Callon Petroleum Co. (CPE) Shares Bought by Swiss National Bank
Swiss National Bank increased its stake in Callon Petroleum Co. (NYSE:CPE) by 20.6% during the second quarter, Holdings Channel reports. The firm owned 192,900 shares of the company’s stock after buying an additional 32,900 shares during the period. Swiss National Bank owned about 0.16% of Callon Petroleum worth $2,166,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Independent Portfolio Consultants Inc. bought a new position in Callon Petroleum during the first quarter valued at $291,000. Virginia Retirement System acquired a new stake in Callon Petroleum during the first quarter worth approximately $1,467,000. Ramsey Quantitative Systems increased its stake in Callon Petroleum by 23.9% in the first quarter. Ramsey Quantitative Systems now owns 71,114 shares of the company’s stock worth $629,000 after buying an additional 13,695 shares during the last quarter. Teachers Advisors Inc. increased its stake in Callon Petroleum by 14.7% in the first quarter. Teachers Advisors Inc. now owns 1,539,780 shares of the company’s stock worth $13,627,000 after buying an additional 197,700 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Callon Petroleum by 12.4% in the first quarter. Franklin Resources Inc. now owns 4,717,958 shares of the company’s stock worth $41,754,000 after buying an additional 521,111 shares during the last quarter.
Callon Petroleum Co. (NYSE:CPE) traded down 0.76% during midday trading on Monday, hitting $14.37. 3,015,719 shares of the stock traded hands. The company’s 50-day moving average is $13.47 and its 200-day moving average is $11.03. Callon Petroleum Co. has a one year low of $4.21 and a one year high of $15.91. The company’s market cap is $1.88 billion.
Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by $0.65. The firm earned $45.14 million during the quarter, compared to analyst estimates of $47.75 million. Callon Petroleum had a negative net margin of 233.91% and a positive return on equity of 3.77%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) EPS. Equities research analysts expect that Callon Petroleum Co. will post $0.26 EPS for the current fiscal year.
A number of research firms have commented on CPE. Credit Suisse Group AG began coverage on shares of Callon Petroleum in a report on Tuesday, May 24th. They issued an “outperform” rating and a $14.00 price objective for the company. Zacks Investment Research downgraded shares of Callon Petroleum from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Roth Capital reiterated a “buy” rating on shares of Callon Petroleum in a report on Tuesday, July 12th. Citigroup Inc. increased their price objective on shares of Callon Petroleum from $12.50 to $14.00 and gave the company a “neutral” rating in a report on Thursday, August 11th. Finally, RBC Capital Markets upgraded shares of Callon Petroleum from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $15.00 to $18.00 in a report on Thursday, September 8th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Callon Petroleum has a consensus rating of “Buy” and an average target price of $14.73.
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.
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