Stifel Financial Corp lowered its stake in shares of Callon Petroleum (NYSE:CPE) by 10.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 642,865 shares of the oil and natural gas company’s stock after selling 77,347 shares during the period. Stifel Financial Corp owned about 0.32% of Callon Petroleum worth $7,219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Elk Creek Partners LLC lifted its holdings in shares of Callon Petroleum by 2.2% in the third quarter. Elk Creek Partners LLC now owns 708,354 shares of the oil and natural gas company’s stock valued at $7,962,000 after purchasing an additional 15,420 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Callon Petroleum by 47.9% in the third quarter. Dimensional Fund Advisors LP now owns 10,625,848 shares of the oil and natural gas company’s stock valued at $119,434,000 after purchasing an additional 3,440,342 shares in the last quarter. RR Advisors LLC lifted its holdings in shares of Callon Petroleum by 20.4% in the third quarter. RR Advisors LLC now owns 430,000 shares of the oil and natural gas company’s stock valued at $4,833,000 after purchasing an additional 73,000 shares in the last quarter. Brown Advisory Inc. lifted its holdings in shares of Callon Petroleum by 12.7% in the third quarter. Brown Advisory Inc. now owns 38,442 shares of the oil and natural gas company’s stock valued at $432,000 after purchasing an additional 4,334 shares in the last quarter. Finally, BB&T Securities LLC purchased a new stake in shares of Callon Petroleum in the third quarter valued at about $112,000.

Callon Petroleum (CPE) opened at $10.88 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $2,200.01, a P/E ratio of 30.28 and a beta of 1.33. Callon Petroleum has a one year low of $9.34 and a one year high of $16.83.

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

Several analysts have issued reports on CPE shares. Northland Securities set a $18.00 price target on shares of Callon Petroleum and gave the company a “buy” rating in a report on Monday, August 21st. Royal Bank of Canada set a $16.00 price target on shares of Callon Petroleum and gave the company a “buy” rating in a report on Thursday, August 24th. BMO Capital Markets reaffirmed a “buy” rating and issued a $15.00 price target on shares of Callon Petroleum in a report on Wednesday, September 6th. 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 target on the stock. Finally, Bank of America started coverage on shares of Callon Petroleum in a report on Monday, October 16th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.09.

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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)

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