Deutsche Bank AG Reduces Stock Holdings in Evolution Petroleum Corporation $EPM

Deutsche Bank AG trimmed its holdings in shares of Evolution Petroleum Corporation (NYSE:EPM) by 17.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,978 shares of the company’s stock after selling 9,114 shares during the quarter. Deutsche Bank AG owned 0.13% of Evolution Petroleum worth $223,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in Evolution Petroleum by 240.1% in the fourth quarter. JPMorgan Chase & Co. now owns 48,336 shares of the company’s stock valued at $253,000 after buying an additional 34,125 shares during the last quarter. Wells Fargo & Company MN grew its position in Evolution Petroleum by 37.5% in the fourth quarter. Wells Fargo & Company MN now owns 63,057 shares of the company’s stock worth $330,000 after buying an additional 17,191 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Evolution Petroleum in the fourth quarter worth about $1,477,000. Barclays PLC raised its position in Evolution Petroleum by 8.8% during the fourth quarter. Barclays PLC now owns 49,309 shares of the company’s stock valued at $257,000 after buying an additional 3,978 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Evolution Petroleum in the 4th quarter worth approximately $143,000. Institutional investors own 60.07% of the company’s stock.

Evolution Petroleum Stock Performance

Shares of NYSE:EPM opened at $5.16 on Friday. The stock has a market capitalization of $177.03 million, a price-to-earnings ratio of 103.22 and a beta of 0.60. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.64 and a quick ratio of 1.64. The company’s 50 day simple moving average is $4.90 and its 200 day simple moving average is $4.77. Evolution Petroleum Corporation has a 1 year low of $4.05 and a 1 year high of $6.14.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Northland Capmk upgraded Evolution Petroleum to a “hold” rating in a research note on Tuesday, May 20th. Alliance Global Partners assumed coverage on shares of Evolution Petroleum in a report on Wednesday, May 7th. They set a “buy” rating and a $5.70 price objective on the stock. Finally, Wall Street Zen raised Evolution Petroleum from a “sell” rating to a “hold” rating in a research note on Monday, May 19th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Evolution Petroleum currently has an average rating of “Moderate Buy” and an average target price of $6.10.

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.