WealthTrust Axiom LLC Grows Holdings in Evolution Petroleum Corporation, Inc. $EPM

WealthTrust Axiom LLC lifted its holdings in Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,948,657 shares of the energy company’s stock after buying an additional 166,624 shares during the quarter. Evolution Petroleum makes up about 1.8% of WealthTrust Axiom LLC’s holdings, making the stock its 12th biggest holding. WealthTrust Axiom LLC owned 5.57% of Evolution Petroleum worth $6,898,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EPM. Comerica Bank grew its position in shares of Evolution Petroleum by 894.0% in the 3rd quarter. Comerica Bank now owns 6,908 shares of the energy company’s stock worth $33,000 after buying an additional 6,213 shares during the period. StoneX Group Inc. purchased a new stake in shares of Evolution Petroleum in the 4th quarter worth about $36,000. Inscription Capital LLC purchased a new stake in shares of Evolution Petroleum in the 4th quarter worth about $38,000. BNP Paribas Financial Markets grew its position in shares of Evolution Petroleum by 163.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,194 shares of the energy company’s stock worth $39,000 after buying an additional 5,083 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Evolution Petroleum by 20.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 13,836 shares of the energy company’s stock worth $49,000 after purchasing an additional 2,340 shares in the last quarter. 60.07% of the stock is owned by hedge funds and other institutional investors.

Evolution Petroleum Stock Performance

Shares of Evolution Petroleum stock opened at $4.16 on Monday. The stock has a market cap of $149.22 million, a price-to-earnings ratio of -37.82 and a beta of 0.24. The firm’s 50-day moving average is $4.48 and its 200 day moving average is $4.20. Evolution Petroleum Corporation, Inc. has a 1 year low of $3.19 and a 1 year high of $5.70. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.61 and a quick ratio of 0.61.

Evolution Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.12 per share. The ex-dividend date is Monday, June 15th. This represents a $0.48 annualized dividend and a yield of 11.5%. Evolution Petroleum’s dividend payout ratio is currently 600.08%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EPM. Northland Securities set a $4.50 price target on shares of Evolution Petroleum in a research note on Wednesday, May 13th. Freedom Capital cut shares of Evolution Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Evolution Petroleum has a consensus rating of “Hold” and a consensus price target of $4.93.

Evolution Petroleum Company Profile

Evolution Petroleum Corporation (NYSE American: EPM) is an independent oil and natural gas company focused on enhanced oil recovery (EOR) through the use of carbon dioxide. Headquartered in Houston, Texas, the company specializes in acquiring and developing mature hydrocarbon reservoirs that benefit from CO₂ injection to increase production efficiency. Evolution Petroleum’s business model combines property acquisition, reservoir engineering, and CO₂ management to optimize recovery of oil and associated gas.

The company’s primary asset is the Jackson Dome CO₂ field in southwestern Mississippi, where natural carbon dioxide is produced, separated and reinjected into adjacent oil-bearing formations.