Principal Financial Group Inc. trimmed its stake in Callon Petroleum Company (NYSE:CPE) by 91.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,043 shares of the oil and natural gas company’s stock after selling 835,276 shares during the period. Principal Financial Group Inc.’s holdings in Callon Petroleum were worth $860,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CPE. Great West Life Assurance Co. Can grew its position in Callon Petroleum by 25.3% in the first quarter. Great West Life Assurance Co. Can now owns 20,800 shares of the oil and natural gas company’s stock valued at $273,000 after acquiring an additional 4,200 shares during the period. Karp Capital Management Corp bought a new stake in Callon Petroleum in the first quarter valued at $381,000. Sei Investments Co. grew its position in Callon Petroleum by 25.6% in the first quarter. Sei Investments Co. now owns 31,533 shares of the oil and natural gas company’s stock valued at $415,000 after acquiring an additional 6,428 shares during the period. Ameritas Investment Partners Inc. grew its position in Callon Petroleum by 27.9% in the first quarter. Ameritas Investment Partners Inc. now owns 15,572 shares of the oil and natural gas company’s stock valued at $205,000 after acquiring an additional 3,400 shares during the period. Finally, M&T Bank Corp grew its position in Callon Petroleum by 20.5% in the first quarter. M&T Bank Corp now owns 12,946 shares of the oil and natural gas company’s stock valued at $170,000 after acquiring an additional 2,203 shares during the period.

A number of brokerages have weighed in on CPE. BidaskClub upgraded Callon Petroleum from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. BMO Capital Markets reiterated a “buy” rating and issued a $15.00 price target on shares of Callon Petroleum in a research report on Tuesday. Zacks Investment Research upgraded Callon Petroleum from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Jefferies Group LLC started coverage on Callon Petroleum in a research report on Monday. They issued a “buy” rating and a $16.00 price target on the stock. Finally, Citigroup Inc. reduced their price objective on Callon Petroleum from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the stock. Callon Petroleum has an average rating of “Buy” and a consensus price target of $17.50.

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Callon Petroleum Company (CPE) opened at 11.29 on Wednesday. Callon Petroleum Company has a 52 week low of $9.34 and a 52 week high of $18.53. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 21.50 and a beta of 1.43. The stock’s 50 day moving average price is $10.72 and its 200 day moving average price is $11.24.

Callon Petroleum (NYSE:CPE) last released 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 Thomson Reuters’ 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 business earned ($0.61) EPS. The company’s revenue was up 82.5% compared to the same quarter last year. On average, equities research analysts predict that Callon Petroleum Company will post $0.48 EPS for the current year.

About Callon Petroleum

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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