Royal Bank of Canada lifted its position in Callon Petroleum Company (NYSE:CPE) by 25.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,294,543 shares of the oil and natural gas company’s stock after acquiring an additional 1,068,240 shares during the quarter. Royal Bank of Canada owned approximately 2.62% of Callon Petroleum worth $56,176,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of CPE. Strs Ohio lifted its position in shares of Callon Petroleum by 6.5% in the 1st quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock valued at $128,000 after acquiring an additional 600 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Callon Petroleum by 25.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 20,800 shares of the oil and natural gas company’s stock valued at $273,000 after acquiring an additional 4,200 shares in the last quarter. Comerica Bank lifted its position in shares of Callon Petroleum by 12.4% in the 1st quarter. Comerica Bank now owns 174,059 shares of the oil and natural gas company’s stock valued at $2,070,000 after acquiring an additional 19,237 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Callon Petroleum by 86.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,389 shares of the oil and natural gas company’s stock valued at $110,000 after acquiring an additional 3,896 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of Callon Petroleum in the 1st quarter valued at approximately $381,000.

Shares of Callon Petroleum Company (CPE) traded up 0.135% on Thursday, hitting $11.105. 156,200 shares of the stock traded hands. The firm’s 50 day moving average is $10.60 and its 200 day moving average is $11.26. Callon Petroleum Company has a 52 week low of $9.34 and a 52 week high of $18.53. The firm has a market capitalization of $2.24 billion, a PE ratio of 21.152 and a beta of 1.43.

Callon Petroleum (NYSE:CPE) last announced its quarterly earnings data 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). The business had revenue of $82.30 million during the quarter, compared to the consensus estimate of $83.89 million. Callon Petroleum had a return on equity of 4.16% and a net margin of 34.61%. The business’s revenue for the quarter was up 82.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.61) EPS. On average, analysts expect that Callon Petroleum Company will post $0.48 EPS for the current fiscal year.

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Several equities research analysts recently commented on the stock. Scotiabank set a $15.00 price target on shares of Callon Petroleum and gave the company a “buy” rating in a research report on Saturday, July 1st. Northland Securities set a $18.00 price target on shares of Callon Petroleum and gave the company a “buy” rating in a research report on Monday, July 17th. BMO Capital Markets set a $15.00 price target on shares of Callon Petroleum and gave the company a “buy” rating in a research report on Monday, June 26th. Imperial Capital assumed coverage on shares of Callon Petroleum in a research report on Tuesday, August 15th. They issued an “outperform” rating and a $16.00 price target for the company. Finally, Seaport Global Securities downgraded shares of Callon Petroleum from a “buy” rating to a “neutral” rating and reduced their price target for the company from $19.00 to $10.00 in a research report on Wednesday, June 21st. 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 stock. The company has an average rating of “Buy” and a consensus target price of $17.57.

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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