Evolution Petroleum Corporation $EPM Shares Purchased 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 holdings in shares of Evolution Petroleum Corporation (NYSE:EPM - Free Report) by 22.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 670,155 shares of the company's stock after purchasing an additional 123,277 shares during the period. Russell Investments Group Ltd. owned approximately 1.96% of Evolution Petroleum worth $3,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of 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 during the last quarter. CWA Asset Management Group LLC boosted its position in Evolution Petroleum by 30.0% during the first quarter. CWA Asset Management Group LLC now owns 305,012 shares of the company's stock worth $1,580,000 after acquiring an additional 70,450 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Evolution Petroleum during the fourth quarter worth about $1,477,000. Bank of America Corp DE boosted its position in Evolution Petroleum by 39.3% during the fourth quarter. Bank of America Corp DE now owns 51,446 shares of the company's stock worth $269,000 after acquiring an additional 14,512 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in Evolution Petroleum by 99.5% during the fourth quarter. Deutsche Bank AG now owns 52,092 shares of the company's stock worth $272,000 after acquiring an additional 25,985 shares during the last quarter. Hedge funds and other institutional investors own 60.07% of the company's stock.

Evolution Petroleum Stock Up 0.6%

EPM traded up $0.03 during trading hours on Friday, hitting $5.16. 207,294 shares of the company's stock were exchanged, compared to its average volume of 176,411. Evolution Petroleum Corporation has a 12-month low of $4.05 and a 12-month high of $6.14. The firm has a 50 day moving average of $4.90 and a 200 day moving average of $4.77. The firm has a market cap of $177.03 million, a P/E ratio of 103.22 and a beta of 0.60. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.52.

Wall Street Analyst Weigh In

EPM has been the topic of a number of recent research reports. Alliance Global Partners initiated coverage on shares of Evolution Petroleum in a research report on Wednesday, May 7th. They set a "buy" rating and a $5.70 price target on the stock. Wall Street Zen upgraded shares of Evolution Petroleum from a "sell" rating to a "hold" rating in a research report on Monday, May 19th. Finally, Northland Capmk upgraded shares of Evolution Petroleum to a "hold" rating in a research report on Tuesday, May 20th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Evolution Petroleum has an average rating of "Moderate Buy" and a consensus 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.