Intech Investment Management LLC Invests $68,000 in Evolution Petroleum Corporation (NYSE:EPM)

Intech Investment Management LLC bought a new stake in Evolution Petroleum Corporation (NYSE:EPM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,019 shares of the company’s stock, valued at approximately $68,000.

Other large investors have also added to or reduced their stakes in the company. Register Financial Advisors LLC boosted its holdings in shares of Evolution Petroleum by 0.8% in the 4th quarter. Register Financial Advisors LLC now owns 289,902 shares of the company’s stock worth $1,516,000 after purchasing an additional 2,303 shares in the last quarter. SG Americas Securities LLC boosted its stake in Evolution Petroleum by 25.1% in the fourth quarter. SG Americas Securities LLC now owns 13,223 shares of the company’s stock worth $69,000 after buying an additional 2,650 shares in the last quarter. State Street Corp boosted its stake in Evolution Petroleum by 1.0% in the third quarter. State Street Corp now owns 665,239 shares of the company’s stock worth $3,532,000 after buying an additional 6,675 shares in the last quarter. Arete Wealth Advisors LLC grew its position in Evolution Petroleum by 21.8% during the third quarter. Arete Wealth Advisors LLC now owns 37,872 shares of the company’s stock valued at $202,000 after acquiring an additional 6,771 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Evolution Petroleum during the third quarter worth approximately $63,000. Hedge funds and other institutional investors own 60.07% of the company’s stock.

Wall Street Analysts Forecast Growth

EPM has been the topic of several recent research reports. Northland Securities reduced their target price 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. StockNews.com cut Evolution Petroleum from a “hold” rating to a “sell” rating in a research note on Friday, February 7th.

Evolution Petroleum Stock Performance

NYSE:EPM opened at $5.12 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.64 and a current ratio of 1.64. Evolution Petroleum Corporation has a fifty-two week low of $4.59 and a fifty-two week high of $6.28. The stock has a market capitalization of $175.38 million, a price-to-earnings ratio of 102.42 and a beta of 0.87. The company’s 50 day moving average is $5.18.

Evolution Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 9.38%. The ex-dividend date of this dividend is Friday, March 14th. Evolution Petroleum’s dividend payout ratio (DPR) is presently 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.