Advisory Research Inc. continued to hold its stake in Callon Petroleum Company (NYSE:CPE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 179,024 shares of the oil and natural gas company’s stock at the end of the 2nd quarter. Advisory Research Inc. owned 0.09% of Callon Petroleum worth $2,356,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CPE. Great West Life Assurance Co. Can increased its position in shares of Callon Petroleum by 25.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 20,800 shares of the oil and natural gas company’s stock worth $273,000 after purchasing an additional 4,200 shares in the last quarter. Karp Capital Management Corp acquired a new stake in shares of Callon Petroleum during the 1st quarter worth about $381,000. Sei Investments Co. increased its position in shares of Callon Petroleum by 25.6% during the 1st quarter. Sei Investments Co. now owns 31,533 shares of the oil and natural gas company’s stock worth $415,000 after purchasing an additional 6,428 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Callon Petroleum by 27.9% during the 1st quarter. Ameritas Investment Partners Inc. now owns 15,572 shares of the oil and natural gas company’s stock worth $205,000 after purchasing an additional 3,400 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of Callon Petroleum by 20.5% during the 1st quarter. M&T Bank Corp now owns 12,946 shares of the oil and natural gas company’s stock worth $170,000 after purchasing an additional 2,203 shares in the last quarter.

Shares of Callon Petroleum Company (NYSE:CPE) traded down 0.89% on Wednesday, hitting $11.19. 108,085 shares of the stock traded hands. The stock has a 50 day moving average of $10.72 and a 200-day moving average of $11.24. The stock has a market cap of $2.26 billion, a PE ratio of 21.31 and a beta of 1.43. Callon Petroleum Company has a 1-year low of $9.34 and a 1-year high of $18.53.

Callon Petroleum (NYSE:CPE) last released 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 the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $83.89 million. During the same period in the prior year, the company earned ($0.61) EPS. The business’s quarterly revenue was up 82.5% compared to the same quarter last year. On average, equities research analysts expect that Callon Petroleum Company will post $0.48 EPS for the current year.

A number of brokerages recently issued reports on CPE. BMO Capital Markets set a $15.00 target price on shares of Callon Petroleum and gave the stock a “buy” rating in a research report on Tuesday. Jefferies Group LLC began coverage on shares of Callon Petroleum in a research report on Monday. They set a “buy” rating and a $16.00 target price for the company. Royal Bank Of Canada set a $16.00 target price on shares of Callon Petroleum and gave the stock a “buy” rating in a research report on Thursday, August 24th. Northland Securities set a $18.00 target price on shares of Callon Petroleum and gave the stock a “buy” rating in a research report on Monday, August 21st. Finally, Imperial Capital assumed coverage on shares of Callon Petroleum in a research report on Tuesday, August 15th. They set an “outperform” rating and a $16.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Callon Petroleum has an average rating of “Buy” and a consensus target price of $17.50.

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Callon Petroleum 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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