Callon Petroleum (NYSE:CPE) Shares Sold by Cramer Rosenthal Mcglynn LLC

Share on StockTwits

Cramer Rosenthal Mcglynn LLC trimmed its stake in shares of Callon Petroleum (NYSE:CPE) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,448,681 shares of the oil and natural gas company’s stock after selling 117,665 shares during the period. Cramer Rosenthal Mcglynn LLC owned about 1.95% of Callon Petroleum worth $29,317,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mason Street Advisors LLC lifted its position in shares of Callon Petroleum by 1.7% in the first quarter. Mason Street Advisors LLC now owns 121,178 shares of the oil and natural gas company’s stock valued at $915,000 after acquiring an additional 1,971 shares in the last quarter. Neuburgh Advisers LLC grew its stake in shares of Callon Petroleum by 6.4% in the second quarter. Neuburgh Advisers LLC now owns 36,916 shares of the oil and natural gas company’s stock valued at $243,000 after buying an additional 2,222 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Callon Petroleum by 0.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 540,255 shares of the oil and natural gas company’s stock valued at $3,560,000 after buying an additional 2,323 shares in the last quarter. Nikko Asset Management Americas Inc. grew its stake in shares of Callon Petroleum by 0.4% in the second quarter. Nikko Asset Management Americas Inc. now owns 540,255 shares of the oil and natural gas company’s stock valued at $3,560,000 after buying an additional 2,323 shares in the last quarter. Finally, Riverhead Capital Management LLC grew its stake in shares of Callon Petroleum by 6.6% in the second quarter. Riverhead Capital Management LLC now owns 42,000 shares of the oil and natural gas company’s stock valued at $277,000 after buying an additional 2,600 shares in the last quarter.

Several analysts have recently weighed in on the company. Morgan Stanley set a $8.00 target price on Callon Petroleum and gave the company a “hold” rating in a report on Monday, June 24th. Northland Securities restated a “buy” rating and issued a $10.00 price objective on shares of Callon Petroleum in a report on Wednesday, August 7th. Capital One Financial upgraded shares of Callon Petroleum from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 23rd. Jefferies Financial Group lowered shares of Callon Petroleum from a “buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a report on Monday, July 15th. Finally, Williams Capital cut their price objective on shares of Callon Petroleum from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $11.47.

Shares of NYSE CPE traded up $0.07 during mid-day trading on Friday, reaching $4.43. 87,051 shares of the company were exchanged, compared to its average volume of 15,312,507. The company’s 50-day simple moving average is $4.49 and its 200-day simple moving average is $6.42. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $1.08 billion, a P/E ratio of 5.42, a P/E/G ratio of 0.58 and a beta of 1.46. Callon Petroleum has a twelve month low of $3.75 and a twelve month high of $13.09.

Callon Petroleum (NYSE:CPE) last posted its earnings results on Tuesday, August 6th. The oil and natural gas company reported $0.18 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.18. The firm had revenue of $167.05 million for the quarter, compared to analyst estimates of $163.05 million. Callon Petroleum had a net margin of 35.72% and a return on equity of 7.57%. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. As a group, equities research analysts expect that Callon Petroleum will post 0.75 EPS for the current year.

Callon Petroleum 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 and southeastern New Mexico. As of December 31, 2018, its estimated net proved reserves totaled 238.5 million barrel of oil equivalent, including 180.1 MMBbls of oil and 350.5 Bcf of natural gas.

Further Reading: What does a hold rating mean?

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

NXT-ID  Given Hold Rating at Maxim Group
NXT-ID Given Hold Rating at Maxim Group
Orchard Therapeutics  Stock Rating Lowered by Zacks Investment Research
Orchard Therapeutics Stock Rating Lowered by Zacks Investment Research
Premier Financial Bancorp  Rating Increased to Hold at BidaskClub
Premier Financial Bancorp Rating Increased to Hold at BidaskClub
Oppenheimer Begins Coverage on Papa John’s Int’l
Oppenheimer Begins Coverage on Papa John’s Int’l
Ritter Pharmaceuticals  Downgraded by ValuEngine
Ritter Pharmaceuticals Downgraded by ValuEngine
Sandy Spring Bancorp  Raised to Hold at BidaskClub
Sandy Spring Bancorp Raised to Hold at BidaskClub


© 2006-2019 Ticker Report