Callon Petroleum Co. (CPE) Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP reduced its position in Callon Petroleum Co. (NYSE:CPE) by 11.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,425,220 shares of the company’s stock after selling 689,555 shares during the period. Dimensional Fund Advisors LP owned approximately 4.47% of Callon Petroleum worth $60,928,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas increased its position in Callon Petroleum by 80.0% in the second quarter. Teacher Retirement System of Texas now owns 16,545 shares of the company’s stock worth $186,000 after buying an additional 7,351 shares in the last quarter. Tributary Capital Management LLC increased its position in Callon Petroleum by 11.7% in the second quarter. Tributary Capital Management LLC now owns 605,793 shares of the company’s stock worth $6,803,000 after buying an additional 63,391 shares in the last quarter. SECOR Capital Advisors LP increased its position in Callon Petroleum by 393.4% in the second quarter. SECOR Capital Advisors LP now owns 91,150 shares of the company’s stock worth $1,024,000 after buying an additional 72,678 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in Callon Petroleum by 38.6% in the second quarter. UBS Asset Management Americas Inc. now owns 1,050,110 shares of the company’s stock worth $11,792,000 after buying an additional 292,465 shares in the last quarter. Finally, Geduld E E acquired a new position in Callon Petroleum during the second quarter worth about $168,000. Institutional investors and hedge funds own 83.09% of the company’s stock.
Callon Petroleum Co. (NYSE:CPE) traded down 3.31% during trading on Monday, reaching $15.18. 1,545,974 shares of the company were exchanged. Callon Petroleum Co. has a 12 month low of $4.21 and a 12 month high of $15.91. The stock has a 50 day moving average price of $14.51 and a 200 day moving average price of $11.67. The firm’s market capitalization is $1.99 billion.
Callon Petroleum (NYSE:CPE) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.61) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.65. The business had revenue of $45.14 million for the quarter, compared to analyst estimates of $47.75 million. Callon Petroleum had a positive return on equity of 3.77% and a negative net margin of 233.91%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.11) EPS. On average, analysts expect that Callon Petroleum Co. will post $0.26 EPS for the current fiscal year.
Several brokerages have weighed in on CPE. Evercore ISI began coverage on shares of Callon Petroleum in a research note on Wednesday, September 28th. They issued a “buy” rating and a $20.00 target price for the company. Zacks Investment Research raised shares of Callon Petroleum from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Wednesday, June 29th. Imperial Capital reaffirmed an “outperform” rating and issued a $14.00 price target on shares of Callon Petroleum in a report on Wednesday, June 8th. RBC Capital Markets raised shares of Callon Petroleum from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $15.00 to $18.00 in a report on Thursday, September 8th. They noted that the move was a valuation call. Finally, KeyCorp raised their price target on shares of Callon Petroleum from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, August 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $15.25.
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. It focuses on unconventional, onshore, oil and natural gas reserves in the Permian Basin in West Texas and the Midland Basin.
Receive News & Ratings for Callon Petroleum Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callon Petroleum Co. and related companies with MarketBeat.com's FREE daily email newsletter.