Franklin Resources Inc. Sells 34,800 Shares of Callon Petroleum (CPE)

Franklin Resources Inc. cut its stake in shares of Callon Petroleum (NYSE:CPE) by 3.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 873,820 shares of the oil and natural gas company’s stock after selling 34,800 shares during the period. Franklin Resources Inc. owned approximately 0.43% of Callon Petroleum worth $10,617,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CPE. Zions Bancorporation acquired a new position in Callon Petroleum during the 3rd quarter worth approximately $105,000. BB&T Securities LLC acquired a new position in Callon Petroleum during the 3rd quarter worth approximately $112,000. Teachers Retirement System of The State of Kentucky acquired a new position in Callon Petroleum during the 3rd quarter worth approximately $141,000. Crossmark Global Holdings Inc. acquired a new position in Callon Petroleum during the 3rd quarter worth approximately $142,000. Finally, Virtu Financial LLC acquired a new position in Callon Petroleum during the 4th quarter worth approximately $151,000.

How to Become a New Pot Stock Millionaire

Shares of Callon Petroleum (CPE) opened at $12.03 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33. Callon Petroleum has a twelve month low of $9.34 and a twelve month high of $13.92. The stock has a market capitalization of $2,429.33, a P/E ratio of 27.98 and a beta of 1.19.

Callon Petroleum (NYSE:CPE) last issued its quarterly earnings results on Tuesday, February 27th. The oil and natural gas company reported $0.15 earnings per share 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 business had revenue of $118.21 million during the quarter, compared to the consensus estimate of $109.95 million. equities analysts anticipate that Callon Petroleum will post 0.87 earnings per share for the current fiscal year.

Several equities analysts recently commented on CPE shares. Credit Suisse Group started coverage on Callon Petroleum in a research report on Monday, December 11th. They set a “neutral” rating and a $12.00 price target on the stock. Northland Securities set a $16.00 price target on Callon Petroleum and gave the stock a “buy” rating in a research report on Monday, December 11th. Piper Jaffray Companies started coverage on Callon Petroleum in a research report on Thursday, January 4th. They set an “overweight” rating and a $15.00 price target on the stock. Citigroup lowered Callon Petroleum from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research lowered Callon Petroleum from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $16.45.

TRADEMARK VIOLATION WARNING: This piece of content was originally posted by Ticker Report and is owned by of Ticker Report. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3301480/franklin-resources-inc-sells-34800-shares-of-callon-petroleum-cpe.html.

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.

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.

Latest News

Zacks: Brokerages Expect Apple  to Post $2.69 Earnings Per Share
Zacks: Brokerages Expect Apple to Post $2.69 Earnings Per Share
$0.26 EPS Expected for MoneyGram International Inc  This Quarter
$0.26 EPS Expected for MoneyGram International Inc This Quarter
Analyzing Target  & Its Competitors
Analyzing Target & Its Competitors
Critical Comparison: Ascena Retail Group  vs. Vince
Critical Comparison: Ascena Retail Group vs. Vince
Head to Head Survey: H.B. Fuller  and CSW Industrials
Head to Head Survey: H.B. Fuller and CSW Industrials
Senderon  Price Hits $0.0098 on Major Exchanges
Senderon Price Hits $0.0098 on Major Exchanges


© 2006-2018 Ticker Report. Google+.