Proficio Capital Partners LLC Purchases Shares of 21,532 Evolution Petroleum Corporation (NYSE:EPM)

Proficio Capital Partners LLC purchased a new stake in shares of Evolution Petroleum Corporation (NYSE:EPM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 21,532 shares of the company’s stock, valued at approximately $113,000. Proficio Capital Partners LLC owned approximately 0.06% of Evolution Petroleum at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Creative Planning purchased a new position in shares of Evolution Petroleum in the third quarter worth $53,000. Wellington Management Group LLP purchased a new position in shares of Evolution Petroleum in the third quarter worth $63,000. SG Americas Securities LLC lifted 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 worth $69,000 after buying an additional 2,650 shares in the last quarter. Caprock Group LLC purchased a new position in shares of Evolution Petroleum in the third quarter worth $71,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Evolution Petroleum in the third quarter worth $105,000. Hedge funds and other institutional investors own 60.07% of the company’s stock.

Evolution Petroleum Stock Performance

Shares of EPM opened at $5.01 on Thursday. The stock has a fifty day simple moving average of $5.27. Evolution Petroleum Corporation has a fifty-two week low of $4.59 and a fifty-two week high of $6.28. The company has a market capitalization of $171.61 million, a PE ratio of 100.22 and a beta of 0.87. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.64 and a quick ratio of 1.64.

Evolution Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 9.58%. The ex-dividend date is Friday, March 14th. Evolution Petroleum’s dividend payout ratio is presently 960.00%.

Wall Street Analysts Forecast Growth

EPM has been the topic of several research analyst reports. Northland Securities lowered their target price on shares of 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 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.