13,404 Shares in Evolution Petroleum Corporation (NYSE:EPM) Purchased by Caprock Group LLC

Caprock Group LLC acquired a new stake in shares of Evolution Petroleum Corporation (NYSE:EPM) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,404 shares of the company’s stock, valued at approximately $71,000.

Several other large investors also recently modified their holdings of the stock. Creative Planning bought a new stake in Evolution Petroleum in the third quarter valued at $53,000. SG Americas Securities LLC bought a new stake in shares of Evolution Petroleum in the 3rd quarter worth about $56,000. Exchange Traded Concepts LLC acquired a new stake in shares of Evolution Petroleum during the 3rd quarter worth about $297,000. Finally, CWA Asset Management Group LLC bought a new position in Evolution Petroleum during the 3rd quarter valued at about $1,136,000. 60.07% of the stock is currently owned by institutional investors.

Evolution Petroleum Stock Down 3.9 %

Evolution Petroleum stock opened at $5.86 on Tuesday. The firm has a 50-day simple moving average of $5.50. The company has a market capitalization of $196.90 million, a PE ratio of 43.57 and a beta of 0.82. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.69 and a quick ratio of 1.69. Evolution Petroleum Corporation has a 12-month low of $4.59 and a 12-month high of $6.28.

Evolution Petroleum (NYSE:EPM) last announced its earnings results on Tuesday, September 10th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The company had revenue of $21.23 million for the quarter, compared to analyst estimates of $24.44 million. Evolution Petroleum had a return on equity of 4.65% and a net margin of 5.36%. As a group, sell-side analysts anticipate that Evolution Petroleum Corporation will post 0.28 EPS for the current year.

Evolution Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.12 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.48 dividend on an annualized basis and a yield of 8.19%. Evolution Petroleum’s payout ratio is 342.88%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Northland Capmk raised shares of Evolution Petroleum to a “strong-buy” rating in a research note on Thursday, October 17th. StockNews.com upgraded Evolution Petroleum from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th.

About Evolution Petroleum

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.