Callon Petroleum Company (CPE) Stake Lifted by California Public Employees Retirement System

California Public Employees Retirement System increased its holdings in shares of Callon Petroleum Company (NYSE:CPE) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 627,900 shares of the oil and natural gas company’s stock after buying an additional 13,600 shares during the period. California Public Employees Retirement System owned about 0.31% of Callon Petroleum worth $6,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. ETRADE Capital Management LLC lifted its position in shares of Callon Petroleum by 0.6% during the 2nd quarter. ETRADE Capital Management LLC now owns 42,015 shares of the oil and natural gas company’s stock valued at $446,000 after buying an additional 239 shares in the last quarter. Hodges Capital Management Inc. lifted its position in shares of Callon Petroleum by 0.5% during the 2nd quarter. Hodges Capital Management Inc. now owns 61,300 shares of the oil and natural gas company’s stock valued at $650,000 after buying an additional 300 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Callon Petroleum by 2.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 16,367 shares of the oil and natural gas company’s stock valued at $174,000 after buying an additional 317 shares in the last quarter. United Capital Financial Advisers LLC lifted its position in shares of Callon Petroleum by 0.5% during the 1st quarter. United Capital Financial Advisers LLC now owns 75,065 shares of the oil and natural gas company’s stock valued at $988,000 after buying an additional 380 shares in the last quarter. Finally, Blair William & Co. IL lifted its position in shares of Callon Petroleum by 2.6% during the 2nd quarter. Blair William & Co. IL now owns 26,138 shares of the oil and natural gas company’s stock valued at $277,000 after buying an additional 670 shares in the last quarter.

A number of brokerages have recently issued reports on CPE. BMO Capital Markets set a $15.00 target price on Callon Petroleum and gave the company a “buy” rating in a research report on Tuesday. Jefferies Group LLC began coverage on Callon Petroleum in a research report on Monday, October 9th. They set a “buy” rating and a $16.00 target price on the stock. Royal Bank Of Canada set a $16.00 target price on Callon Petroleum and gave the company a “buy” rating in a research report on Thursday, August 24th. Northland Securities set a $18.00 target price on Callon Petroleum and gave the company a “buy” rating in a research report on Monday, August 21st. Finally, Imperial Capital began coverage on Callon Petroleum in a research report on Tuesday, August 15th. They set an “outperform” rating and a $16.00 target price on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.50.

Shares of Callon Petroleum Company (NYSE:CPE) opened at 10.97 on Friday. Callon Petroleum Company has a 52 week low of $9.34 and a 52 week high of $18.53. The firm has a 50 day moving average price of $10.78 and a 200-day moving average price of $11.23. The firm has a market capitalization of $2.21 billion, a P/E ratio of 20.90 and a beta of 1.43.

Callon Petroleum (NYSE:CPE) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). Callon Petroleum had a net margin of 34.61% and a return on equity of 4.16%. The company had revenue of $82.30 million during the quarter, compared to analysts’ expectations of $83.89 million. During the same quarter in the prior year, the company earned ($0.61) earnings per share. The firm’s revenue was up 82.5% compared to the same quarter last year. Equities research analysts predict that Callon Petroleum Company will post $0.48 EPS for the current fiscal year.

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Callon Petroleum Profile

Callon Petroleum Company is an independent oil and natural gas company. The Company is engaged in the exploration, development, acquisition and production of oil and natural gas properties. The Company focuses on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin.

Institutional Ownership by Quarter for Callon Petroleum (NYSE:CPE)

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