Hodges Capital Management Inc. increased its position in shares of Callon Petroleum Company (NYSE:CPE) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,300 shares of the oil and natural gas company’s stock after buying an additional 300 shares during the period. Hodges Capital Management Inc.’s holdings in Callon Petroleum were worth $650,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Wellington Management Group LLP raised its stake in Callon Petroleum by 29.0% in the first quarter. Wellington Management Group LLP now owns 21,117,124 shares of the oil and natural gas company’s stock worth $277,902,000 after buying an additional 4,749,928 shares during the last quarter. Vanguard Group Inc. raised its stake in Callon Petroleum by 4.3% in the first quarter. Vanguard Group Inc. now owns 16,158,249 shares of the oil and natural gas company’s stock worth $212,642,000 after buying an additional 667,220 shares during the last quarter. FMR LLC raised its stake in Callon Petroleum by 15.7% in the first quarter. FMR LLC now owns 15,197,267 shares of the oil and natural gas company’s stock worth $199,996,000 after buying an additional 2,067,650 shares during the last quarter. BlackRock Inc. raised its stake in Callon Petroleum by 96,684.2% in the first quarter. BlackRock Inc. now owns 12,101,893 shares of the oil and natural gas company’s stock worth $159,259,000 after buying an additional 12,089,389 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Callon Petroleum by 56.3% in the first quarter. Goldman Sachs Group Inc. now owns 7,333,603 shares of the oil and natural gas company’s stock worth $96,510,000 after buying an additional 2,642,192 shares during the last quarter.

Shares of Callon Petroleum Company (NYSE CPE) opened at 10.63 on Thursday. The stock has a market capitalization of $2.15 billion, a P/E ratio of 20.25 and a beta of 1.44. The company’s 50 day moving average price is $10.70 and its 200 day moving average price is $12.13. Callon Petroleum Company has a one year low of $9.63 and a one year high of $18.53.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing the 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 business had revenue of $82.30 million for the quarter, compared to analyst estimates of $83.89 million. During the same period in the prior year, the firm posted ($0.61) EPS. Callon Petroleum’s revenue for the quarter was up 82.5% on a year-over-year basis. On average, equities analysts expect that Callon Petroleum Company will post $0.53 earnings per share for the current year.

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A number of analysts recently commented on CPE shares. Seaport Global Securities lowered Callon Petroleum from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $19.00 to $10.00 in a research note on Wednesday, June 21st. Citigroup Inc. reduced their target price on Callon Petroleum from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Royal Bank Of Canada set a $20.00 target price on Callon Petroleum and gave the stock a “buy” rating in a research report on Tuesday, April 25th. BMO Capital Markets set a $16.00 target price on Callon Petroleum and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Finally, Zacks Investment Research downgraded Callon Petroleum from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $17.73.

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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