Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Callon Petroleum Company (NYSE:CPE) by 6.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,672 shares of the oil and natural gas company’s stock after purchasing an additional 3,733 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Callon Petroleum were worth $686,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Callon Petroleum by 3.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 223,208 shares of the oil and natural gas company’s stock valued at $2,368,000 after acquiring an additional 6,949 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in Callon Petroleum by 21.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 75,804 shares of the oil and natural gas company’s stock valued at $804,000 after acquiring an additional 13,551 shares during the period. Cipher Capital LP lifted its stake in Callon Petroleum by 45.7% during the 2nd quarter. Cipher Capital LP now owns 591,418 shares of the oil and natural gas company’s stock valued at $6,275,000 after acquiring an additional 185,523 shares during the period. Swiss National Bank lifted its stake in Callon Petroleum by 2.0% during the 2nd quarter. Swiss National Bank now owns 338,000 shares of the oil and natural gas company’s stock valued at $3,586,000 after acquiring an additional 6,700 shares during the period. Finally, FFT Wealth Management LLC bought a new position in Callon Petroleum during the 2nd quarter valued at about $113,000.

Callon Petroleum Company (NYSE CPE) opened at 10.52 on Friday. The stock’s 50 day moving average price is $10.38 and its 200-day moving average price is $11.34. The company has a market capitalization of $2.12 billion, a P/E ratio of 20.04 and a beta of 1.44. Callon Petroleum Company has a 52-week low of $9.34 and a 52-week high of $18.53.

Callon Petroleum (NYSE:CPE) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). Callon Petroleum had a return on equity of 4.16% and a net margin of 34.61%. The firm had revenue of $82.30 million for the quarter, compared to analysts’ expectations of $83.89 million. During the same quarter in the previous year, the firm posted ($0.61) earnings per share. The firm’s revenue for the quarter was up 82.5% compared to the same quarter last year. Analysts predict that Callon Petroleum Company will post $0.50 earnings per share for the current fiscal year.

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CPE has been the topic of several research analyst reports. Roth Capital set a $23.00 target price on shares of Callon Petroleum and gave the company a “buy” rating in a research note on Friday, May 26th. BMO Capital Markets set a $15.00 target price on shares of Callon Petroleum and gave the company a “buy” rating in a research note on Monday, June 26th. Citigroup Inc. lowered their target price on shares of Callon Petroleum from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, July 13th. Barclays PLC reaffirmed a “buy” rating and set a $14.00 price target on shares of Callon Petroleum in a research report on Friday, July 7th. Finally, 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $17.54.

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.

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

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