Russell Investments Group Ltd. Has $2.86 Million Stock Position in Evolution Petroleum Corporation (NYSE:EPM)

Russell Investments Group Ltd. lessened its position in Evolution Petroleum Corporation (NYSE:EPM - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 546,878 shares of the company's stock after selling 91,392 shares during the quarter. Russell Investments Group Ltd. owned approximately 1.63% of Evolution Petroleum worth $2,860,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of EPM. State Street Corp raised its holdings in shares of Evolution Petroleum by 1.0% in the third quarter. State Street Corp now owns 665,239 shares of the company's stock valued at $3,532,000 after purchasing an additional 6,675 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Evolution Petroleum in the 3rd quarter valued at $63,000. XTX Topco Ltd bought a new stake in Evolution Petroleum during the 3rd quarter worth about $112,000. Barclays PLC boosted its stake in shares of Evolution Petroleum by 275.4% during the 3rd quarter. Barclays PLC now owns 45,331 shares of the company's stock worth $242,000 after buying an additional 33,256 shares during the last quarter. Finally, CWA Asset Management Group LLC grew its holdings in shares of Evolution Petroleum by 9.7% in the 4th quarter. CWA Asset Management Group LLC now owns 234,562 shares of the company's stock valued at $1,227,000 after acquiring an additional 20,692 shares in the last quarter. Institutional investors own 60.07% of the company's stock.

Evolution Petroleum Stock Performance

Shares of Evolution Petroleum stock traded up $0.05 during trading on Wednesday, hitting $4.35. 25,241 shares of the stock were exchanged, compared to its average volume of 181,267. 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 company has a fifty day moving average price of $4.83 and a 200-day moving average price of $5.23. The stock has a market capitalization of $149.00 million, a price-to-earnings ratio of 87.02 and a beta of 0.51. Evolution Petroleum Corporation has a 1-year low of $4.10 and a 1-year high of $6.14.

Evolution Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.12 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.48 annualized dividend and a yield of 11.03%. Evolution Petroleum's dividend payout ratio is 960.00%.

Analysts Set New Price Targets

Several analysts recently issued reports on EPM shares. StockNews.com lowered Evolution Petroleum from a "hold" rating to a "sell" rating in a report on Friday, February 7th. Northland Securities dropped their price objective on Evolution Petroleum from $7.00 to $6.50 and set an "outperform" rating on the stock in a research note on Thursday, February 6th.

About Evolution Petroleum

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.