Barclays PLC Boosts Stake in Evolution Petroleum Corporation (NYSE:EPM)

Barclays PLC grew its stake in shares of Evolution Petroleum Corporation (NYSE:EPM) by 275.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 45,331 shares of the company’s stock after buying an additional 33,256 shares during the period. Barclays PLC’s holdings in Evolution Petroleum were worth $242,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in EPM. State Street Corp raised its position in Evolution Petroleum by 1.0% in the 3rd quarter. State Street Corp now owns 665,239 shares of the company’s stock worth $3,532,000 after purchasing an additional 6,675 shares during the period. CWA Asset Management Group LLC purchased a new position in Evolution Petroleum in the 3rd quarter worth $1,136,000. Exchange Traded Concepts LLC purchased a new position in Evolution Petroleum in the 3rd quarter worth $297,000. Quantinno Capital Management LP raised its position in Evolution Petroleum by 278.3% in the 3rd quarter. Quantinno Capital Management LP now owns 51,000 shares of the company’s stock worth $271,000 after purchasing an additional 37,519 shares during the period. Finally, XTX Topco Ltd purchased a new position in Evolution Petroleum in the 3rd quarter worth $112,000. Hedge funds and other institutional investors own 60.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on EPM. Northland Capmk upgraded shares of Evolution Petroleum to a “strong-buy” rating in a research report on Thursday, October 17th. StockNews.com raised shares of Evolution Petroleum from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th.

Evolution Petroleum Stock Up 0.6 %

Shares of Evolution Petroleum stock opened at $5.31 on Monday. The company has a market cap of $178.39 million, a price-to-earnings ratio of 37.93 and a beta of 0.86. Evolution Petroleum Corporation has a 12-month low of $4.59 and a 12-month high of $6.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a fifty day moving average price of $5.48.

Evolution Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 9.04%. The ex-dividend date of this dividend was Friday, December 13th. Evolution Petroleum’s dividend payout ratio (DPR) is presently 342.86%.

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.