Dana Investment Advisors Inc. raised its holdings in shares of Callon Petroleum Company (NYSE:CPE) by 4.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 159,391 shares of the oil and natural gas company’s stock after acquiring an additional 6,249 shares during the period. Dana Investment Advisors Inc. owned approximately 0.08% of Callon Petroleum worth $1,691,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Callon Petroleum by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 16,158,249 shares of the oil and natural gas company’s stock valued at $212,642,000 after acquiring an additional 667,220 shares during the last quarter. FMR LLC raised its position in shares of Callon Petroleum by 6.2% during the 2nd quarter. FMR LLC now owns 16,132,114 shares of the oil and natural gas company’s stock valued at $171,162,000 after acquiring an additional 934,847 shares during the last quarter. BlackRock Inc. raised its position in shares of Callon Petroleum by 7.0% during the 2nd quarter. BlackRock Inc. now owns 12,953,769 shares of the oil and natural gas company’s stock valued at $137,439,000 after acquiring an additional 851,876 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Callon Petroleum by 1.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 7,426,037 shares of the oil and natural gas company’s stock valued at $78,790,000 after acquiring an additional 92,434 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Callon Petroleum by 180.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,185,506 shares of the oil and natural gas company’s stock valued at $76,238,000 after acquiring an additional 4,622,758 shares during the last quarter.
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Shares of Callon Petroleum Company (CPE) traded down 2.67% during trading on Friday, reaching $10.94. 3,928,065 shares of the company were exchanged. Callon Petroleum Company has a 52-week low of $9.34 and a 52-week high of $18.53. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 20.84 and a beta of 1.43. The stock’s 50-day moving average is $10.66 and its 200-day moving average is $11.25.
Callon Petroleum (NYSE:CPE) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The business had revenue of $82.30 million for the quarter, compared to analyst estimates of $83.89 million. Callon Petroleum had a net margin of 34.61% and a return on equity of 4.16%. The firm’s quarterly revenue was up 82.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.61) earnings per share. Equities research analysts predict that Callon Petroleum Company will post $0.48 earnings per share for the current fiscal year.
CPE has been the subject of several recent research reports. Citigroup Inc. dropped their target price on shares of Callon Petroleum from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, July 21st. BMO Capital Markets reissued a “buy” rating and issued a $15.00 price target on shares of Callon Petroleum in a report on Wednesday, September 6th. Royal Bank Of Canada set a $16.00 price target on shares of Callon Petroleum and gave the company a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research lowered shares of Callon Petroleum from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Finally, Northland Securities set a $18.00 price target on shares of Callon Petroleum and gave the company a “buy” rating in a report on Monday, August 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $17.57.
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.
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