282,496 Shares in Evolution Petroleum Corporation (NYSE:EPM) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of Evolution Petroleum Corporation (NYSE:EPM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 282,496 shares of the company’s stock, valued at approximately $1,477,000. Raymond James Financial Inc. owned about 0.84% of Evolution Petroleum at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in shares of Evolution Petroleum during the 4th quarter valued at $113,000. Victory Capital Management Inc. increased its stake in Evolution Petroleum by 166.4% in the fourth quarter. Victory Capital Management Inc. now owns 33,451 shares of the company’s stock valued at $175,000 after acquiring an additional 20,894 shares during the last quarter. SG Americas Securities LLC raised its position in Evolution Petroleum by 25.1% during the fourth quarter. SG Americas Securities LLC now owns 13,223 shares of the company’s stock valued at $69,000 after purchasing an additional 2,650 shares in the last quarter. XTX Topco Ltd bought a new stake in Evolution Petroleum during the third quarter worth about $112,000. Finally, Barclays PLC boosted its holdings in shares of Evolution Petroleum by 275.4% in the 3rd quarter. Barclays PLC now owns 45,331 shares of the company’s stock worth $242,000 after purchasing an additional 33,256 shares in the last quarter. Hedge funds and other institutional investors own 60.07% of the company’s stock.

Evolution Petroleum Stock Performance

NYSE EPM opened at $5.12 on Wednesday. The company has a 50-day simple moving average of $5.16 and a two-hundred day simple moving average of $5.36. Evolution Petroleum Corporation has a 12-month low of $4.59 and a 12-month high of $6.28. The firm has a market cap of $175.38 million, a price-to-earnings ratio of 102.42 and a beta of 0.87. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.52.

Evolution Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 9.38%. The ex-dividend date was Friday, March 14th. Evolution Petroleum’s dividend payout ratio is presently 960.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Northland Securities decreased their price objective on Evolution Petroleum from $7.00 to $6.50 and set an “outperform” rating on the stock in a report on Thursday, February 6th. StockNews.com downgraded shares of Evolution Petroleum from a “hold” rating to a “sell” rating in a research note on Friday, February 7th.

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.