Cramer Rosenthal Mcglynn LLC decreased its holdings in Callon Petroleum (NYSE:CPE) by 11.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,167,598 shares of the oil and natural gas company’s stock after selling 550,805 shares during the period. Cramer Rosenthal Mcglynn LLC owned approximately 2.06% of Callon Petroleum worth $46,844,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CPE. Dimensional Fund Advisors LP raised its holdings in Callon Petroleum by 180.4% in 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. Ameriprise Financial Inc. raised its holdings in Callon Petroleum by 372.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,604,306 shares of the oil and natural gas company’s stock valued at $40,514,000 after acquiring an additional 2,841,680 shares during the last quarter. Caymus Capital Partners L.P. raised its holdings in Callon Petroleum by 81.5% in the 2nd quarter. Caymus Capital Partners L.P. now owns 4,863,500 shares of the oil and natural gas company’s stock valued at $51,602,000 after acquiring an additional 2,184,500 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Callon Petroleum by 56.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,878,010 shares of the oil and natural gas company’s stock valued at $54,829,000 after acquiring an additional 1,762,472 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Callon Petroleum by 61.0% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,631,425 shares of the oil and natural gas company’s stock valued at $52,057,000 after acquiring an additional 1,755,125 shares during the last quarter.

CPE has been the subject of a number of recent research reports. Scotiabank set a $16.00 price objective on shares of Callon Petroleum and gave the company a “buy” rating in a report on Saturday, November 25th. Mizuho raised shares of Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Tuesday, November 21st. BMO Capital Markets set a $15.00 price target on shares of Callon Petroleum and gave the company a “buy” rating in a research note on Tuesday, November 14th. Northland Securities reissued a “buy” rating and issued a $18.00 price target on shares of Callon Petroleum in a research note on Wednesday, November 1st. Finally, Bank of America assumed coverage on shares of Callon Petroleum in a research note on Monday, October 16th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.43.

Callon Petroleum (NYSE:CPE) traded down $0.16 during trading hours on Tuesday, hitting $11.34. 6,452,000 shares of the company were exchanged, compared to its average volume of 4,976,107. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $2,321.12, a PE ratio of 31.94 and a beta of 1.33. Callon Petroleum has a 1 year low of $9.34 and a 1 year high of $18.00.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The company had revenue of $84.60 million for the quarter, compared to analysts’ expectations of $81.98 million. Callon Petroleum had a return on equity of 4.05% and a net margin of 30.20%. The business’s revenue for the quarter was up 51.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 EPS. equities analysts predict that Callon Petroleum will post 0.39 earnings per share for the current year.

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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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