E&G Advisors LP reduced its position in shares of Callon Petroleum (NYSE:CPE) by 12.2% in the 4th quarter, Holdings Channel reports. The firm owned 39,450 shares of the oil and natural gas company’s stock after selling 5,500 shares during the quarter. E&G Advisors LP’s holdings in Callon Petroleum were worth $256,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Legal & General Group Plc grew its position in shares of Callon Petroleum by 1.0% in the 3rd quarter. Legal & General Group Plc now owns 219,496 shares of the oil and natural gas company’s stock valued at $2,632,000 after purchasing an additional 2,231 shares during the period. Strs Ohio grew its position in shares of Callon Petroleum by 139.0% in the 3rd quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock valued at $117,000 after purchasing an additional 5,700 shares during the period. Arizona State Retirement System grew its position in shares of Callon Petroleum by 3.8% in the 3rd quarter. Arizona State Retirement System now owns 161,585 shares of the oil and natural gas company’s stock valued at $1,937,000 after purchasing an additional 5,931 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Callon Petroleum by 26.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 32,568 shares of the oil and natural gas company’s stock valued at $389,000 after purchasing an additional 6,856 shares during the period. Finally, Pacer Advisors Inc. grew its position in shares of Callon Petroleum by 12.4% in the 3rd quarter. Pacer Advisors Inc. now owns 79,702 shares of the oil and natural gas company’s stock valued at $956,000 after purchasing an additional 8,783 shares during the period.

Several equities analysts recently issued reports on CPE shares. Capital One Financial lowered Callon Petroleum from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. JPMorgan Chase & Co. set a $9.00 price target on Callon Petroleum and gave the stock a “buy” rating in a research report on Friday, December 7th. Oppenheimer started coverage on Callon Petroleum in a research report on Wednesday, October 3rd. They set an “outperform” rating and a $16.00 price target for the company. Tudor Pickering downgraded Callon Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, December 14th. Finally, Barclays downgraded Callon Petroleum from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $14.00 to $10.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $15.22.

Shares of Callon Petroleum stock opened at $8.22 on Friday. Callon Petroleum has a 12-month low of $5.57 and a 12-month high of $14.65. The company has a market cap of $1.90 billion, a PE ratio of 19.57, a P/E/G ratio of 0.23 and a beta of 1.32. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46.

Callon Petroleum (NYSE:CPE) last announced its quarterly earnings data on Tuesday, November 6th. The oil and natural gas company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. Callon Petroleum had a return on equity of 8.31% and a net margin of 30.70%. The company had revenue of $161.21 million for the quarter, compared to analysts’ expectations of $145.66 million. During the same quarter in the prior year, the business posted $0.09 EPS. The business’s revenue was up 90.5% compared to the same quarter last year. As a group, equities analysts expect that Callon Petroleum will post 0.87 earnings per share for the current fiscal year.

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About Callon Petroleum

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional onshore, oil, and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2017, its estimated net proved reserves totaled 137.0 million barrel of oil equivalent.

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

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