Callon Petroleum (CPE) Stake Increased by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA increased its holdings in Callon Petroleum (NYSE:CPE) by 264.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,277 shares of the oil and natural gas company’s stock after buying an additional 66,255 shares during the period. BNP Paribas Arbitrage SA’s holdings in Callon Petroleum were worth $1,026,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. raised its holdings in Callon Petroleum by 61.0% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,631,425 shares of the oil and natural gas company’s stock valued at $52,057,000 after buying an additional 1,755,125 shares during the period. Victory Capital Management Inc. raised its position in shares of Callon Petroleum by 24.0% during the second quarter. Victory Capital Management Inc. now owns 2,203,067 shares of the oil and natural gas company’s stock worth $23,375,000 after purchasing an additional 425,767 shares during the period. Rhumbline Advisers raised its position in shares of Callon Petroleum by 16.0% during the second quarter. Rhumbline Advisers now owns 250,714 shares of the oil and natural gas company’s stock worth $2,660,000 after purchasing an additional 34,532 shares during the period. Voya Investment Management LLC raised its position in shares of Callon Petroleum by 22.8% during the second quarter. Voya Investment Management LLC now owns 93,670 shares of the oil and natural gas company’s stock worth $994,000 after purchasing an additional 17,410 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of Callon Petroleum by 8.9% during the second quarter. PNC Financial Services Group Inc. now owns 18,990 shares of the oil and natural gas company’s stock worth $202,000 after purchasing an additional 1,555 shares during the period.

Callon Petroleum (NYSE CPE) opened at $10.70 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.84 and a quick ratio of 0.84. Callon Petroleum has a 52 week low of $9.34 and a 52 week high of $18.00. The company has a market capitalization of $2,159.65, a PE ratio of 29.72 and a beta of 1.33.

Callon Petroleum (NYSE:CPE) last issued its earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Callon Petroleum had a net margin of 30.20% and a return on equity of 4.05%. The firm had revenue of $84.60 million during the quarter, compared to analysts’ expectations of $81.98 million. During the same quarter last year, the firm earned $0.09 EPS. The business’s revenue for the quarter was up 51.3% compared to the same quarter last year. equities research analysts forecast that Callon Petroleum will post 0.39 EPS for the current fiscal year.

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 stock a “buy” rating in a research report on Tuesday, October 10th. Jefferies Group 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. Northland Securities reaffirmed a “buy” rating and set a $18.00 target price on shares of Callon Petroleum in a research report on Wednesday, November 1st. Bank of America assumed coverage on Callon Petroleum in a research report on Monday, October 16th. They set a “buy” rating on the stock. Finally, Scotiabank set a $16.00 price target on Callon Petroleum and gave the company a “buy” rating in a report on Saturday, November 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $17.43.

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Callon Petroleum Company 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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