Trade Report: The Capital Fund Management S.A. Takes Position in Callon Petroleum Co. (CPE)

The Capital Fund Management S.A. Takes Position in Callon Petroleum Co. (CPE)

Capital Fund Management S.A. bought a new position in Callon Petroleum Co. (NYSE:CPE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,320 shares of the company’s stock, valued at approximately $116,000.

A number of other large investors have also recently added to or reduced their stakes in CPE. Teachers Advisors Inc. boosted its stake in Callon Petroleum by 14.7% in the first quarter. Teachers Advisors Inc. now owns 1,539,780 shares of the company’s stock worth $13,627,000 after buying an additional 197,700 shares during the last quarter. Franklin Resources Inc. boosted its stake in Callon Petroleum by 12.4% in the first quarter. Franklin Resources Inc. now owns 4,717,958 shares of the company’s stock worth $41,754,000 after buying an additional 521,111 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Callon Petroleum by 17.1% in the first quarter. BlackRock Fund Advisors now owns 2,456,320 shares of the company’s stock worth $21,738,000 after buying an additional 358,241 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Callon Petroleum by 25.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,389,730 shares of the company’s stock worth $21,149,000 after buying an additional 485,848 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Callon Petroleum by 2.7% in the first quarter. JPMorgan Chase & Co. now owns 1,272,170 shares of the company’s stock worth $11,258,000 after buying an additional 33,575 shares during the last quarter. Institutional investors own 82.28% of the company’s stock.

Callon Petroleum Co. (NYSE:CPE) traded down 1.97% during mid-day trading on Monday, hitting $14.90. The company had a trading volume of 3,268,346 shares. The company’s market capitalization is $1.95 billion. The company has a 50-day moving average price of $14.96 and a 200 day moving average price of $12.25. Callon Petroleum Co. has a 52-week low of $4.21 and a 52-week high of $16.36.

Callon Petroleum (NYSE:CPE) last issued its earnings results on Monday, August 8th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.65. The company earned $45.14 million during the quarter, compared to analysts’ expectations of $47.75 million. Callon Petroleum had a negative net margin of 233.91% and a positive return on equity of 3.77%. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.11) earnings per share. On average, analysts forecast that Callon Petroleum Co. will post $0.26 EPS for the current fiscal year.

A number of equities research analysts have commented on CPE shares. Citigroup Inc. started coverage on shares of Callon Petroleum in a research note on Wednesday, June 29th. They set a “neutral” rating and a $12.00 target price on the stock. Zacks Investment Research upgraded shares of Callon Petroleum from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Wednesday, June 29th. KLR Group initiated coverage on shares of Callon Petroleum in a research note on Monday, July 11th. They set a “buy” rating and a $17.00 target price on the stock. Roth Capital reaffirmed a “buy” rating on shares of Callon Petroleum in a report on Tuesday, July 12th. Finally, FBR & Co increased their price objective on shares of Callon Petroleum from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Callon Petroleum presently has an average rating of “Buy” and a consensus target price of $15.58.

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. It focuses on unconventional, onshore, oil and natural gas reserves in the Permian Basin in West Texas and the Midland Basin.

Related posts

Leave a Comment