Crossmark Global Holdings Inc. purchased a new position in Callon Petroleum (NYSE:CPE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,620 shares of the oil and natural gas company’s stock, valued at approximately $142,000.

A number of other institutional investors have also recently made changes to their positions in the business. FMR LLC grew its holdings in Callon Petroleum by 6.2% in the 2nd quarter. FMR LLC now owns 16,132,114 shares of the oil and natural gas company’s stock worth $171,162,000 after acquiring an additional 934,847 shares during the last quarter. BlackRock Inc. grew its holdings in Callon Petroleum by 7.0% in the 2nd quarter. BlackRock Inc. now owns 12,953,769 shares of the oil and natural gas company’s stock worth $137,439,000 after acquiring an additional 851,876 shares during the last quarter. State Street Corp grew its holdings in Callon Petroleum by 11.4% in the 2nd quarter. State Street Corp now owns 7,845,502 shares of the oil and natural gas company’s stock worth $83,244,000 after acquiring an additional 802,785 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Callon Petroleum by 1.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 7,426,037 shares of the oil and natural gas company’s stock valued at $78,790,000 after purchasing an additional 92,434 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Callon Petroleum by 180.4% during 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 purchasing an additional 4,622,758 shares in the last quarter.

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

Callon Petroleum (NYSE:CPE) opened at $11.37 on Wednesday. Callon Petroleum has a 12-month low of $9.34 and a 12-month high of $18.00. The stock has a market cap of $2,288.82, a PE ratio of 31.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.84.

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

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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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