Evolution Petroleum Corporation $EPM Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its stake in shares of Evolution Petroleum Corporation (NYSE:EPM) by 8.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,865 shares of the company’s stock after selling 5,785 shares during the period. Invesco Ltd. owned approximately 0.20% of Evolution Petroleum worth $346,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in EPM. Chancellor Financial Group WB LP acquired a new stake in shares of Evolution Petroleum during the fourth quarter worth $58,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Evolution Petroleum during the fourth quarter worth $65,000. Millennium Management LLC acquired a new stake in shares of Evolution Petroleum during the fourth quarter worth $97,000. MetLife Investment Management LLC lifted its stake in shares of Evolution Petroleum by 222.6% during the fourth quarter. MetLife Investment Management LLC now owns 19,232 shares of the company’s stock worth $101,000 after buying an additional 13,270 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in shares of Evolution Petroleum during the fourth quarter worth $148,000. 60.07% of the stock is currently owned by institutional investors and hedge funds.

Evolution Petroleum Stock Down 0.4%

EPM opened at $5.07 on Friday. Evolution Petroleum Corporation has a fifty-two week low of $4.05 and a fifty-two week 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. The company has a fifty day moving average of $4.93 and a two-hundred day moving average of $4.76. The stock has a market capitalization of $173.94 million, a price-to-earnings ratio of 101.42 and a beta of 0.61.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Evolution Petroleum from a “sell” rating to a “hold” rating in a research report on Monday, May 19th. Northland Capmk upgraded shares of Evolution Petroleum to a “hold” rating in a research report on Tuesday, May 20th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.