UBS Group AG cut its stake in shares of Callon Petroleum Company (NYSE:CPE) by 10.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,544 shares of the oil and natural gas company’s stock after selling 15,203 shares during the period. UBS Group AG owned about 0.07% of Callon Petroleum worth $1,797,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CPE. Wellington Management Group LLP raised 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 valued at $277,902,000 after buying an additional 4,749,928 shares during the period. Vanguard Group Inc. raised 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 valued at $212,642,000 after buying an additional 667,220 shares during the period. FMR LLC raised its position in shares of 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. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Callon Petroleum by 40.4% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,689,233 shares of the oil and natural gas company’s stock worth $74,870,000 after buying an additional 1,637,007 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Callon Petroleum by 67.1% in the first quarter. Teachers Advisors LLC now owns 3,245,820 shares of the oil and natural gas company’s stock worth $42,715,000 after buying an additional 1,302,798 shares during the last quarter.

Callon Petroleum Company (CPE) traded down 2.36% on Monday, reaching $10.33. The company had a trading volume of 4,231,774 shares. Callon Petroleum Company has a 12 month low of $9.63 and a 12 month high of $18.53. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 19.68 and a beta of 1.44. The firm has a 50 day moving average price of $10.70 and a 200-day moving average price of $12.29.

Callon Petroleum (NYSE:CPE) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The business had revenue of $82.30 million during the quarter, compared to the consensus estimate of $83.89 million. Callon Petroleum had a net margin of 34.61% and a return on equity of 4.16%. Callon Petroleum’s revenue was up 82.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.61) EPS. Analysts forecast that Callon Petroleum Company will post $0.55 earnings per share for the current fiscal year.

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A number of equities analysts have issued reports on the company. BidaskClub lowered Callon Petroleum from a “sell” rating to a “strong sell” rating in a research report on Saturday. Zacks Investment Research upgraded Callon Petroleum from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Citigroup Inc. lowered their price target on Callon Petroleum from $15.00 to $14.00 and set a “buy” rating for the company in a report on Friday, July 21st. Northland Securities set a $18.00 price target on Callon Petroleum and gave the company a “buy” rating in a report on Monday, July 17th. Finally, Barclays PLC restated a “buy” rating and set a $14.00 price objective on shares of Callon Petroleum in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the company. Callon Petroleum presently has a consensus rating of “Buy” and a consensus price target of $17.73.

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. 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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