State Street Corp Acquires 6,675 Shares of Evolution Petroleum Corporation (NYSE:EPM)

State Street Corp lifted its holdings in shares of Evolution Petroleum Corporation (NYSE:EPM) by 1.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 665,239 shares of the company’s stock after acquiring an additional 6,675 shares during the period. State Street Corp owned approximately 1.98% of Evolution Petroleum worth $3,532,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Creative Planning acquired a new position in Evolution Petroleum during the third quarter worth $53,000. SG Americas Securities LLC acquired a new stake in shares of Evolution Petroleum during the 3rd quarter worth about $56,000. Caprock Group LLC bought a new position in Evolution Petroleum during the 3rd quarter valued at about $71,000. Dynamic Technology Lab Private Ltd bought a new stake in Evolution Petroleum during the third quarter worth about $105,000. Finally, Quantinno Capital Management LP increased its holdings 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 worth $271,000 after buying an additional 37,519 shares in the last quarter. 60.07% of the stock is currently owned by institutional investors and hedge funds.

Evolution Petroleum Stock Performance

NYSE EPM opened at $5.12 on Tuesday. 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 Corporation has a 52 week low of $4.59 and a 52 week high of $6.28. The firm has a market cap of $172.01 million, a PE ratio of 36.57 and a beta of 0.86. The company has a fifty day moving average price of $5.47.

Evolution Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, December 13th. This represents a $0.48 dividend on an annualized basis and a yield of 9.38%. Evolution Petroleum’s payout ratio is presently 342.86%.

Analyst Upgrades and Downgrades

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

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.