Barclays PLC Buys 33,256 Shares of Evolution Petroleum Corporation (NYSE:EPM)

Barclays PLC grew its stake in shares of Evolution Petroleum Corporation (NYSE:EPM) by 275.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,331 shares of the company’s stock after acquiring an additional 33,256 shares during the period. Barclays PLC owned about 0.13% of Evolution Petroleum worth $242,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Creative Planning bought a new stake in Evolution Petroleum during the 3rd quarter valued at $53,000. CWA Asset Management Group LLC purchased a new position in shares of Evolution Petroleum during the third quarter valued at $1,136,000. Exchange Traded Concepts LLC bought a new stake in shares of Evolution Petroleum in the third quarter valued at about $297,000. XTX Topco Ltd purchased a new stake in Evolution Petroleum in the third quarter worth about $112,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Evolution Petroleum during the 3rd quarter worth about $105,000. Hedge funds and other institutional investors own 60.07% of the company’s stock.

Evolution Petroleum Price Performance

Shares of NYSE EPM opened at $5.59 on Tuesday. The stock’s fifty day moving average is $5.50. 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 $187.82 million, a PE ratio of 39.93 and a beta of 0.87.

Evolution Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.59%. The ex-dividend date of this dividend was Friday, December 13th. Evolution Petroleum’s dividend payout ratio is currently 342.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Northland Capmk upgraded 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 research note on Wednesday, November 27th.

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.