Nuveen LLC Purchases Shares of 61,211 Evolution Petroleum Corporation $EPM

Key Points

• Nuveen LLC has acquired a new stake in Evolution Petroleum Corporation, purchasing 61,211 shares valued at approximately $317,000, which constitutes about 0.18% of the company.
• Evolution Petroleum's stock is currently down 0.4%, trading at $5.07, with a twelve month high of $6.14 and a market capitalization of $173.94 million.
• Analysts have upgraded Evolution Petroleum's rating to **"hold,"** with a consensus target price set at $6.10, indicating a moderate positive outlook for the stock.

Nuveen LLC purchased a new stake in shares of Evolution Petroleum Corporation (NYSE:EPM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,211 shares of the company's stock, valued at approximately $317,000. Nuveen LLC owned about 0.18% of Evolution Petroleum at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Barclays PLC boosted its stake in Evolution Petroleum by 8.8% in the fourth quarter. Barclays PLC now owns 49,309 shares of the company's stock valued at $257,000 after acquiring an additional 3,978 shares during the last quarter. Register Financial Advisors LLC boosted its position in shares of Evolution Petroleum by 2.7% during the first quarter. Register Financial Advisors LLC now owns 297,782 shares of the company's stock worth $1,543,000 after purchasing an additional 7,880 shares in the last quarter. Chancellor Financial Group WB LP bought a new position in shares of Evolution Petroleum during the fourth quarter worth $58,000. Rhumbline Advisers boosted its position in shares of Evolution Petroleum by 28.2% during the first quarter. Rhumbline Advisers now owns 50,448 shares of the company's stock worth $261,000 after purchasing an additional 11,083 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of Evolution Petroleum during the fourth quarter worth $65,000. 60.07% of the stock is owned by institutional investors.

Evolution Petroleum Stock Up 0.2%

Shares of NYSE:EPM traded up $0.01 during midday trading on Thursday, reaching $5.24. 113,268 shares of the company were exchanged, compared to its average volume of 174,370. 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 stock has a fifty day simple moving average of $4.95 and a two-hundred day simple moving average of $4.77. The firm has a market cap of $179.77 million, a PE ratio of 104.82 and a beta of 0.61.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Evolution Petroleum from a "sell" rating to a "hold" rating in a research report on Monday, May 19th. Northland Capmk raised 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $6.10.

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.