Monarch Partners Asset Management LLC raised its position in Callon Petroleum Company (NYSE:CPE) by 8.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,241,957 shares of the oil and natural gas company’s stock after buying an additional 100,790 shares during the period. Callon Petroleum makes up 1.3% of Monarch Partners Asset Management LLC’s investment portfolio, making the stock its 19th largest position. Monarch Partners Asset Management LLC’s holdings in Callon Petroleum were worth $13,177,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. increased its position in shares of Callon Petroleum by 5.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 882,887 shares of the oil and natural gas company’s stock worth $9,368,000 after buying an additional 49,245 shares during the period. Mesirow Financial Investment Management Equity Management increased its position in shares of Callon Petroleum by 10.6% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 1,372,800 shares of the oil and natural gas company’s stock worth $14,565,000 after buying an additional 132,030 shares during the period. Hodges Capital Management Inc. increased its position in shares of Callon Petroleum by 0.5% in the second quarter. Hodges Capital Management Inc. now owns 61,300 shares of the oil and natural gas company’s stock worth $650,000 after buying an additional 300 shares during the period. Sei Investments Co. increased its position in shares of Callon Petroleum by 67.8% in the second quarter. Sei Investments Co. now owns 52,907 shares of the oil and natural gas company’s stock worth $561,000 after buying an additional 21,374 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Callon Petroleum during the second quarter worth about $681,000.

Callon Petroleum Company (CPE) opened at 10.48 on Friday. Callon Petroleum Company has a 52-week low of $9.63 and a 52-week high of $18.53. The stock has a market cap of $2.12 billion, a P/E ratio of 19.96 and a beta of 1.44. The firm’s 50-day moving average price is $10.72 and its 200 day moving average price is $12.11.

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

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A number of equities analysts have recently issued reports on the company. BidaskClub downgraded Callon Petroleum from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Zacks Investment Research raised Callon Petroleum from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Citigroup Inc. cut their target price on Callon Petroleum from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Northland Securities set a $18.00 target price on Callon Petroleum and gave the stock a “buy” rating in a research note on Monday, July 17th. Finally, Barclays PLC reissued a “buy” rating and set a $14.00 target price on shares of Callon Petroleum in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. Callon Petroleum presently has an average rating of “Buy” and a consensus target price of $17.72.

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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