Advisor Partners LLC Invests $46,000 in Callon Petroleum (NYSE:CPE)

Advisor Partners LLC acquired a new position in shares of Callon Petroleum (NYSE:CPE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,589 shares of the oil and natural gas company’s stock, valued at approximately $46,000.

Several other hedge funds also recently made changes to their positions in CPE. First National Bank of Omaha raised its holdings in shares of Callon Petroleum by 11.6% during the 2nd quarter. First National Bank of Omaha now owns 181,403 shares of the oil and natural gas company’s stock valued at $1,195,000 after purchasing an additional 18,839 shares in the last quarter. Tributary Capital Management LLC raised its holdings in shares of Callon Petroleum by 6.7% during the 2nd quarter. Tributary Capital Management LLC now owns 2,238,659 shares of the oil and natural gas company’s stock valued at $14,753,000 after purchasing an additional 140,613 shares in the last quarter. CWM Advisors LLC raised its holdings in shares of Callon Petroleum by 29.3% during the 2nd quarter. CWM Advisors LLC now owns 26,455 shares of the oil and natural gas company’s stock valued at $174,000 after purchasing an additional 5,995 shares in the last quarter. Moody Aldrich Partners LLC raised its holdings in shares of Callon Petroleum by 52.9% during the 2nd quarter. Moody Aldrich Partners LLC now owns 576,267 shares of the oil and natural gas company’s stock valued at $3,798,000 after purchasing an additional 199,346 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Callon Petroleum by 0.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 540,255 shares of the oil and natural gas company’s stock valued at $3,560,000 after purchasing an additional 2,323 shares in the last quarter.

NYSE:CPE opened at $3.81 on Wednesday. Callon Petroleum has a 1 year low of $3.68 and a 1 year high of $11.47. The firm’s fifty day simple moving average is $4.22 and its 200 day simple moving average is $5.78. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $872.43 million, a PE ratio of 4.65, a PEG ratio of 0.48 and a beta of 1.42.

Callon Petroleum (NYSE:CPE) last posted its earnings results on Tuesday, August 6th. The oil and natural gas company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. Callon Petroleum had a net margin of 35.72% and a return on equity of 7.57%. The business had revenue of $167.05 million for the quarter, compared to analyst estimates of $163.05 million. During the same period last year, the business posted $0.23 EPS. Callon Petroleum’s revenue was up 21.9% compared to the same quarter last year. As a group, analysts anticipate that Callon Petroleum will post 0.72 EPS for the current fiscal year.

A number of research analysts have recently weighed in on the stock. Northland Securities restated a “buy” rating and set a $10.00 price target on shares of Callon Petroleum in a report on Wednesday, August 7th. Williams Capital cut their price target on shares of Callon Petroleum from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, July 16th. Morgan Stanley cut their price target on shares of Callon Petroleum from $6.25 to $4.75 and set an “equal weight” rating on the stock in a report on Friday, October 4th. Citigroup cut their price target on shares of Callon Petroleum from $10.00 to $8.50 and set a “buy” rating on the stock in a report on Monday, September 23rd. Finally, Barclays cut their price target on shares of Callon Petroleum from $9.00 to $6.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $10.83.

Callon Petroleum Company 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 and southeastern New Mexico. As of December 31, 2018, its estimated net proved reserves totaled 238.5 million barrel of oil equivalent, including 180.1 MMBbls of oil and 350.5 Bcf of natural gas.

Read More: Dollar Cost Averaging

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.