LPL Financial LLC Has $83,000 Stock Holdings in Evolution Petroleum Corporation (NYSE:EPM)

LPL Financial LLC grew its holdings in shares of Evolution Petroleum Corporation (NYSE:EPM) by 45.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,848 shares of the company’s stock after buying an additional 4,955 shares during the quarter. LPL Financial LLC’s holdings in Evolution Petroleum were worth $83,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in Evolution Petroleum during the 4th quarter worth $1,477,000. American Century Companies Inc. lifted its position in shares of Evolution Petroleum by 31.0% during the fourth quarter. American Century Companies Inc. now owns 629,696 shares of the company’s stock valued at $3,293,000 after purchasing an additional 149,130 shares in the last quarter. Barclays PLC boosted its holdings in Evolution Petroleum by 275.4% during the third quarter. Barclays PLC now owns 45,331 shares of the company’s stock worth $242,000 after purchasing an additional 33,256 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Evolution Petroleum in the 4th quarter worth about $113,000. Finally, Victory Capital Management Inc. increased its stake in Evolution Petroleum by 166.4% in the 4th quarter. Victory Capital Management Inc. now owns 33,451 shares of the company’s stock valued at $175,000 after buying an additional 20,894 shares during the last quarter. 60.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EPM. Northland Capmk downgraded Evolution Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 23rd. 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 note on Thursday, February 6th. Finally, StockNews.com lowered Evolution Petroleum from a “hold” rating to a “sell” rating in a research report on Friday, February 7th.

Evolution Petroleum Stock Up 0.2 %

EPM opened at $4.20 on Friday. The company’s 50-day moving average price is $4.70 and its two-hundred day moving average price is $5.17. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.52. Evolution Petroleum Corporation has a twelve month low of $4.10 and a twelve month high of $6.14. The stock has a market cap of $143.87 million, a price-to-earnings ratio of 84.02 and a beta of 0.51.

Evolution Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 11.43%. The ex-dividend date was Friday, March 14th. Evolution Petroleum’s dividend payout ratio (DPR) is 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.