Price T Rowe Associates Inc. MD Invests $65,000 in Evolution Petroleum Corporation (NYSE:EPM)

Price T Rowe Associates Inc. MD purchased a new position in Evolution Petroleum Corporation (NYSE:EPM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,259 shares of the company’s stock, valued at approximately $65,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Register Financial Advisors LLC grew its holdings in shares of Evolution Petroleum by 0.8% in the fourth quarter. Register Financial Advisors LLC now owns 289,902 shares of the company’s stock worth $1,516,000 after purchasing an additional 2,303 shares during the last quarter. SG Americas Securities LLC lifted its stake in Evolution Petroleum by 25.1% in the fourth quarter. SG Americas Securities LLC now owns 13,223 shares of the company’s stock worth $69,000 after acquiring an additional 2,650 shares during the period. Geode Capital Management LLC lifted its stake in Evolution Petroleum by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 712,521 shares of the company’s stock worth $3,728,000 after acquiring an additional 2,657 shares during the period. Barclays PLC lifted its stake in Evolution Petroleum by 8.8% in the fourth quarter. Barclays PLC now owns 49,309 shares of the company’s stock worth $257,000 after acquiring an additional 3,978 shares during the period. Finally, Legal & General Group Plc lifted its stake in Evolution Petroleum by 56.7% in the fourth quarter. Legal & General Group Plc now owns 12,088 shares of the company’s stock worth $63,000 after acquiring an additional 4,375 shares during the period. 60.07% of the stock is currently owned by institutional investors.

Evolution Petroleum Stock Performance

EPM stock opened at $4.50 on Monday. The firm has a market cap of $154.14 million, a price-to-earnings ratio of 90.02 and a beta of 0.49. The firm has a 50-day simple moving average of $4.56 and a two-hundred day simple moving average of $5.10. Evolution Petroleum Corporation has a one year low of $4.05 and a one year high of $6.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.64 and a current ratio of 1.64.

Evolution Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.48 annualized dividend and a dividend yield of 10.67%. Evolution Petroleum’s dividend payout ratio (DPR) is currently -1,600.00%.

Analyst Ratings Changes

A number of research firms recently weighed in on EPM. StockNews.com lowered shares of Evolution Petroleum from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Northland Capmk lowered shares of Evolution Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 23rd. Northland Securities lowered their price objective on shares of 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, Alliance Global Partners assumed coverage on shares of Evolution Petroleum in a research report on Wednesday, May 7th. They set a “buy” rating and a $5.70 price target for the company.

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.