New Mexico Educational Retirement Board Lowers Position in Callon Petroleum (CPE)

New Mexico Educational Retirement Board lessened its stake in Callon Petroleum (NYSE:CPE) by 12.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,000 shares of the oil and natural gas company’s stock after selling 6,500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Callon Petroleum were worth $299,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Callon Petroleum by 2.9% in the 3rd quarter. BlackRock Inc. now owns 25,561,708 shares of the oil and natural gas company’s stock worth $306,486,000 after purchasing an additional 731,444 shares during the period. Vanguard Group Inc. grew its stake in Callon Petroleum by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 20,395,498 shares of the oil and natural gas company’s stock valued at $244,542,000 after buying an additional 615,053 shares in the last quarter. Vanguard Group Inc grew its stake in Callon Petroleum by 3.1% in the 3rd quarter. Vanguard Group Inc now owns 20,395,498 shares of the oil and natural gas company’s stock valued at $244,542,000 after buying an additional 615,053 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Callon Petroleum by 4.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 18,044,276 shares of the oil and natural gas company’s stock valued at $216,351,000 after buying an additional 782,833 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Callon Petroleum by 21.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,187,203 shares of the oil and natural gas company’s stock valued at $66,452,000 after buying an additional 1,095,098 shares in the last quarter.

A number of research analysts recently weighed in on CPE shares. Tudor Pickering lowered shares of Callon Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, December 14th. Zacks Investment Research lowered shares of Callon Petroleum from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 24th. Credit Suisse Group upgraded shares of Callon Petroleum from a “neutral” rating to an “outperform” rating and set a $14.00 price objective for the company in a research note on Monday, November 12th. Capital One Financial lowered shares of Callon Petroleum from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 20th. Finally, Cowen started coverage on shares of Callon Petroleum in a research note on Thursday, November 29th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $15.00.

CPE opened at $8.08 on Tuesday. The firm has a market cap of $1.82 billion, a PE ratio of 19.24, a PEG ratio of 0.25 and a beta of 1.54. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.46. Callon Petroleum has a one year low of $5.57 and a one year high of $14.65.

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Callon Petroleum Profile

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. As of December 31, 2017, its estimated net proved reserves totaled 137.0 million barrel of oil equivalent.

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

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