25,000 Shares in Callon Petroleum Company (CPE) Acquired by Laurion Capital Management LP
Laurion Capital Management LP bought a new stake in Callon Petroleum Company (NYSE:CPE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 25,000 shares of the oil and natural gas company’s stock, valued at approximately $265,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPE. Vanguard Group Inc. boosted its stake in shares of 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 acquiring an additional 667,220 shares during the last quarter. FMR LLC raised its stake in Callon Petroleum by 15.7% in the 1st 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 last quarter. BlackRock Inc. raised its stake in Callon Petroleum by 7.0% in 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 purchasing an additional 851,876 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Callon Petroleum by 56.3% in the 1st 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 last quarter. Finally, State Street Corp raised its stake in Callon Petroleum by 30.5% in the 1st 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 last quarter.
Shares of Callon Petroleum Company (NYSE CPE) opened at 11.41 on Tuesday. Callon Petroleum Company has a 1-year low of $9.34 and a 1-year high of $18.53. The stock has a market capitalization of $2.30 billion, a P/E ratio of 21.73 and a beta of 1.43. The stock has a 50 day moving average of $10.53 and a 200-day moving average of $11.26.
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 analysts’ consensus estimates of $0.11 by ($0.02). The business had revenue of $82.30 million during 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 period in the previous year, the business posted ($0.61) earnings per share. Equities research analysts predict that Callon Petroleum Company will post $0.50 earnings per share for the current fiscal year.
Several brokerages have issued reports on CPE. Citigroup Inc. lowered their target price on shares of Callon Petroleum from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Royal Bank Of Canada set a $16.00 target price on shares of Callon Petroleum and gave the company a “buy” rating in a research report on Thursday, August 24th. BMO Capital Markets reiterated a “buy” rating and issued a $15.00 target price on shares of Callon Petroleum in a research report on Wednesday, September 6th. Zacks Investment Research downgraded shares of Callon Petroleum from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, Northland Securities set a $18.00 price target on shares of Callon Petroleum and gave the stock a “buy” rating in a research note on Monday, August 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.54.
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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