Callon Petroleum (CPE) Holdings Increased by PNC Financial Services Group Inc.

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PNC Financial Services Group Inc. raised its position in shares of Callon Petroleum (NYSE:CPE) by 25.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 40,835 shares of the oil and natural gas company’s stock after acquiring an additional 8,267 shares during the period. PNC Financial Services Group Inc.’s holdings in Callon Petroleum were worth $265,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CPE. Arizona State Retirement System grew its holdings in shares of Callon Petroleum by 1.1% during the 4th quarter. Arizona State Retirement System now owns 163,344 shares of the oil and natural gas company’s stock valued at $1,060,000 after acquiring an additional 1,759 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Callon Petroleum by 1.0% during the 3rd quarter. Legal & General Group Plc now owns 219,496 shares of the oil and natural gas company’s stock valued at $2,632,000 after acquiring an additional 2,231 shares in the last quarter. AMI Asset Management Corp grew its holdings in shares of Callon Petroleum by 0.5% during the 4th quarter. AMI Asset Management Corp now owns 460,701 shares of the oil and natural gas company’s stock valued at $2,990,000 after acquiring an additional 2,467 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Callon Petroleum by 3.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 90,095 shares of the oil and natural gas company’s stock valued at $585,000 after acquiring an additional 2,946 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Callon Petroleum by 23.1% during the 4th quarter. Cerity Partners LLC now owns 19,600 shares of the oil and natural gas company’s stock valued at $127,000 after acquiring an additional 3,678 shares in the last quarter.

CPE has been the topic of several research analyst reports. Tudor Pickering cut shares of Callon Petroleum from a “buy” rating to a “hold” rating in a report on Friday, December 14th. Zacks Investment Research cut shares of Callon Petroleum from a “hold” rating to a “strong sell” rating in a report on Thursday, January 24th. Capital One Financial upgraded shares of Callon Petroleum from an “equal weight” rating to an “overweight” rating in a report on Wednesday, January 9th. Barclays cut shares of Callon Petroleum from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $14.00 to $10.00 in a report on Wednesday, January 16th. Finally, Cowen initiated coverage on shares of Callon Petroleum in a report on Thursday, November 29th. They set an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $14.29.

Shares of NYSE:CPE opened at $7.46 on Friday. The firm has a market capitalization of $1.70 billion, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 0.77 and a beta of 1.54. Callon Petroleum has a 1 year low of $5.57 and a 1 year high of $14.65. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.71 and a quick ratio of 0.71.

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About Callon Petroleum

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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