Arete Wealth Advisors LLC Has $279,000 Holdings in Evolution Petroleum Corporation (NYSE:EPM)

Arete Wealth Advisors LLC boosted its position in shares of Evolution Petroleum Corporation (NYSE:EPM) by 40.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,212 shares of the company’s stock after buying an additional 15,340 shares during the period. Arete Wealth Advisors LLC’s holdings in Evolution Petroleum were worth $279,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Quantinno Capital Management LP lifted its holdings in shares of Evolution Petroleum by 278.3% during the 3rd quarter. Quantinno Capital Management LP now owns 51,000 shares of the company’s stock worth $271,000 after acquiring an additional 37,519 shares during the period. State Street Corp boosted its holdings in shares of Evolution Petroleum by 1.0% in the 3rd quarter. State Street Corp now owns 665,239 shares of the company’s stock valued at $3,532,000 after purchasing an additional 6,675 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Evolution Petroleum in the 3rd quarter valued at $63,000. XTX Topco Ltd bought a new position in shares of Evolution Petroleum in the 3rd quarter valued at $112,000. Finally, Barclays PLC raised its holdings in shares of Evolution Petroleum by 275.4% during the 3rd quarter. Barclays PLC now owns 45,331 shares of the company’s stock worth $242,000 after buying an additional 33,256 shares in the last quarter. 60.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on EPM. Northland Securities decreased their target price on Evolution Petroleum from $7.00 to $6.50 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. StockNews.com lowered shares of Evolution Petroleum from a “hold” rating to a “sell” rating in a report on Friday, February 7th.

Evolution Petroleum Trading Down 6.5 %

NYSE EPM opened at $4.59 on Monday. The company has a market cap of $157.23 million, a price-to-earnings ratio of 91.82 and a beta of 0.51. Evolution Petroleum Corporation has a twelve month low of $4.53 and a twelve month high of $6.16. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.52. The business’s fifty day moving average is $5.12 and its 200 day moving average is $5.34.

Evolution Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 10.46%. The ex-dividend date of this dividend was Friday, March 14th. Evolution Petroleum’s dividend payout ratio (DPR) is currently 960.00%.

Evolution Petroleum 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.