Callon Petroleum (CPE) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lifted its position in Callon Petroleum (NYSE:CPE) by 244.8% during the fourth quarter, Holdings Channel reports. The fund owned 43,100 shares of the oil and natural gas company’s stock after acquiring an additional 30,600 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Callon Petroleum were worth $524,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Brown Advisory Inc. boosted its stake in shares of Callon Petroleum by 12.7% in the third quarter. Brown Advisory Inc. now owns 38,442 shares of the oil and natural gas company’s stock worth $432,000 after acquiring an additional 4,334 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Callon Petroleum by 23.0% in the third quarter. Advisor Group Inc. now owns 23,226 shares of the oil and natural gas company’s stock worth $261,000 after acquiring an additional 4,339 shares during the last quarter. Texas Permanent School Fund boosted its stake in shares of Callon Petroleum by 3.4% in the fourth quarter. Texas Permanent School Fund now owns 136,434 shares of the oil and natural gas company’s stock worth $1,658,000 after acquiring an additional 4,465 shares during the last quarter. Green Square Capital LLC boosted its stake in shares of Callon Petroleum by 34.0% in the third quarter. Green Square Capital LLC now owns 20,095 shares of the oil and natural gas company’s stock worth $226,000 after acquiring an additional 5,095 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in shares of Callon Petroleum by 7.8% in the fourth quarter. Aperio Group LLC now owns 77,418 shares of the oil and natural gas company’s stock worth $941,000 after acquiring an additional 5,625 shares during the last quarter.

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Shares of CPE stock opened at $12.03 on Friday. Callon Petroleum has a 1 year low of $9.34 and a 1 year high of $13.92. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $2,457.60, a price-to-earnings ratio of 28.30 and a beta of 1.19.

Callon Petroleum (NYSE:CPE) last posted its earnings results on Tuesday, February 27th. The oil and natural gas company reported $0.15 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.15. Callon Petroleum had a return on equity of 5.02% and a net margin of 32.86%. The company had revenue of $118.21 million for the quarter, compared to the consensus estimate of $109.95 million. equities research analysts expect that Callon Petroleum will post 0.85 EPS for the current fiscal year.

A number of brokerages have recently issued reports on CPE. ValuEngine raised Callon Petroleum from a “sell” rating to a “hold” rating in a research note on Tuesday. Jefferies Group set a $18.00 price target on Callon Petroleum and gave the stock a “buy” rating in a research note on Wednesday, March 14th. Piper Jaffray Companies reiterated a “buy” rating and set a $16.00 price objective on shares of Callon Petroleum in a research report on Thursday, March 15th. B. Riley set a $12.00 price objective on Callon Petroleum and gave the stock a “hold” rating in a research report on Friday, March 9th. Finally, Imperial Capital reiterated an “outperform” rating and set a $21.00 price objective (up previously from $17.00) on shares of Callon Petroleum in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $16.45.

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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.

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

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