Evolution Petroleum Corporation (NYSE:EPM) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in Evolution Petroleum Corporation (NYSE:EPM) by 31.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 629,696 shares of the company’s stock after acquiring an additional 149,130 shares during the quarter. American Century Companies Inc. owned about 1.87% of Evolution Petroleum worth $3,293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of EPM. Wellington Management Group LLP bought a new stake in shares of Evolution Petroleum in the 3rd quarter worth approximately $63,000. Intech Investment Management LLC acquired a new position in Evolution Petroleum in the fourth quarter worth approximately $68,000. SG Americas Securities LLC increased its holdings in shares of Evolution Petroleum by 25.1% in the fourth quarter. SG Americas Securities LLC now owns 13,223 shares of the company’s stock valued at $69,000 after buying an additional 2,650 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Evolution Petroleum during the 3rd quarter valued at $112,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Evolution Petroleum during the 4th quarter worth $113,000. 60.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EPM has been the topic of a number of recent analyst reports. Northland Securities cut their target price on Evolution Petroleum from $7.00 to $6.50 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. StockNews.com downgraded Evolution Petroleum from a “hold” rating to a “sell” rating in a report on Friday, February 7th.

Evolution Petroleum Trading Down 6.5 %

Evolution Petroleum stock opened at $4.59 on Monday. Evolution Petroleum Corporation has a 52 week low of $4.53 and a 52 week high of $6.16. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market capitalization of $157.23 million, a price-to-earnings ratio of 91.82 and a beta of 0.51. The company has a 50 day moving average price of $5.12 and a 200 day moving average price of $5.34.

Evolution Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 10.46%. Evolution Petroleum’s dividend payout ratio is 960.00%.

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.