Assetmark Inc. increased its position in shares of Callon Petroleum Co. (NYSE:CPE) by 30,901.2% during the third quarter, Holdings Channel reports. The fund owned 51,772 shares of the company’s stock after buying an additional 51,605 shares during the period. Assetmark Inc.’s holdings in Callon Petroleum were worth $813,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in CPE. Meeder Asset Management Inc. raised its stake in Callon Petroleum by 593.3% in the third quarter. Meeder Asset Management Inc. now owns 7,592 shares of the company’s stock worth $119,000 after buying an additional 6,497 shares during the last quarter. Sei Investments Co. raised its stake in Callon Petroleum by 607.0% in the third quarter. Sei Investments Co. now owns 8,321 shares of the company’s stock worth $131,000 after buying an additional 7,144 shares during the last quarter. US Bancorp DE raised its stake in Callon Petroleum by 40.4% in the second quarter. US Bancorp DE now owns 9,489 shares of the company’s stock worth $107,000 after buying an additional 2,730 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Callon Petroleum during the second quarter worth approximately $115,000. Finally, BNP Paribas Arbitrage SA raised its stake in Callon Petroleum by 119.1% in the third quarter. BNP Paribas Arbitrage SA now owns 10,301 shares of the company’s stock worth $162,000 after buying an additional 5,600 shares during the last quarter.
Shares of Callon Petroleum Co. (NYSE:CPE) traded down 1.84% during trading on Monday, hitting $15.99. The company had a trading volume of 2,275,041 shares. The firm’s 50 day moving average is $14.57 and its 200-day moving average is $13.16. Callon Petroleum Co. has a 52 week low of $4.21 and a 52 week high of $17.05. The stock’s market capitalization is $2.58 billion.
Callon Petroleum (NYSE:CPE) last posted its earnings results on Wednesday, November 2nd. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $55.90 million for the quarter, compared to the consensus estimate of $45.48 million. Callon Petroleum had a positive return on equity of 4.44% and a negative net margin of 122.93%. The firm’s revenue for the quarter was up 63.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.05 earnings per share. Equities research analysts anticipate that Callon Petroleum Co. will post $0.28 EPS for the current fiscal year.
A number of research firms recently commented on CPE. Deutsche Bank AG began coverage on Callon Petroleum in a research report on Monday. They issued a “buy” rating and a $19.00 price target for the company. Roth Capital set a $16.00 price objective on Callon Petroleum and gave the company a “buy” rating in a research note on Wednesday, September 7th. Citigroup Inc. upped their price objective on Callon Petroleum from $12.50 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, August 11th. RBC Capital Markets upgraded Callon Petroleum from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $15.00 to $18.00 in a research note on Thursday, September 8th. They noted that the move was a valuation call. Finally, Imperial Capital restated an “outperform” rating and issued a $16.00 price objective (up previously from $14.00) on shares of Callon Petroleum in a research note on Wednesday, August 10th. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $16.08.
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.