Schwab Charles Investment Management Inc. boosted its position in Callon Petroleum Company (NYSE:CPE) by 5.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 882,887 shares of the oil and natural gas company’s stock after purchasing an additional 49,245 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.44% of Callon Petroleum worth $9,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in Callon Petroleum by 96,684.2% in the 1st quarter. BlackRock Inc. now owns 12,101,893 shares of the oil and natural gas company’s stock valued at $159,259,000 after purchasing an additional 12,089,389 shares during the period. Amalgamated Bank increased its holdings in shares of Callon Petroleum by 21.3% in the first quarter. Amalgamated Bank now owns 21,633 shares of the oil and natural gas company’s stock worth $285,000 after purchasing an additional 3,801 shares during the period. Paloma Partners Management Co bought a new position in shares of Callon Petroleum in the first quarter worth $208,000. AMI Asset Management Corp increased its holdings in shares of Callon Petroleum by 26.8% in the second quarter. AMI Asset Management Corp now owns 501,311 shares of the oil and natural gas company’s stock worth $5,319,000 after purchasing an additional 106,000 shares during the period. Finally, GW&K Investment Management LLC increased its holdings in shares of Callon Petroleum by 49.4% in the second quarter. GW&K Investment Management LLC now owns 1,626,273 shares of the oil and natural gas company’s stock worth $17,255,000 after purchasing an additional 537,582 shares during the period.

Several research firms recently issued reports on CPE. BidaskClub raised Callon Petroleum from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded Callon Petroleum from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Citigroup Inc. decreased their target price on Callon Petroleum from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Northland Securities set a $18.00 price target on Callon Petroleum and gave the company a “buy” rating in a report on Monday, July 17th. Finally, Scotiabank set a $15.00 price target on Callon Petroleum and gave the company a “buy” rating in a report on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $17.54.

Callon Petroleum Company (CPE) opened at 11.40 on Wednesday. The company’s 50-day moving average price is $10.57 and its 200 day moving average price is $11.26. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 21.71 and a beta of 1.43. Callon Petroleum Company has a 52-week low of $9.34 and a 52-week high of $18.53.

Callon Petroleum (NYSE:CPE) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). Callon Petroleum had a net margin of 34.61% and a return on equity of 4.16%. The business had revenue of $82.30 million during the quarter, compared to the consensus estimate of $83.89 million. During the same period in the previous year, the business posted ($0.61) EPS. The firm’s revenue was up 82.5% on a year-over-year basis. On average, equities analysts expect that Callon Petroleum Company will post $0.50 EPS for the current fiscal year.

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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.

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

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