Northern Trust Corp Increases Position in Evolution Petroleum Corporation (NYSE:EPM)

Northern Trust Corp grew its stake in Evolution Petroleum Corporation (NYSE:EPM) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 319,784 shares of the company’s stock after buying an additional 14,727 shares during the period. Northern Trust Corp owned 0.95% of Evolution Petroleum worth $1,672,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Quarry LP acquired a new position in shares of Evolution Petroleum in the 4th quarter valued at $40,000. Prosperity Consulting Group LLC boosted its holdings in shares of Evolution Petroleum by 54.1% in the 4th quarter. Prosperity Consulting Group LLC now owns 36,020 shares of the company’s stock valued at $188,000 after buying an additional 12,638 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of Evolution Petroleum in the 4th quarter valued at $65,000. MetLife Investment Management LLC boosted its holdings in shares of Evolution Petroleum by 222.6% in the 4th quarter. MetLife Investment Management LLC now owns 19,232 shares of the company’s stock valued at $101,000 after buying an additional 13,270 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Evolution Petroleum by 6.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,510,454 shares of the company’s stock valued at $7,899,000 after buying an additional 89,697 shares in the last quarter. Institutional investors and hedge funds own 60.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Northland Capmk upgraded shares of Evolution Petroleum to a “hold” rating in a report on Tuesday, May 20th. Wall Street Zen upgraded shares of Evolution Petroleum from a “sell” rating to a “hold” rating in a research note on Monday, May 19th. Alliance Global Partners assumed coverage on shares of Evolution Petroleum in a research note on Wednesday, May 7th. They set a “buy” rating and a $5.70 price target for the company. Finally, Northland Securities decreased their price target 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.

Evolution Petroleum Stock Up 0.2%

Shares of NYSE:EPM opened at $4.31 on Tuesday. The stock has a market cap of $147.87 million, a P/E ratio of 86.22 and a beta of 0.49. The firm has a fifty day moving average price of $4.48 and a 200 day moving average price of $5.05. 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 Corporation has a 1-year low of $4.05 and a 1-year high of $6.14.

Evolution Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.48 dividend on an annualized basis and a yield of 11.14%. Evolution Petroleum’s payout ratio is currently -1,600.00%.

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.