Wellington Management Group LLP Purchases New Shares in Evolution Petroleum Corporation (NYSE:EPM)

Wellington Management Group LLP acquired a new position in Evolution Petroleum Corporation (NYSE:EPM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,792 shares of the company’s stock, valued at approximately $63,000.

A number of other institutional investors and hedge funds have also made changes to their positions in EPM. State Street Corp boosted its stake in shares of Evolution Petroleum by 1.0% during the 3rd quarter. State Street Corp now owns 665,239 shares of the company’s stock worth $3,532,000 after purchasing an additional 6,675 shares during the period. Quantinno Capital Management LP boosted its position in shares of Evolution Petroleum by 278.3% during the third quarter. Quantinno Capital Management LP now owns 51,000 shares of the company’s stock valued at $271,000 after buying an additional 37,519 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Evolution Petroleum during the third quarter valued at approximately $105,000. Caprock Group LLC purchased a new stake in shares of Evolution Petroleum in the third quarter worth approximately $71,000. Finally, CWA Asset Management Group LLC bought a new stake in shares of Evolution Petroleum during the 3rd quarter worth approximately $1,136,000. 60.07% of the stock is owned by hedge funds and other institutional investors.

Evolution Petroleum Stock Down 0.6 %

EPM opened at $4.88 on Friday. Evolution Petroleum Corporation has a 52 week low of $4.59 and a 52 week high of $6.28. The stock has a market cap of $163.95 million, a P/E ratio of 34.86 and a beta of 0.86. The business’s fifty day moving average price is $5.51. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.69 and a quick ratio of 1.69.

Evolution Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 9.84%. The ex-dividend date of this dividend is Friday, December 13th. Evolution Petroleum’s dividend payout ratio (DPR) is presently 342.86%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EPM shares. StockNews.com upgraded Evolution Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Northland Capmk upgraded shares of Evolution Petroleum to a “strong-buy” rating in a report on Thursday, October 17th.

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.