Segall Bryant & Hamill LLC trimmed its stake in Callon Petroleum (NYSE:CPE) by 12.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 423,048 shares of the oil and natural gas company’s stock after selling 59,631 shares during the period. Segall Bryant & Hamill LLC owned about 0.21% of Callon Petroleum worth $4,755,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. raised its stake in shares of 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 period. Victory Capital Management Inc. raised its stake in shares of Callon Petroleum by 24.0% in the 2nd quarter. Victory Capital Management Inc. now owns 2,203,067 shares of the oil and natural gas company’s stock valued at $23,375,000 after acquiring an additional 425,767 shares during the period. Rhumbline Advisers raised its stake in shares of Callon Petroleum by 16.0% in the 2nd quarter. Rhumbline Advisers now owns 250,714 shares of the oil and natural gas company’s stock valued at $2,660,000 after acquiring an additional 34,532 shares during the period. Voya Investment Management LLC raised its stake in shares of Callon Petroleum by 22.8% in the 2nd quarter. Voya Investment Management LLC now owns 93,670 shares of the oil and natural gas company’s stock valued at $994,000 after acquiring an additional 17,410 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Callon Petroleum by 8.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 18,990 shares of the oil and natural gas company’s stock valued at $202,000 after acquiring an additional 1,555 shares during the period.

Callon Petroleum (NYSE:CPE) opened at $10.70 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32. Callon Petroleum has a twelve month low of $9.34 and a twelve month high of $18.00. The company has a market cap of $2,159.65, a P/E ratio of 29.72 and a beta of 1.33.

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

A number of research analysts recently weighed in on CPE shares. Jefferies Group started coverage on shares of Callon Petroleum in a report on Monday, October 9th. They issued a “buy” rating and a $16.00 price objective for the company. Northland Securities restated a “buy” rating and issued a $18.00 price objective on shares of Callon Petroleum in a report on Wednesday, November 1st. BMO Capital Markets restated a “buy” rating and issued a $15.00 price objective on shares of Callon Petroleum in a report on Wednesday, September 6th. Bank of America started coverage on shares of Callon Petroleum in a report on Monday, October 16th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada set a $16.00 price objective on shares of Callon Petroleum and gave the company a “buy” rating in a report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the stock. Callon Petroleum presently has a consensus rating of “Buy” and an average target price of $17.43.

TRADEMARK VIOLATION NOTICE: “Callon Petroleum (CPE) Shares Sold by Segall Bryant & Hamill LLC” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/12/10/callon-petroleum-cpe-shares-sold-by-segall-bryant-hamill-llc.html.

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.

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

Receive News & Stock Ratings for Callon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callon Petroleum and related stocks with our FREE daily email newsletter.