Barclays PLC Grows Stake in Evolution Petroleum Corporation (NYSE:EPM)

Barclays PLC raised its stake in Evolution Petroleum Corporation (NYSE:EPM) by 275.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,331 shares of the company’s stock after acquiring an additional 33,256 shares during the quarter. Barclays PLC owned approximately 0.13% of Evolution Petroleum worth $242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPM. State Street Corp lifted 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 valued at $3,532,000 after buying an additional 6,675 shares in the last quarter. Creative Planning bought a new position in Evolution Petroleum in the 3rd quarter worth approximately $53,000. SG Americas Securities LLC bought a new position in Evolution Petroleum in the 3rd quarter worth approximately $56,000. Wellington Management Group LLP bought a new position in Evolution Petroleum in the 3rd quarter worth approximately $63,000. Finally, Caprock Group LLC bought a new position in Evolution Petroleum in the 3rd quarter worth approximately $71,000. 60.07% of the stock is currently owned by hedge funds and other institutional investors.

Evolution Petroleum Price Performance

NYSE EPM opened at $5.31 on Monday. Evolution Petroleum Corporation has a 1 year low of $4.59 and a 1 year high of $6.28. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.50. The stock has a market cap of $178.39 million, a PE ratio of 37.93 and a beta of 0.86. The business has a 50 day moving average price of $5.48.

Evolution Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 9.04%. The ex-dividend date of this dividend was Friday, December 13th. Evolution Petroleum’s dividend payout ratio is presently 342.86%.

Analyst Upgrades and Downgrades

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

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.