Evolution Petroleum Corporation $EPM Position Boosted by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Evolution Petroleum Corporation by 22.5% to own 670,155 shares valued at approximately $3.47 million in the 1st quarter.
• Several other institutional investors have also made moves, with 60.07% of the stock currently held by institutional investors and hedge funds.
• Equities analysts have rated Evolution Petroleum stock as a "Moderate Buy" with an average price target of $6.10, following recent upgrades and coverage initiations.

Russell Investments Group Ltd. increased its position in shares of Evolution Petroleum Corporation (NYSE:EPM - Free Report) by 22.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 670,155 shares of the company's stock after buying an additional 123,277 shares during the period. Russell Investments Group Ltd. owned 1.96% of Evolution Petroleum worth $3,471,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EPM. Geode Capital Management LLC raised its position in shares of Evolution Petroleum by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 712,521 shares of the company's stock valued at $3,728,000 after buying an additional 2,657 shares during the last quarter. Barclays PLC grew its holdings in Evolution Petroleum by 8.8% during the 4th quarter. Barclays PLC now owns 49,309 shares of the company's stock worth $257,000 after acquiring an additional 3,978 shares in the last quarter. Legal & General Group Plc grew its holdings in Evolution Petroleum by 56.7% during the 4th quarter. Legal & General Group Plc now owns 12,088 shares of the company's stock worth $63,000 after acquiring 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. Finally, Cerity Partners LLC boosted its holdings in shares of Evolution Petroleum by 30.9% in the 4th quarter. Cerity Partners LLC now owns 32,634 shares of the company's stock valued at $171,000 after buying an additional 7,709 shares in the last quarter. 60.07% of the stock is owned by hedge funds and other institutional investors.

Evolution Petroleum Stock Performance

Shares of EPM traded up $0.02 during midday trading on Thursday, hitting $5.12. 63,130 shares of the stock traded hands, compared to its average volume of 175,941. Evolution Petroleum Corporation has a 1-year low of $4.05 and a 1-year high of $6.14. The firm has a market capitalization of $175.66 million, a PE ratio of 102.42 and a beta of 0.60. 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 business's 50 day moving average price is $4.89 and its two-hundred day moving average price is $4.77.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Northland Capmk upgraded shares of Evolution Petroleum to a "hold" rating in a research report on Tuesday, May 20th. Alliance Global Partners began coverage on shares of Evolution Petroleum in a research report on Wednesday, May 7th. They issued a "buy" rating and a $5.70 target price on the stock. Finally, Wall Street Zen upgraded shares of Evolution Petroleum from a "sell" rating to a "hold" rating in a report on Monday, May 19th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.