Oppenheimer Asset Management Inc. Acquires 13,551 Shares of Callon Petroleum Company (CPE)

Oppenheimer Asset Management Inc. raised its holdings in Callon Petroleum Company (NYSE:CPE) by 21.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,804 shares of the oil and natural gas company’s stock after purchasing an additional 13,551 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Callon Petroleum were worth $804,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPE. BlackRock Inc. boosted its holdings in Callon Petroleum by 96,684.2% in the 1st quarter. BlackRock Inc. now owns 12,101,893 shares of the oil and natural gas company’s stock valued at $159,259,000 after purchasing an additional 12,089,389 shares during the period. Wellington Management Group LLP boosted its holdings in Callon Petroleum by 29.0% in the 1st quarter. Wellington Management Group LLP now owns 21,117,124 shares of the oil and natural gas company’s stock valued at $277,902,000 after purchasing an additional 4,749,928 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Callon Petroleum by 56.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,333,603 shares of the oil and natural gas company’s stock valued at $96,510,000 after purchasing an additional 2,642,192 shares during the period. Caymus Capital Partners L.P. boosted its holdings in Callon Petroleum by 81.5% in the 2nd quarter. Caymus Capital Partners L.P. now owns 4,863,500 shares of the oil and natural gas company’s stock valued at $51,602,000 after purchasing an additional 2,184,500 shares during the period. Finally, FMR LLC boosted its holdings in Callon Petroleum by 15.7% in the 1st quarter. FMR LLC now owns 15,197,267 shares of the oil and natural gas company’s stock valued at $199,996,000 after purchasing an additional 2,067,650 shares during the period.

A number of analysts have issued reports on CPE shares. Citigroup Inc. cut their price objective on shares of Callon Petroleum from $15.00 to $14.00 and set a “buy” rating for the company in a report on Friday, July 21st. Royal Bank Of Canada set a $16.00 price objective on shares of Callon Petroleum and gave the company a “buy” rating in a report on Thursday, August 24th. ValuEngine raised shares of Callon Petroleum from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded shares of Callon Petroleum from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Finally, Roth Capital set a $23.00 price objective on shares of Callon Petroleum and gave the company a “buy” rating in a report on Friday, May 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $17.54.

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Callon Petroleum Company (NYSE:CPE) opened at 10.47 on Wednesday. The company has a market cap of $2.11 billion, a P/E ratio of 19.94 and a beta of 1.44. Callon Petroleum Company has a 52 week low of $9.34 and a 52 week high of $18.53. The company has a 50-day moving average of $10.44 and a 200 day moving average of $11.39.

Callon Petroleum (NYSE:CPE) last announced its earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). Callon Petroleum had a net margin of 34.61% and a return on equity of 4.16%. The company had revenue of $82.30 million for the quarter, compared to the consensus estimate of $83.89 million. During the same quarter in the previous year, the firm earned ($0.61) earnings per share. The company’s revenue for the quarter was up 82.5% compared to the same quarter last year. On average, equities analysts forecast that Callon Petroleum Company will post $0.50 EPS for the current fiscal year.

About Callon Petroleum

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. The Company focuses on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin.

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

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