Renaissance Technologies LLC Invests $10.29 Million in Callon Petroleum (CPE)

Renaissance Technologies LLC purchased a new stake in Callon Petroleum (NYSE:CPE) during the fourth quarter, Holdings Channel reports. The firm purchased 846,988 shares of the oil and natural gas company’s stock, valued at approximately $10,291,000.

Several other institutional investors have also bought and sold shares of the stock. 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 valued at $432,000 after buying an additional 4,334 shares in 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 valued at $1,658,000 after buying an additional 4,465 shares in 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 valued at $226,000 after buying an additional 5,095 shares in the last quarter. 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 valued at $941,000 after buying an additional 5,625 shares in the last quarter. Finally, ING Groep NV boosted its stake in shares of Callon Petroleum by 23.7% in the fourth quarter. ING Groep NV now owns 30,455 shares of the oil and natural gas company’s stock valued at $370,000 after buying an additional 5,833 shares in the last quarter.

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Several brokerages recently issued reports on CPE. Northland Securities set a $16.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a report on Monday, December 11th. SunTrust Banks reaffirmed a “buy” rating and set a $16.00 price objective on shares of Callon Petroleum in a report on Tuesday, February 6th. Zacks Investment Research cut Callon Petroleum from a “hold” rating to a “sell” rating in a report on Monday, February 5th. Jefferies Group set a $18.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a report on Wednesday, March 14th. Finally, ValuEngine raised Callon Petroleum from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.41.

NYSE CPE opened at $12.00 on Friday. Callon Petroleum has a fifty-two week low of $9.34 and a fifty-two week high of $13.73. The firm has a market capitalization of $2,516.17, a PE ratio of 28.98 and a beta of 1.19. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.33.

Callon Petroleum (NYSE:CPE) last released its quarterly earnings results on Tuesday, February 27th. The oil and natural gas company reported $0.15 earnings per share for the quarter, hitting 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 during the quarter, compared to analysts’ expectations of $109.95 million. research analysts predict that Callon Petroleum will post 0.88 earnings per share for the current fiscal year.

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Callon Petroleum Company Profile

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional onshore, oil, and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2017, its estimated net proved reserves totaled 137.0 million barrel of oil equivalent.

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

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