Evolution Petroleum Co. (NYSEAMERICAN:EPM) Shares Bought by Raymond James & Associates

Raymond James & Associates grew its holdings in Evolution Petroleum Co. (NYSEAMERICAN:EPM) by 39.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,250 shares of the energy company’s stock after buying an additional 12,971 shares during the period. Raymond James & Associates owned 0.14% of Evolution Petroleum worth $269,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of EPM. Janney Montgomery Scott LLC purchased a new stake in Evolution Petroleum in the 3rd quarter valued at $294,000. Exchange Traded Concepts LLC purchased a new stake in shares of Evolution Petroleum in the fourth quarter valued at about $377,000. Alps Advisors Inc. acquired a new stake in Evolution Petroleum during the third quarter worth about $257,000. Foundry Partners LLC raised its stake in Evolution Petroleum by 25.5% during the third quarter. Foundry Partners LLC now owns 510,862 shares of the energy company’s stock worth $3,494,000 after purchasing an additional 103,829 shares during the period. Finally, North Star Investment Management Corp. boosted its holdings in Evolution Petroleum by 15.4% in the 4th quarter. North Star Investment Management Corp. now owns 706,264 shares of the energy company’s stock valued at $4,103,000 after purchasing an additional 94,133 shares during the last quarter. 60.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EPM shares. Roth Mkm restated a “buy” rating and set a $8.25 price target on shares of Evolution Petroleum in a report on Thursday, April 4th. TheStreet lowered Evolution Petroleum from a “b” rating to a “c+” rating in a research note on Wednesday, February 7th.

Evolution Petroleum Stock Up 1.4 %

EPM opened at $5.87 on Tuesday. The firm has a market cap of $196.41 million, a P/E ratio of 12.23 and a beta of 0.89. Evolution Petroleum Co. has a 12 month low of $5.00 and a 12 month high of $10.11.

Evolution Petroleum (NYSEAMERICAN:EPM) last released its earnings results on Tuesday, February 6th. The energy company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07). Evolution Petroleum had a return on equity of 18.44% and a net margin of 17.25%. The firm had revenue of $21.02 million for the quarter, compared to analysts’ expectations of $23.67 million. As a group, research analysts forecast that Evolution Petroleum Co. will post 0.19 EPS for the current fiscal year.

Evolution Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 8.18%. The ex-dividend date of this dividend was Thursday, March 14th. Evolution Petroleum’s dividend payout ratio (DPR) is 100.00%.

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 interests in a CO2 enhanced oil recovery project in Louisiana's Delhi field. Its Delhi Holt-Bryant Unit covers an area of approximately 13,636 acres located in Northeast Louisiana.