleum in the first quarter valued at approximately $39,000. Institutional investors and hedge funds own 60.07% of the company’s stock.

Evolution Petroleum Price Performance

EPM stock opened at $5.59 on Thursday. Evolution Petroleum Co. has a 12 month low of $5.00 and a 12 month high of $10.11. The stock has a market capitalization of $187.04 million, a price-to-earnings ratio of 11.65 and a beta of 0.89.

Evolution Petroleum (NYSEAMERICAN:EPM) last posted its quarterly earnings results on Tuesday, February 6th. The energy company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.07). Evolution Petroleum had a net margin of 17.25% and a return on equity of 18.44%. The company had revenue of $21.02 million during the quarter, compared to analyst estimates of $23.67 million. On average, sell-side analysts expect that Evolution Petroleum Co. will post 0.17 earnings per share for the current year.

Evolution Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.48 annualized dividend and a dividend yield of 8.59%. Evolution Petroleum’s dividend payout ratio is presently 100.00%.

Analyst Ratings Changes

EPM has been the subject of several research reports. Roth Mkm reiterated a “buy” rating and set a $8.25 price target on shares of Evolution Petroleum in a research report on Thursday, April 4th. TheStreet cut shares of Evolution Petroleum from a “b” rating to a “c+” rating in a research note on Wednesday, February 7th.

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 interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of approximately 13,636 acres located in Northeast Louisiana.