Marshall Wace North America L.P. Invests $21.52 Million in Callon Petroleum Company (CPE)

Marshall Wace North America L.P. acquired a new position in shares of Callon Petroleum Company (NYSE:CPE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,655,675 shares of the oil and natural gas company’s stock, valued at approximately $21,524,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FMR LLC raised its position in shares of Callon Petroleum Company by 29.1% in the fourth quarter. FMR LLC now owns 13,129,617 shares of the oil and natural gas company’s stock worth $201,803,000 after buying an additional 2,958,600 shares during the last quarter. Federated Investors Inc. PA raised its position in shares of Callon Petroleum Company by 20.9% in the fourth quarter. Federated Investors Inc. PA now owns 272,000 shares of the oil and natural gas company’s stock worth $4,181,000 after buying an additional 47,000 shares during the last quarter. Nicholas Investment Partners LP purchased a new position in shares of Callon Petroleum Company during the fourth quarter worth $4,885,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Callon Petroleum Company by 165.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,087 shares of the oil and natural gas company’s stock worth $616,000 after buying an additional 24,987 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Callon Petroleum Company by 99.8% in the fourth quarter. Van ECK Associates Corp now owns 3,580,100 shares of the oil and natural gas company’s stock worth $55,026,000 after buying an additional 1,788,300 shares during the last quarter. Institutional investors own 89.06% of the company’s stock.

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

Shares of Callon Petroleum Company (NYSE:CPE) traded up 7.16% during mid-day trading on Friday, reaching $11.08. 6,250,842 shares of the company traded hands. The stock’s market capitalization is $2.23 billion. The company’s 50 day moving average is $11.90 and its 200 day moving average is $13.73. Callon Petroleum Company has a 52-week low of $10.29 and a 52-week high of $18.53.

Callon Petroleum Company (NYSE:CPE) last released its earnings results on Tuesday, May 2nd. The oil and natural gas company reported $0.10 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. Callon Petroleum Company had a positive return on equity of 4.44% and a negative net margin of 122.93%. The firm had revenue of $81.36 million for the quarter, compared to the consensus estimate of $80.22 million. On average, equities analysts forecast that Callon Petroleum Company will post $0.61 earnings per share for the current year.

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A number of research analysts have weighed in on the company. Roth Capital set a $23.00 price objective on Callon Petroleum Company and gave the company a “buy” rating in a report on Wednesday, February 22nd. Scotiabank set a $18.00 price objective on Callon Petroleum Company and gave the company a “buy” rating in a report on Tuesday, February 28th. Canaccord Genuity restated a “buy” rating and issued a $22.00 price objective on shares of Callon Petroleum Company in a report on Tuesday, February 28th. EuroPacific Canada upgraded Callon Petroleum Company from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Thursday, April 13th. Finally, Eurobank EFG upgraded Callon Petroleum Company from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Thursday, April 13th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.05.

Callon Petroleum Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CPE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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