SG Americas Securities LLC Purchases 2,650 Shares of Evolution Petroleum Corporation (NYSE:EPM)

SG Americas Securities LLC grew its position in Evolution Petroleum Corporation (NYSE:EPM) by 25.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,223 shares of the company’s stock after acquiring an additional 2,650 shares during the period. SG Americas Securities LLC’s holdings in Evolution Petroleum were worth $69,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EPM. Creative Planning acquired a new stake in shares of Evolution Petroleum in the third quarter valued at approximately $53,000. Wellington Management Group LLP acquired a new stake in shares of Evolution Petroleum in the third quarter valued at approximately $63,000. Caprock Group LLC acquired a new stake in shares of Evolution Petroleum in the third quarter valued at approximately $71,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Evolution Petroleum in the third quarter valued at approximately $105,000. Finally, XTX Topco Ltd acquired a new stake in shares of Evolution Petroleum in the third quarter valued at approximately $112,000. Institutional investors own 60.07% of the company’s stock.

Evolution Petroleum Stock Performance

EPM opened at $5.26 on Friday. The stock’s fifty day simple moving average is $5.35. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.50. 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 $176.74 million, a price-to-earnings ratio of 37.57 and a beta of 0.87.

Evolution Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 9.13%. The ex-dividend date of this dividend is Friday, March 14th. Evolution Petroleum’s dividend payout ratio is presently 342.88%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Northland Capmk raised shares of Evolution Petroleum to a “strong-buy” rating in a report on Thursday, October 17th. Northland Securities lowered their price target on shares of Evolution Petroleum from $7.00 to $6.50 and set an “outperform” rating for the company in a report on Thursday, February 6th. Finally, StockNews.com lowered shares of Evolution Petroleum from a “hold” rating to a “sell” rating in a report on Friday, February 7th.

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.