Viking Fund Management LLC decreased its holdings in Callon Petroleum (NYSE:CPE) by 12.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 950,000 shares of the oil and natural gas company’s stock after selling 140,000 shares during the quarter. Callon Petroleum accounts for approximately 1.9% of Viking Fund Management LLC’s investment portfolio, making the stock its 18th largest holding. Viking Fund Management LLC’s holdings in Callon Petroleum were worth $11,543,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPE. Schwab Charles Investment Management Inc. raised its holdings in 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 valued at $9,368,000 after buying an additional 49,245 shares during the period. Legal & General Group Plc raised its stake in shares of Callon Petroleum by 6.7% during the second quarter. Legal & General Group Plc now owns 72,713 shares of the oil and natural gas company’s stock valued at $768,000 after purchasing an additional 4,541 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Callon Petroleum by 386.0% during the second quarter. BNP Paribas Arbitrage SA now owns 25,022 shares of the oil and natural gas company’s stock valued at $265,000 after purchasing an additional 19,873 shares during the period. Prudential Financial Inc. raised its stake in shares of Callon Petroleum by 10.7% during the second quarter. Prudential Financial Inc. now owns 19,365 shares of the oil and natural gas company’s stock valued at $205,000 after purchasing an additional 1,870 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in shares of Callon Petroleum by 24.1% during the second quarter. Neuberger Berman Group LLC now owns 30,405 shares of the oil and natural gas company’s stock valued at $323,000 after purchasing an additional 5,913 shares during the period.

A number of research firms have recently issued reports on CPE. Northland Securities set a $16.00 price objective on shares of Callon Petroleum and gave the company a “buy” rating in a research note on Monday, December 11th. Jefferies Group began coverage on shares of Callon Petroleum in a research note on Monday, October 9th. They set a “buy” rating and a $16.00 price objective on the stock. Credit Suisse Group began coverage on shares of Callon Petroleum in a research note on Monday, December 11th. They set a “neutral” rating and a $12.00 price objective on the stock. Piper Jaffray Companies began coverage on shares of Callon Petroleum in a research note on Thursday, January 4th. They set an “overweight” rating and a $15.00 price objective on the stock. Finally, BMO Capital Markets set a $15.00 price objective on shares of Callon Petroleum and gave the company a “buy” rating in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $16.70.

Shares of Callon Petroleum (NYSE:CPE) traded up $0.14 during trading hours on Friday, hitting $12.56. 2,200,000 shares of the company were exchanged, compared to its average volume of 4,210,000. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2,530.00, a price-to-earnings ratio of 29.21 and a beta of 1.32. Callon Petroleum has a fifty-two week low of $9.34 and a fifty-two week high of $15.81.

Callon Petroleum (NYSE:CPE) last released its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The business had revenue of $84.60 million during the quarter, compared to analyst estimates of $81.98 million. Callon Petroleum had a return on equity of 4.05% and a net margin of 30.20%. The business’s revenue for the quarter was up 51.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. analysts forecast that Callon Petroleum will post 0.4 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.watchlistnews.com/viking-fund-management-llc-cuts-position-in-callon-petroleum-cpe/1814356.html.

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.

Want to see what other hedge funds are holding CPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Callon Petroleum (NYSE:CPE).

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

Receive News & Ratings for Callon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.