Virginia Retirement Systems ET AL purchased a new stake in shares of Callon Petroleum Co. (NYSE:CPE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 139,500 shares of the company’s stock, valued at approximately $1,567,000. Virginia Retirement Systems ET AL owned about 0.11% of Callon Petroleum as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Hillcrest Asset Management LLC acquired a new position in Callon Petroleum during the first quarter valued at approximately $10,287,000. Wedge Capital Management L L P NC purchased a new position in Callon Petroleum during the second quarter worth about $12,105,000. Vanguard Group Inc. raised its position in Callon Petroleum by 25.2% in the second quarter. Vanguard Group Inc. now owns 5,273,827 shares of the company’s stock worth $59,224,000 after buying an additional 1,062,889 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in Callon Petroleum during the second quarter worth about $9,237,000. Finally, Emerald Advisers Inc. PA purchased a new position in Callon Petroleum during the second quarter worth about $8,755,000. 83.09% of the stock is owned by institutional investors and hedge funds.
Callon Petroleum Co. (NYSE:CPE) opened at 14.06 on Tuesday. Callon Petroleum Co. has a 12 month low of $4.21 and a 12 month high of $15.91. The stock’s market capitalization is $1.84 billion. The company’s 50-day moving average is $14.31 and its 200-day moving average is $11.53.
Callon Petroleum (NYSE:CPE) last announced its earnings results on Monday, August 8th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of $0.04 by $0.65. The company had revenue of $45.14 million for the quarter, compared to analyst estimates of $47.75 million. Callon Petroleum had a positive return on equity of 3.77% and a negative net margin of 233.91%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.11) earnings per share. Equities analysts anticipate that Callon Petroleum Co. will post $0.26 earnings per share for the current year.
CPE has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Callon Petroleum from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, August 11th. FBR & Co boosted their target price on shares of Callon Petroleum from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, August 10th. KeyCorp boosted their target price on shares of Callon Petroleum from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, August 22nd. KLR Group initiated coverage on shares of Callon Petroleum in a research note on Monday, July 11th. They set a “buy” rating and a $17.00 target price for the company. Finally, Citigroup Inc. initiated coverage on shares of Callon Petroleum in a research note on Wednesday, June 29th. They set a “neutral” rating and a $12.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Callon Petroleum presently has a consensus rating of “Buy” and a consensus target price of $14.96.
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. It focuses on unconventional, onshore, oil and natural gas reserves in the Permian Basin in West Texas and the Midland Basin.
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