Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Callon Petroleum Company (NYSE:CPE) by 36.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,870 shares of the oil and natural gas company’s stock after purchasing an additional 3,997 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Callon Petroleum were worth $158,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Callon Petroleum by 4.3% during 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 purchasing an additional 667,220 shares during the period. FMR LLC grew its holdings in Callon Petroleum by 15.7% during the first quarter. FMR LLC now owns 15,197,267 shares of the oil and natural gas company’s stock valued at $199,996,000 after purchasing an additional 2,067,650 shares during the period. BlackRock Inc. grew its holdings in Callon Petroleum by 96,684.2% during the first quarter. BlackRock Inc. now owns 12,101,893 shares of the oil and natural gas company’s stock valued at $159,259,000 after purchasing an additional 12,089,389 shares during the period. Goldman Sachs Group Inc. grew its holdings in Callon Petroleum by 56.3% during the first quarter. Goldman Sachs Group Inc. now owns 7,333,603 shares of the oil and natural gas company’s stock valued at $96,510,000 after purchasing an additional 2,642,192 shares during the period. Finally, State Street Corp grew its holdings in Callon Petroleum by 30.5% during the first quarter. State Street Corp now owns 7,042,717 shares of the oil and natural gas company’s stock valued at $92,685,000 after purchasing an additional 1,646,656 shares during the period.

Several equities analysts have weighed in on CPE shares. Royal Bank Of Canada set a $20.00 price objective on Callon Petroleum and gave the company a “buy” rating in a report on Saturday, June 3rd. BidaskClub raised Callon Petroleum from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Tudor Pickering started coverage on Callon Petroleum in a report on Tuesday, June 20th. They set a “buy” rating and a $26.00 price objective for the company. Seaport Global Securities lowered Callon Petroleum from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $19.00 to $10.00 in a report on Wednesday, June 21st. Finally, BMO Capital Markets set a $15.00 price objective on Callon Petroleum and gave the company a “buy” rating in a report on Monday, June 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $17.54.

Shares of Callon Petroleum Company (CPE) opened at 11.24 on Friday. The stock has a market cap of $2.27 billion, a P/E ratio of 21.41 and a beta of 1.44. The company has a 50 day moving average price of $10.35 and a 200-day moving average price of $11.30. Callon Petroleum Company has a 12 month low of $9.34 and a 12 month high of $18.53.

Callon Petroleum (NYSE:CPE) last released its earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Callon Petroleum had a net margin of 34.61% and a return on equity of 4.16%. The firm had revenue of $82.30 million for the quarter, compared to analysts’ expectations of $83.89 million. During the same quarter last year, the firm posted ($0.61) EPS. The firm’s quarterly revenue was up 82.5% compared to the same quarter last year. On average, equities research analysts predict that Callon Petroleum Company will post $0.50 earnings per share for the current year.

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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.

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

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