State Street Corp Has $3.53 Million Holdings in Evolution Petroleum Corporation (NYSE:EPM)

State Street Corp raised its stake in Evolution Petroleum Corporation (NYSE:EPM) by 1.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 665,239 shares of the company’s stock after buying an additional 6,675 shares during the period. State Street Corp’s holdings in Evolution Petroleum were worth $3,532,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of Evolution Petroleum in the 3rd quarter valued at $56,000. Exchange Traded Concepts LLC acquired a new position in Evolution Petroleum in the third quarter valued at about $297,000. Creative Planning bought a new stake in shares of Evolution Petroleum in the third quarter worth about $53,000. CWA Asset Management Group LLC acquired a new stake in shares of Evolution Petroleum during the third quarter worth about $1,136,000. Finally, Caprock Group LLC bought a new position in shares of Evolution Petroleum during the 3rd quarter valued at about $71,000. 60.07% of the stock is currently owned by institutional investors and hedge funds.

Evolution Petroleum Price Performance

EPM opened at $5.12 on Tuesday. The firm has a 50-day moving average price of $5.47. Evolution Petroleum Corporation has a 1 year low of $4.59 and a 1 year high of $6.28. The firm has a market cap of $172.01 million, a P/E ratio of 36.57 and a beta of 0.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.69 and a quick ratio of 1.69.

Evolution Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 9.38%. The ex-dividend date is Friday, December 13th. Evolution Petroleum’s dividend payout ratio is 342.86%.

Analysts Set New Price Targets

Several brokerages have commented on EPM. 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 report 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.