Russell Investments Group Ltd. cut its stake in shares of Callon Petroleum Company (NYSE:CPE) by 14.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,024,587 shares of the oil and natural gas company’s stock after selling 166,718 shares during the period. Russell Investments Group Ltd.’s holdings in Callon Petroleum were worth $10,871,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Callon Petroleum by 86.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,389 shares of the oil and natural gas company’s stock valued at $110,000 after buying an additional 3,896 shares during the last quarter. Strs Ohio boosted its stake in Callon Petroleum by 6.5% in the first quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock valued at $128,000 after buying an additional 600 shares during the last quarter. Green Square Capital LLC acquired a new stake in Callon Petroleum during the first quarter valued at $132,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Callon Petroleum during the first quarter valued at $143,000. Finally, M&T Bank Corp boosted its stake in Callon Petroleum by 20.5% in the first quarter. M&T Bank Corp now owns 12,946 shares of the oil and natural gas company’s stock valued at $170,000 after buying an additional 2,203 shares during the last quarter.

Callon Petroleum Company (NYSE:CPE) traded down 2.02% during trading on Monday, reaching $10.21. The company had a trading volume of 1,439,257 shares. The firm’s 50 day moving average is $10.74 and its 200 day moving average is $12.08. Callon Petroleum Company has a one year low of $9.63 and a one year high of $18.53. The company has a market capitalization of $2.06 billion, a PE ratio of 19.45 and a beta of 1.44.

Callon Petroleum (NYSE:CPE) last released its earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $82.30 million for the quarter, compared to the consensus estimate of $83.89 million. Callon Petroleum had a net margin of 34.61% and a return on equity of 4.16%. The company’s quarterly revenue was up 82.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.61) EPS. On average, equities research analysts predict that Callon Petroleum Company will post $0.53 earnings per share for the current year.

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Several research firms have weighed in on CPE. Scotiabank set a $15.00 price target on Callon Petroleum and gave the company a “buy” rating in a report on Saturday, July 1st. BidaskClub cut Callon Petroleum from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Royal Bank Of Canada set a $20.00 price target on Callon Petroleum and gave the company a “buy” rating in a report on Saturday, June 3rd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $18.00 price target on shares of Callon Petroleum in a report on Friday, June 2nd. Finally, Citigroup Inc. lowered their price target on Callon Petroleum from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $17.79.

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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