Evolution Petroleum Corporation (NYSE:EPM) Shares Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC increased its holdings in Evolution Petroleum Corporation (NYSE:EPM - Free Report) by 30.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 305,012 shares of the company's stock after acquiring an additional 70,450 shares during the period. CWA Asset Management Group LLC owned approximately 0.89% of Evolution Petroleum worth $1,580,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Evolution Petroleum during the fourth quarter worth $1,477,000. Dimensional Fund Advisors LP lifted its stake in Evolution Petroleum by 6.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,510,454 shares of the company's stock worth $7,899,000 after purchasing an additional 89,697 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Evolution Petroleum in the fourth quarter valued at $113,000. American Century Companies Inc. raised its stake in shares of Evolution Petroleum by 31.0% in the fourth quarter. American Century Companies Inc. now owns 629,696 shares of the company's stock valued at $3,293,000 after acquiring an additional 149,130 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Evolution Petroleum by 166.4% in the fourth quarter. Victory Capital Management Inc. now owns 33,451 shares of the company's stock valued at $175,000 after acquiring an additional 20,894 shares in the last quarter. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EPM has been the topic of several analyst reports. Northland Capmk upgraded Evolution Petroleum to a "hold" rating in a research note on Tuesday, May 20th. Alliance Global Partners started coverage on Evolution Petroleum in a research note on Wednesday, May 7th. They issued a "buy" rating and a $5.70 price objective on the stock. Finally, Wall Street Zen upgraded Evolution Petroleum from a "sell" rating to a "hold" rating in a research note on Monday, May 19th.

Evolution Petroleum Stock Down 2.2%

Evolution Petroleum stock traded down $0.11 during midday trading on Friday, reaching $4.91. The company's stock had a trading volume of 194,500 shares, compared to its average volume of 177,070. 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 quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.52. The company has a market cap of $168.45 million, a P/E ratio of 98.22 and a beta of 0.56. The business has a 50-day simple moving average of $4.49 and a 200-day simple moving average of $4.93.

Evolution Petroleum Dividend Announcement

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 issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 9.78%. The ex-dividend date is Friday, June 13th. Evolution Petroleum's payout ratio is -1,600.00%.

Evolution Petroleum Company 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.