CWA Asset Management Group LLC Purchases 70,450 Shares of Evolution Petroleum Corporation (NYSE:EPM)

CWA Asset Management Group LLC lifted its stake in Evolution Petroleum Corporation (NYSE:EPM - Free Report) by 30.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 305,012 shares of the company's stock after acquiring an additional 70,450 shares during the quarter. CWA Asset Management Group LLC owned 0.89% of Evolution Petroleum worth $1,580,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Rhumbline Advisers grew its stake in shares of Evolution Petroleum by 28.2% in the first quarter. Rhumbline Advisers now owns 50,448 shares of the company's stock worth $261,000 after acquiring an additional 11,083 shares during the period. Chancellor Financial Group WB LP bought a new stake in shares of Evolution Petroleum in the fourth quarter worth approximately $58,000. PharVision Advisers LLC bought a new stake in shares of Evolution Petroleum in the fourth quarter worth approximately $152,000. Two Sigma Investments LP bought a new stake in shares of Evolution Petroleum in the fourth quarter worth approximately $148,000. Finally, Millennium Management LLC bought a new stake in shares of Evolution Petroleum in the fourth quarter worth approximately $97,000. 60.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EPM shares. 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. Finally, Alliance Global Partners started coverage on shares of Evolution Petroleum in a research report on Wednesday, May 7th. They set a "buy" rating and a $5.70 target price for the company.

Evolution Petroleum Stock Performance

NYSE EPM traded down $0.11 during trading hours on Friday, hitting $4.91. 194,500 shares of the company's stock traded hands, compared to its average volume of 177,070. The business's fifty day moving average price is $4.49 and its two-hundred day moving average price is $4.92. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $168.45 million, a P/E ratio of 98.22 and a beta of 0.56. Evolution Petroleum Corporation has a 52 week low of $4.05 and a 52 week high of $6.14.

Evolution Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.78%. Evolution Petroleum's payout ratio is currently -1,600.00%.

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.