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

Arete Wealth Advisors LLC lifted its stake in Evolution Petroleum Corporation (NYSE:EPM) by 40.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,212 shares of the company’s stock after acquiring an additional 15,340 shares during the quarter. Arete Wealth Advisors LLC owned approximately 0.16% of Evolution Petroleum worth $279,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of EPM. Geode Capital Management LLC increased its position in shares of Evolution Petroleum by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 712,521 shares of the company’s stock worth $3,728,000 after purchasing an additional 2,657 shares during the last quarter. State Street Corp increased its holdings in Evolution Petroleum by 1.0% during 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 during the last quarter. American Century Companies Inc. raised its position in Evolution Petroleum by 31.0% during the fourth quarter. American Century Companies Inc. now owns 629,696 shares of the company’s stock worth $3,293,000 after acquiring an additional 149,130 shares in the last quarter. Register Financial Advisors LLC lifted its stake in Evolution Petroleum by 0.8% in the fourth quarter. Register Financial Advisors LLC now owns 289,902 shares of the company’s stock valued at $1,516,000 after acquiring an additional 2,303 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Evolution Petroleum in the 4th quarter valued at about $1,477,000. Institutional investors own 60.07% of the company’s stock.

Analysts Set New Price Targets

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

Evolution Petroleum Stock Performance

NYSE EPM opened at $4.59 on Monday. Evolution Petroleum Corporation has a 52-week low of $4.53 and a 52-week high of $6.16. The stock has a market cap of $157.23 million, a PE ratio of 91.82 and a beta of 0.51. The firm has a 50-day moving average of $5.12 and a 200-day moving average of $5.34. 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 Dividend Announcement

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

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.