Callon Petroleum (CPE) Stake Boosted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its position in shares of Callon Petroleum (NYSE:CPE) by 15.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 580,532 shares of the oil and natural gas company’s stock after purchasing an additional 78,047 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Callon Petroleum were worth $6,961,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of Callon Petroleum by 2.7% in the first quarter. Principal Financial Group Inc. now owns 875,735 shares of the oil and natural gas company’s stock valued at $11,594,000 after buying an additional 23,399 shares in the last quarter. Texas Permanent School Fund increased its position in shares of Callon Petroleum by 8.3% in the second quarter. Texas Permanent School Fund now owns 144,700 shares of the oil and natural gas company’s stock valued at $1,554,000 after buying an additional 11,082 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Callon Petroleum by 196.1% in the second quarter. Janney Montgomery Scott LLC now owns 43,742 shares of the oil and natural gas company’s stock valued at $470,000 after buying an additional 28,970 shares in the last quarter. Dupont Capital Management Corp increased its position in shares of Callon Petroleum by 50.3% in the second quarter. Dupont Capital Management Corp now owns 29,163 shares of the oil and natural gas company’s stock valued at $313,000 after buying an additional 9,756 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Callon Petroleum in the second quarter valued at approximately $493,000.

CPE has been the subject of a number of recent analyst reports. ValuEngine upgraded Callon Petroleum from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Piper Jaffray Companies restated a “buy” rating and issued a $20.00 price objective on shares of Callon Petroleum in a research report on Sunday, August 12th. KLR Group restated a “buy” rating and issued a $16.00 price objective on shares of Callon Petroleum in a research report on Monday, August 20th. Barclays initiated coverage on Callon Petroleum in a research report on Wednesday, August 29th. They issued an “overweight” rating and a $14.00 price objective for the company. Finally, TheStreet upgraded Callon Petroleum from a “c+” rating to a “b-” rating in a research report on Monday, September 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $16.00.

Shares of CPE opened at $8.50 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.57 and a quick ratio of 0.57. Callon Petroleum has a one year low of $8.48 and a one year high of $14.65. The company has a market cap of $1.93 billion, a P/E ratio of 20.24 and a beta of 1.05.

Callon Petroleum (NYSE:CPE) last issued its quarterly earnings results on Tuesday, November 6th. The oil and natural gas company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. Callon Petroleum had a return on equity of 8.31% and a net margin of 30.70%. The firm had revenue of $161.21 million during the quarter, compared to analysts’ expectations of $145.66 million. During the same period in the previous year, the business earned $0.09 earnings per share. The firm’s revenue for the quarter was up 90.5% on a year-over-year basis. As a group, equities analysts predict that Callon Petroleum will post 0.88 EPS for the current year.

In other Callon Petroleum news, VP Mitzi P. Conn sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $11.76, for a total transaction of $176,400.00. Following the transaction, the vice president now owns 42,062 shares of the company’s stock, valued at $494,649.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.82% of the stock is currently owned by insiders.

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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. 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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