Rhumbline Advisers boosted its holdings in shares of Callon Petroleum (NYSE:CPE) by 0.7% in the 1st quarter, Holdings Channel reports. The firm owned 761,928 shares of the oil and natural gas company’s stock after buying an additional 5,366 shares during the period. Rhumbline Advisers’ holdings in Callon Petroleum were worth $5,753,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CPE. Thrivent Financial for Lutherans lifted its stake in Callon Petroleum by 208.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 7,823,096 shares of the oil and natural gas company’s stock valued at $50,772,000 after purchasing an additional 5,285,401 shares during the last quarter. BlackRock Inc. lifted its stake in Callon Petroleum by 5.2% during the fourth quarter. BlackRock Inc. now owns 26,888,623 shares of the oil and natural gas company’s stock valued at $174,508,000 after purchasing an additional 1,326,915 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Callon Petroleum by 25.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,264,141 shares of the oil and natural gas company’s stock valued at $40,655,000 after purchasing an additional 1,268,538 shares during the last quarter. Norges Bank acquired a new stake in Callon Petroleum during the fourth quarter valued at approximately $6,803,000. Finally, Weiss Multi Strategy Advisers LLC lifted its stake in Callon Petroleum by 313.7% during the fourth quarter. Weiss Multi Strategy Advisers LLC now owns 1,224,550 shares of the oil and natural gas company’s stock valued at $7,947,000 after purchasing an additional 928,550 shares during the last quarter.

Several analysts recently commented on the stock. Imperial Capital reissued an “outperform” rating and set a $15.00 target price (up from $12.00) on shares of Callon Petroleum in a research note on Wednesday, February 13th. Williams Capital reissued a “buy” rating and set a $12.00 target price on shares of Callon Petroleum in a research note on Tuesday, April 9th. Zacks Investment Research upgraded shares of Callon Petroleum from a “strong sell” rating to a “hold” rating in a report on Monday, March 18th. Morgan Stanley assumed coverage on shares of Callon Petroleum in a report on Thursday, March 21st. They set an “equal weight” rating and a $9.00 price target on the stock. Finally, SunTrust Banks set a $12.00 price target on shares of Callon Petroleum and gave the company a “buy” rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $13.63.

CPE stock opened at $6.81 on Friday. Callon Petroleum has a 52-week low of $5.57 and a 52-week high of $13.38. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.55. The company has a market cap of $1.55 billion, a PE ratio of 8.30, a PEG ratio of 0.77 and a beta of 1.50.

Callon Petroleum (NYSE:CPE) last released its quarterly earnings results on Tuesday, February 26th. The oil and natural gas company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.05). Callon Petroleum had a net margin of 36.70% and a return on equity of 7.55%. The firm had revenue of $161.90 million for the quarter, compared to analyst estimates of $164.50 million. Equities research analysts anticipate that Callon Petroleum will post 0.92 EPS 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 and southeastern New Mexico. As of December 31, 2018, its estimated net proved reserves totaled 238.5 million barrel of oil equivalent, including 180.1 MMBbls of oil and 350.5 Bcf of natural gas.

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

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