US Bancorp DE Boosts Position in Callon Petroleum Company (CPE)
US Bancorp DE raised its stake in shares of Callon Petroleum Company (NYSE:CPE) by 10.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,595 shares of the oil and natural gas company’s stock after buying an additional 7,441 shares during the period. US Bancorp DE’s holdings in Callon Petroleum were worth $866,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of CPE. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Callon Petroleum by 86.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,389 shares of the oil and natural gas company’s stock valued at $110,000 after buying an additional 3,896 shares during the period. Strs Ohio raised its stake in Callon Petroleum by 6.5% in the first quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock valued at $128,000 after buying an additional 600 shares during the period. Green Square Capital LLC acquired a new stake in Callon Petroleum during the first quarter valued at about $132,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Callon Petroleum during the first quarter valued at about $143,000. Finally, M&T Bank Corp raised its stake 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 buying an additional 2,203 shares during the period.
Shares of Callon Petroleum Company (CPE) traded down 1.097% during midday trading on Friday, hitting $10.365. 1,145,664 shares of the stock were exchanged. The firm has a 50-day moving average of $10.72 and a 200-day moving average of $12.11. The company has a market capitalization of $2.09 billion, a P/E ratio of 19.743 and a beta of 1.44. Callon Petroleum Company has a 1-year low of $9.63 and a 1-year high of $18.53.
Callon Petroleum (NYSE:CPE) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $83.89 million. During the same quarter in the prior year, the firm posted ($0.61) EPS. The company’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 EPS for the current year.
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CPE has been the topic of several research reports. Roth Capital set a $23.00 price target on shares of Callon Petroleum and gave the company a “buy” rating in a research report on Friday, May 26th. Scotiabank reaffirmed a “buy” rating and set a $18.00 target price on shares of Callon Petroleum in a report on Monday, May 15th. BMO Capital Markets set a $16.00 target price on shares of Callon Petroleum and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Echelon Wealth Partners raised shares of Callon Petroleum to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, April 13th. Finally, EuroPacific Canada raised shares of Callon Petroleum from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, April 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target 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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