Russell Investments Group Ltd. Sells 91,392 Shares of Evolution Petroleum Corporation (NYSE:EPM)

Russell Investments Group Ltd. decreased its position in shares of Evolution Petroleum Corporation (NYSE:EPM) by 14.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 546,878 shares of the company’s stock after selling 91,392 shares during the quarter. Russell Investments Group Ltd.’s holdings in Evolution Petroleum were worth $2,860,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp grew 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 buying an additional 6,675 shares during the period. Wellington Management Group LLP bought a new stake in shares of Evolution Petroleum in the third quarter worth about $63,000. XTX Topco Ltd acquired a new stake in shares of Evolution Petroleum during the third quarter worth about $112,000. Barclays PLC lifted 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 valued at $242,000 after purchasing an additional 33,256 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its position in shares of Evolution Petroleum by 9.7% in the 4th quarter. CWA Asset Management Group LLC now owns 234,562 shares of the company’s stock valued at $1,227,000 after purchasing an additional 20,692 shares during the period. Institutional investors and hedge funds own 60.07% of the company’s stock.

Wall Street Analyst Weigh In

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

Evolution Petroleum Price Performance

NYSE EPM opened at $4.32 on Friday. The firm’s 50 day moving average is $4.89 and its 200-day moving average is $5.26. 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 company has a market capitalization of $147.98 million, a PE ratio of 86.42 and a beta of 0.51. Evolution Petroleum Corporation has a 12-month low of $4.10 and a 12-month high of $6.14.

Evolution Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 11.11%. Evolution Petroleum’s dividend payout ratio is 960.00%.

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.