Evolution Petroleum Corporation (NYSE:EPM) Holdings Raised by American Century Companies Inc.

American Century Companies Inc. raised its stake in shares of Evolution Petroleum Corporation (NYSE:EPM) by 31.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 629,696 shares of the company’s stock after buying an additional 149,130 shares during the period. American Century Companies Inc.’s holdings in Evolution Petroleum were worth $3,293,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Wellington Management Group LLP acquired a new stake in Evolution Petroleum during the third quarter valued at $63,000. Intech Investment Management LLC purchased a new stake in shares of Evolution Petroleum during the 4th quarter worth about $68,000. SG Americas Securities LLC raised its stake in shares of Evolution Petroleum by 25.1% during the 4th quarter. SG Americas Securities LLC now owns 13,223 shares of the company’s stock worth $69,000 after purchasing 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 about $112,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Evolution Petroleum in the 4th quarter valued at approximately $113,000. 60.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EPM shares. StockNews.com lowered shares of Evolution Petroleum from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Northland Securities cut their price target 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.

Evolution Petroleum Stock Performance

EPM opened at $4.59 on Monday. 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 company has a market cap of $157.23 million, a PE ratio of 91.82 and a beta of 0.51. The stock has a 50-day moving average of $5.12 and a 200-day moving average of $5.34. Evolution Petroleum Corporation has a 52-week low of $4.53 and a 52-week high of $6.16.

Evolution Petroleum Announces Dividend

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

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.