WealthTrust Axiom LLC Acquires 166,624 Shares of Evolution Petroleum Corporation, Inc. $EPM

WealthTrust Axiom LLC lifted its holdings in Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) by 9.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,948,657 shares of the energy company’s stock after buying an additional 166,624 shares during the period. Evolution Petroleum makes up about 1.8% of WealthTrust Axiom LLC’s investment portfolio, making the stock its 12th largest position. WealthTrust Axiom LLC owned about 0.06% of Evolution Petroleum worth $6,898,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Barclays PLC lifted its stake in shares of Evolution Petroleum by 10.8% in the 4th quarter. Barclays PLC now owns 52,739 shares of the energy company’s stock worth $187,000 after purchasing an additional 5,121 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Evolution Petroleum by 20.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 13,836 shares of the energy company’s stock worth $49,000 after acquiring an additional 2,340 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Evolution Petroleum in the 4th quarter worth approximately $70,000. Jane Street Group LLC increased its holdings in Evolution Petroleum by 209.5% in the 4th quarter. Jane Street Group LLC now owns 81,956 shares of the energy company’s stock worth $290,000 after acquiring an additional 55,479 shares in the last quarter. Finally, HRT Financial LP purchased a new stake in Evolution Petroleum in the 4th quarter worth approximately $77,000. Institutional investors own 60.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EPM shares. Freedom Capital lowered shares of Evolution Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Northland Securities set a $4.50 target price on shares of Evolution Petroleum in a report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4.93.

Evolution Petroleum Stock Performance

Evolution Petroleum stock opened at $4.16 on Monday. The firm has a 50 day moving average of $4.48 and a 200 day moving average of $4.20. The firm has a market capitalization of $149.22 million, a price-to-earnings ratio of -37.82 and a beta of 0.24. Evolution Petroleum Corporation, Inc. has a 12-month low of $3.19 and a 12-month high of $5.70. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.97.

Evolution Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date of this dividend is Monday, June 15th. Evolution Petroleum’s dividend payout ratio (DPR) is 600.08%.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.