Wedge Capital Management L L P NC raised its stake in Callon Petroleum Company (NYSE:CPE) by 21.4% during the second quarter, Holdings Channel reports. The fund owned 1,863,283 shares of the oil and natural gas company’s stock after buying an additional 328,237 shares during the period. Wedge Capital Management L L P NC’s holdings in Callon Petroleum were worth $19,769,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. increased its stake in Callon Petroleum by 96,684.2% in the first quarter. BlackRock Inc. now owns 12,101,893 shares of the oil and natural gas company’s stock valued at $159,259,000 after buying an additional 12,089,389 shares during the last quarter. Wellington Management Group LLP increased its stake in Callon Petroleum by 29.0% in the first quarter. Wellington Management Group LLP now owns 21,117,124 shares of the oil and natural gas company’s stock valued at $277,902,000 after buying an additional 4,749,928 shares during the last quarter. Channing Capital Management LLC acquired a new stake in Callon Petroleum during the first quarter valued at approximately $34,810,000. Goldman Sachs Group Inc. increased its stake in Callon Petroleum by 56.3% in the first quarter. Goldman Sachs Group Inc. now owns 7,333,603 shares of the oil and natural gas company’s stock valued at $96,510,000 after buying an additional 2,642,192 shares during the last quarter. Finally, FMR LLC increased its stake in Callon Petroleum by 15.7% in the first quarter. FMR LLC now owns 15,197,267 shares of the oil and natural gas company’s stock valued at $199,996,000 after buying an additional 2,067,650 shares during the last quarter.

Callon Petroleum Company (NYSE:CPE) opened at 10.42 on Monday. The firm has a 50-day moving average of $10.74 and a 200-day moving average of $12.08. Callon Petroleum Company has a 1-year low of $9.63 and a 1-year high of $18.53. The stock has a market capitalization of $2.10 billion, a PE ratio of 19.85 and a beta of 1.44.

Callon Petroleum (NYSE:CPE) last posted 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 analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $82.30 million during the quarter, compared to analysts’ expectations of $83.89 million. Callon Petroleum had a return on equity of 4.16% and a net margin of 34.61%. The business’s quarterly revenue was up 82.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.61) EPS. Equities analysts expect that Callon Petroleum Company will post $0.53 EPS for the current fiscal year.

WARNING: “Wedge Capital Management L L P NC Acquires 328,237 Shares of Callon Petroleum Company (NYSE:CPE)” was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/14/wedge-capital-management-l-l-p-nc-acquires-328237-shares-of-callon-petroleum-company-nysecpe.html.

Several equities research analysts have recently commented on CPE shares. Evercore ISI downgraded shares of Callon Petroleum from an “outperform” rating to an “in-line” rating and decreased their target price for the stock from $17.00 to $16.00 in a research report on Wednesday, April 19th. Scotiabank reissued a “buy” rating and set a $18.00 target price on shares of Callon Petroleum in a research report on Friday, May 5th. ValuEngine raised shares of Callon Petroleum from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Roth Capital set a $23.00 target price on shares of Callon Petroleum and gave the stock a “buy” rating in a research report on Friday, May 26th. Finally, Tudor Pickering started coverage on shares of Callon Petroleum in a research report on Tuesday, June 20th. They set a “buy” rating and a $26.00 target price for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $17.79.

Callon Petroleum Company 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.

Want to see what other hedge funds are holding CPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Callon Petroleum Company (NYSE:CPE).

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

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