American Century Companies Inc. Raises Stake in Evolution Petroleum Corporation $EPM

Key Points

• American Century Companies Inc. increased its stake in Evolution Petroleum Corporation by 19%, owning approximately 2.19% of the company worth $3.88 million as of the latest filing.
• Several institutional investors, including Quarry LP and LPL Financial LLC, have also recently adjusted their positions in Evolution Petroleum, contributing to a total of 60.07% of the stock being owned by institutional entities.
• Analysts have a consensus rating of "Moderate Buy" for Evolution Petroleum, with an average price target of $6.10, and a recent upgrade to a "hold" rating by multiple firms.

American Century Companies Inc. boosted its position in shares of Evolution Petroleum Corporation (NYSE:EPM - Free Report) by 19.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 749,442 shares of the company's stock after acquiring an additional 119,746 shares during the period. American Century Companies Inc. owned about 2.19% of Evolution Petroleum worth $3,882,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EPM. Barclays PLC boosted its holdings in shares of Evolution Petroleum by 8.8% in the 4th quarter. Barclays PLC now owns 49,309 shares of the company's stock valued at $257,000 after buying an additional 3,978 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Evolution Petroleum by 56.7% in the 4th quarter. Legal & General Group Plc now owns 12,088 shares of the company's stock valued at $63,000 after buying an additional 4,375 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Evolution Petroleum by 45.5% in the 4th quarter. LPL Financial LLC now owns 15,848 shares of the company's stock valued at $83,000 after buying an additional 4,955 shares in the last quarter. Quarry LP acquired a new position in shares of Evolution Petroleum in the 4th quarter valued at $40,000. Finally, Register Financial Advisors LLC boosted its holdings in shares of Evolution Petroleum by 2.7% in the 1st quarter. Register Financial Advisors LLC now owns 297,782 shares of the company's stock valued at $1,543,000 after buying an additional 7,880 shares in the last quarter. Institutional investors and hedge funds own 60.07% of the company's stock.

Evolution Petroleum Stock Performance

Evolution Petroleum stock traded up $0.02 during trading hours on Thursday, reaching $5.00. 27,993 shares of the stock were exchanged, compared to its average volume of 175,124. The stock has a market cap of $171.54 million, a P/E ratio of 100.02 and a beta of 0.61. 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 Corporation has a 52-week low of $4.05 and a 52-week high of $6.14. The firm's 50 day moving average is $4.92 and its 200 day moving average is $4.77.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EPM. Wall Street Zen upgraded shares of Evolution Petroleum from a "sell" rating to a "hold" rating in a research note on Monday, May 19th. Northland Capmk upgraded shares of Evolution Petroleum to a "hold" rating in a research note on Tuesday, May 20th. Finally, Alliance Global Partners began 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. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock 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.