Legal & General Group Plc Grows Holdings in Callon Petroleum (CPE)

Legal & General Group Plc increased its stake in Callon Petroleum (NYSE:CPE) by 139.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,793 shares of the oil and natural gas company’s stock after purchasing an additional 101,080 shares during the quarter. Legal & General Group Plc owned 0.09% of Callon Petroleum worth $1,948,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CPE. FMR LLC boosted its stake in shares of Callon Petroleum by 6.2% during the 2nd quarter. FMR LLC now owns 16,132,114 shares of the oil and natural gas company’s stock worth $171,162,000 after acquiring an additional 934,847 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Callon Petroleum by 7.0% during the 2nd quarter. BlackRock Inc. now owns 12,953,769 shares of the oil and natural gas company’s stock worth $137,439,000 after acquiring an additional 851,876 shares during the last quarter. State Street Corp raised its position in shares of Callon Petroleum by 11.4% during the 2nd quarter. State Street Corp now owns 7,845,502 shares of the oil and natural gas company’s stock valued at $83,244,000 after purchasing an additional 802,785 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Callon Petroleum by 1.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 7,426,037 shares of the oil and natural gas company’s stock valued at $78,790,000 after purchasing an additional 92,434 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Callon Petroleum by 180.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,185,506 shares of the oil and natural gas company’s stock valued at $76,238,000 after purchasing an additional 4,622,758 shares during the period.

Shares of Callon Petroleum (CPE) opened at $12.91 on Friday. Callon Petroleum has a fifty-two week low of $9.34 and a fifty-two week high of $15.81. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.32. The firm has a market cap of $2,587.54, a PE ratio of 29.34 and a beta of 1.32.

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

Several analysts have recently commented on CPE shares. Northland Securities restated a “buy” rating and set a $18.00 price objective on shares of Callon Petroleum in a research report on Wednesday, November 1st. BMO Capital Markets set a $15.00 price objective on shares of Callon Petroleum and gave the company a “buy” rating in a research report on Tuesday, November 14th. Mizuho upgraded shares of Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Tuesday, November 21st. Piper Jaffray Companies began coverage on shares of Callon Petroleum in a research report on Thursday, January 4th. They set an “overweight” rating and a $15.00 price objective on the stock. Finally, Citigroup downgraded shares of Callon Petroleum from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $16.65.

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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.

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

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