Nuveen LLC Makes New Investment in Evolution Petroleum Corporation $EPM

Nuveen LLC purchased a new position in Evolution Petroleum Corporation (NYSE:EPM) during the 1st quarter, HoldingsChannel reports. The firm purchased 61,211 shares of the company’s stock, valued at approximately $317,000.

Several other institutional investors also recently added to or reduced their stakes in EPM. Barclays PLC increased its position in Evolution Petroleum by 8.8% in the 4th quarter. Barclays PLC now owns 49,309 shares of the company’s stock worth $257,000 after buying an additional 3,978 shares during the period. Dimensional Fund Advisors LP increased its position in Evolution Petroleum by 6.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,510,454 shares of the company’s stock worth $7,899,000 after buying an additional 89,697 shares during the period. MetLife Investment Management LLC increased its position in Evolution Petroleum by 222.6% in the 4th quarter. MetLife Investment Management LLC now owns 19,232 shares of the company’s stock worth $101,000 after buying an additional 13,270 shares during the period. Price T Rowe Associates Inc. MD bought a new position in Evolution Petroleum in the 4th quarter worth approximately $65,000. Finally, Northern Trust Corp increased its position in Evolution Petroleum by 4.8% in the 4th quarter. Northern Trust Corp now owns 319,784 shares of the company’s stock worth $1,672,000 after buying an additional 14,727 shares during the period. 60.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Northland Capmk raised Evolution Petroleum to a “hold” rating in a research report on Tuesday, May 20th. Wall Street Zen raised Evolution Petroleum from a “sell” rating to a “hold” rating in a report on Monday, May 19th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Evolution Petroleum currently has an average rating of “Moderate Buy” and a consensus target price of $6.10.

Evolution Petroleum Stock Performance

EPM opened at $5.07 on Friday. The stock has a market cap of $173.94 million, a PE ratio of 101.42 and a beta of 0.61. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.52. Evolution Petroleum Corporation has a 1 year low of $4.05 and a 1 year high of $6.14. The stock’s 50 day simple moving average is $4.93 and its 200-day simple moving average is $4.77.

Evolution Petroleum Company 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.