Callon Petroleum Company (CPE) Position Decreased by AQR Capital Management LLC

AQR Capital Management LLC reduced its position in Callon Petroleum Company (NYSE:CPE) by 29.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 201,951 shares of the oil and natural gas company’s stock after selling 82,525 shares during the period. AQR Capital Management LLC owned 0.10% of Callon Petroleum worth $2,658,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP increased its position in Callon Petroleum by 29.0% in the first quarter. Wellington Management Group LLP now owns 21,117,124 shares of the oil and natural gas company’s stock worth $277,902,000 after buying an additional 4,749,928 shares during the last quarter. Vanguard Group Inc. increased its position in Callon Petroleum by 4.3% in the first quarter. Vanguard Group Inc. now owns 16,158,249 shares of the oil and natural gas company’s stock worth $212,642,000 after buying an additional 667,220 shares during the last quarter. FMR LLC increased its position in Callon Petroleum by 15.7% in the first quarter. FMR LLC now owns 15,197,267 shares of the oil and natural gas company’s stock worth $199,996,000 after buying an additional 2,067,650 shares during the last quarter. BlackRock Inc. increased its position in Callon Petroleum by 96,684.2% in the first quarter. BlackRock Inc. now owns 12,101,893 shares of the oil and natural gas company’s stock worth $159,259,000 after buying an additional 12,089,389 shares during the last quarter. Finally, State Street Corp increased its position in Callon Petroleum by 30.5% in the first quarter. State Street Corp now owns 7,042,717 shares of the oil and natural gas company’s stock worth $92,685,000 after buying an additional 1,646,656 shares during the last quarter.

Callon Petroleum Company (NYSE:CPE) opened at 10.42 on Friday. Callon Petroleum Company has a 52 week low of $9.63 and a 52 week high of $18.53. The stock has a 50 day moving average of $10.74 and a 200 day moving average of $12.08. The firm has a market cap of $2.10 billion, a PE ratio of 19.85 and a beta of 1.44.

Callon Petroleum (NYSE:CPE) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The company had revenue of $82.30 million for the quarter, compared to analyst estimates of $83.89 million. Callon Petroleum had a return on equity of 4.16% and a net margin of 34.61%. The firm’s quarterly revenue was up 82.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.61) EPS. Analysts anticipate that Callon Petroleum Company will post $0.53 EPS for the current year.

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A number of research analysts have recently issued reports on CPE shares. Seaport Global Securities downgraded shares of Callon Petroleum from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $19.00 to $10.00 in a research report on Wednesday, June 21st. Citigroup Inc. reduced their price target on shares of Callon Petroleum from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Royal Bank Of Canada set a $20.00 price target on shares of Callon Petroleum and gave the stock a “buy” rating in a research report on Tuesday, April 25th. BMO Capital Markets set a $16.00 price target on shares of Callon Petroleum and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Finally, Zacks Investment Research cut shares of Callon Petroleum from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $17.79.

About Callon Petroleum

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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