Aperio Group LLC lifted its holdings in Callon Petroleum (NYSE:CPE) by 30.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,793 shares of the oil and natural gas company’s stock after purchasing an additional 16,652 shares during the quarter. Aperio Group LLC’s holdings in Callon Petroleum were worth $807,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of CPE. FMR LLC increased its stake in Callon Petroleum by 6.2% during the 2nd quarter. FMR LLC now owns 16,132,114 shares of the oil and natural gas company’s stock worth $171,162,000 after buying an additional 934,847 shares in the last quarter. BlackRock Inc. grew its position in shares of Callon Petroleum by 7.0% in the second quarter. BlackRock Inc. now owns 12,953,769 shares of the oil and natural gas company’s stock valued at $137,439,000 after purchasing an additional 851,876 shares in the last quarter. State Street Corp grew its position in shares of Callon Petroleum by 11.4% in the second quarter. State Street Corp now owns 7,845,502 shares of the oil and natural gas company’s stock valued at $83,244,000 after purchasing an additional 802,785 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Callon Petroleum by 1.3% in the second quarter. Goldman Sachs Group Inc. now owns 7,426,037 shares of the oil and natural gas company’s stock valued at $78,790,000 after purchasing an additional 92,434 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Callon Petroleum by 180.4% in the second quarter. Dimensional Fund Advisors LP now owns 7,185,506 shares of the oil and natural gas company’s stock valued at $76,238,000 after purchasing an additional 4,622,758 shares in the last quarter.
Shares of Callon Petroleum (NYSE:CPE) traded down $0.06 on Thursday, hitting $10.70. 3,645,572 shares of the company’s stock were exchanged, compared to its average volume of 4,974,382. The firm has a market cap of $2,294.88, a price-to-earnings ratio of 31.58 and a beta of 1.33. Callon Petroleum has a 52 week low of $9.34 and a 52 week high of $18.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.84.
Callon Petroleum (NYSE:CPE) last posted its earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). Callon Petroleum had a net margin of 30.20% and a return on equity of 4.05%. The business had revenue of $84.60 million for the quarter, compared to analyst estimates of $81.98 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The business’s revenue was up 51.3% compared to the same quarter last year. equities research analysts anticipate that Callon Petroleum will post 0.39 EPS for the current year.
A number of research analysts recently commented on CPE shares. Northland Securities reiterated a “buy” rating and issued a $18.00 price objective on shares of Callon Petroleum in a report on Wednesday, November 1st. Royal Bank Of Canada set a $16.00 price target on Callon Petroleum and gave the stock a “buy” rating in a research note on Thursday, August 24th. BMO Capital Markets set a $15.00 price target on Callon Petroleum and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Mizuho raised Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Tuesday, November 21st. Finally, Scotiabank set a $16.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a research report on Saturday, November 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.43.
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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.
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