California State Teachers Retirement System boosted its stake in shares of Callon Petroleum Company (NYSE:CPE) by 21.0% during the third quarter, Holdings Channel reports. The institutional investor owned 307,797 shares of the company’s stock after buying an additional 53,500 shares during the period. California State Teachers Retirement System owned approximately 0.23% of Callon Petroleum Company worth $4,832,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in CPE. Meeder Asset Management Inc. increased its position in Callon Petroleum Company by 593.3% in the third quarter. Meeder Asset Management Inc. now owns 7,592 shares of the company’s stock valued at $119,000 after buying an additional 6,497 shares in the last quarter. Sei Investments Co. increased its position in shares of Callon Petroleum Company by 607.0% in the third quarter. Sei Investments Co. now owns 8,321 shares of the company’s stock worth $131,000 after buying an additional 7,144 shares in the last quarter. US Bancorp DE increased its position in shares of Callon Petroleum Company by 40.4% in the second quarter. US Bancorp DE now owns 9,489 shares of the company’s stock worth $107,000 after buying an additional 2,730 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Callon Petroleum Company during the second quarter worth approximately $115,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Callon Petroleum Company by 119.1% in the third quarter. BNP Paribas Arbitrage SA now owns 10,301 shares of the company’s stock worth $162,000 after buying an additional 5,600 shares in the last quarter. 84.27% of the stock is owned by institutional investors.
Callon Petroleum Company (NYSE:CPE) traded down 0.416% during trading on Friday, reaching $15.545. The company had a trading volume of 3,497,755 shares. Callon Petroleum Company has a 12 month low of $5.70 and a 12 month high of $18.53. The firm’s market capitalization is $2.50 billion. The stock has a 50 day moving average price of $15.76 and a 200 day moving average price of $14.48.
Callon Petroleum Company (NYSE:CPE) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. Callon Petroleum Company had a positive return on equity of 4.44% and a negative net margin of 122.93%. The company had revenue of $55.90 million for the quarter, compared to analysts’ expectations of $45.48 million. During the same period last year, the firm earned $0.05 EPS. The firm’s revenue for the quarter was up 63.0% on a year-over-year basis. On average, equities research analysts predict that Callon Petroleum Company will post $0.28 earnings per share for the current year.
A number of equities analysts have recently commented on the company. KLR Group set a $24.00 price objective on Callon Petroleum Company and gave the stock a “buy” rating in a research report on Sunday, December 18th. Deutsche Bank AG began coverage on Callon Petroleum Company in a research note on Monday, November 28th. They set a “buy” rating and a $15.84 target price for the company. Zacks Investment Research cut Callon Petroleum Company from a “buy” rating to a “hold” rating in a research note on Tuesday, October 11th. FBR & Co restated an “outperform” rating and set a $20.00 target price on shares of Callon Petroleum Company in a research note on Wednesday, December 21st. Finally, Mizuho began coverage on Callon Petroleum Company in a research note on Wednesday, October 5th. They set a “neutral” rating and a $16.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $16.95.
About Callon Petroleum Company
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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