Virginia Retirement Systems ET AL lowered its stake in Callon Petroleum (NYSE:CPE) by 15.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 149,647 shares of the oil and natural gas company’s stock after selling 27,027 shares during the quarter. Virginia Retirement Systems ET AL owned 0.07% of Callon Petroleum worth $1,682,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in CPE. Dimensional Fund Advisors LP boosted its stake in Callon Petroleum by 180.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,185,506 shares of the oil and natural gas company’s stock worth $76,238,000 after purchasing an additional 4,622,758 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Callon Petroleum by 372.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,604,306 shares of the oil and natural gas company’s stock worth $40,514,000 after purchasing an additional 2,841,680 shares during the last quarter. Caymus Capital Partners L.P. boosted its stake in Callon Petroleum by 81.5% during the 2nd quarter. Caymus Capital Partners L.P. now owns 4,863,500 shares of the oil and natural gas company’s stock worth $51,602,000 after purchasing an additional 2,184,500 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Callon Petroleum by 56.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,878,010 shares of the oil and natural gas company’s stock worth $54,829,000 after purchasing an additional 1,762,472 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Callon Petroleum by 61.0% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,631,425 shares of the oil and natural gas company’s stock worth $52,057,000 after purchasing an additional 1,755,125 shares during the last quarter.

Callon Petroleum (NYSE:CPE) opened at $11.37 on Wednesday. Callon Petroleum has a fifty-two week low of $9.34 and a fifty-two week high of $18.00. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2,288.82, a price-to-earnings ratio of 31.50 and a beta of 1.33.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). Callon Petroleum had a return on equity of 4.05% and a net margin of 30.20%. The company had revenue of $84.60 million for the quarter, compared to analysts’ expectations of $81.98 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The firm’s revenue was up 51.3% on a year-over-year basis. research analysts expect that Callon Petroleum will post 0.39 earnings per share for the current year.

Several equities research analysts have issued reports on the stock. BMO Capital Markets set a $15.00 target price on shares of Callon Petroleum and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Jefferies Group assumed coverage on shares of Callon Petroleum in a research note on Monday, October 9th. They set a “buy” rating and a $16.00 target price on the stock. Northland Securities reaffirmed a “buy” rating and set a $18.00 target price on shares of Callon Petroleum in a research note on Wednesday, November 1st. Bank of America assumed coverage on shares of Callon Petroleum in a research note on Monday, October 16th. They set a “buy” rating on the stock. Finally, Scotiabank set a $16.00 target price on shares of Callon Petroleum and gave the stock a “buy” rating in a research note on Saturday, November 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $17.43.

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Callon Petroleum 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.

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

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