Fmr LLC increased its position in shares of Callon Petroleum Company (NYSE:CPE) by 15.7% during the first quarter, Holdings Channel reports. The firm owned 15,197,267 shares of the oil and natural gas company’s stock after buying an additional 2,067,650 shares during the period. Fmr LLC owned about 7.56% of Callon Petroleum Company worth $199,996,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kingdon Capital Management L.L.C. increased its position in Callon Petroleum Company by 28.9% in the fourth quarter. Kingdon Capital Management L.L.C. now owns 1,649,869 shares of the oil and natural gas company’s stock valued at $25,358,000 after buying an additional 369,671 shares during the last quarter. Caxton Associates LP acquired a new position in Callon Petroleum Company during the fourth quarter valued at $985,000. GLG LLC acquired a new position in Callon Petroleum Company during the fourth quarter valued at $768,000. GLG Partners LP acquired a new position in Callon Petroleum Company during the fourth quarter valued at $2,172,000. Finally, GSA Capital Partners LLP acquired a new position in Callon Petroleum Company during the fourth quarter valued at $1,311,000.

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

Callon Petroleum Company (CPE) traded down 0.20% during trading on Friday, reaching $10.03. 5,966,870 shares of the company traded hands. The company’s market capitalization is $2.02 billion. Callon Petroleum Company has a 52 week low of $9.78 and a 52 week high of $18.53. The firm has a 50-day moving average price of $11.71 and a 200-day moving average price of $13.53.

Callon Petroleum Company (NYSE:CPE) last issued its quarterly earnings results on Tuesday, May 2nd. The oil and natural gas company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $81.36 million during the quarter, compared to analyst estimates of $80.22 million. Callon Petroleum Company had a negative net margin of 1.42% and a positive return on equity of 4.23%. Analysts forecast that Callon Petroleum Company will post $0.60 earnings per share for the current fiscal year.

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CPE has been the topic of several recent research reports. Scotiabank set a $18.00 price target on shares of Callon Petroleum Company and gave the stock a “buy” rating in a research report on Tuesday, February 28th. Canaccord Genuity reiterated a “buy” rating and issued a $22.00 price target on shares of Callon Petroleum Company in a research report on Tuesday, February 28th. Roth Capital set a $23.00 price target on shares of Callon Petroleum Company and gave the stock a “buy” rating in a research report on Wednesday, February 22nd. EuroPacific Canada upgraded shares of Callon Petroleum Company from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Thursday, April 13th. Finally, Eurobank EFG upgraded shares of Callon Petroleum Company from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Thursday, April 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $18.05.

About Callon Petroleum Company

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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