SG Americas Securities LLC Makes New Investment in Callon Petroleum (NYSE:CPE)

SG Americas Securities LLC purchased a new stake in Callon Petroleum (NYSE:CPE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,345 shares of the oil and natural gas company’s stock, valued at approximately $108,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its holdings in Callon Petroleum by 8.1% in the 2nd quarter. BlackRock Inc. now owns 8,754,834 shares of the oil and natural gas company’s stock valued at $307,032,000 after buying an additional 653,727 shares during the period. Vanguard Group Inc. boosted its position in shares of Callon Petroleum by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,672,950 shares of the oil and natural gas company’s stock worth $261,046,000 after purchasing an additional 51,403 shares during the period. State Street Corp increased its holdings in Callon Petroleum by 8.8% in the 2nd quarter. State Street Corp now owns 4,073,407 shares of the oil and natural gas company’s stock valued at $142,854,000 after purchasing an additional 331,009 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Callon Petroleum by 54.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,754,939 shares of the oil and natural gas company’s stock valued at $92,124,000 after purchasing an additional 975,132 shares during the period. Finally, Royal Bank of Canada lifted its stake in Callon Petroleum by 510.9% during the third quarter. Royal Bank of Canada now owns 1,674,634 shares of the oil and natural gas company’s stock worth $65,511,000 after purchasing an additional 1,400,493 shares in the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CPE shares. Mizuho dropped their price objective on Callon Petroleum from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, March 15th. Stifel Nicolaus reiterated a “hold” rating and set a $32.00 price target (down from $44.00) on shares of Callon Petroleum in a research note on Tuesday, January 23rd. Finally, StockNews.com initiated coverage on shares of Callon Petroleum in a research note on Saturday, April 13th. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $40.33.

Callon Petroleum Price Performance

CPE stock opened at $35.76 on Friday. The business’s 50-day moving average is $33.75 and its two-hundred day moving average is $33.67. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $2.38 billion, a P/E ratio of 5.87 and a beta of 2.46. Callon Petroleum has a 1 year low of $28.62 and a 1 year high of $41.36.

Callon Petroleum (NYSE:CPE) last issued its earnings results on Monday, February 26th. The oil and natural gas company reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.12). Callon Petroleum had a net margin of 17.12% and a return on equity of 12.65%. The firm had revenue of $601.36 million during the quarter, compared to analyst estimates of $563.30 million. Analysts anticipate that Callon Petroleum will post 6.56 earnings per share for the current fiscal year.

Callon Petroleum Company Profile

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, exploration, and development of oil and natural gas properties in West Texas. Callon Petroleum Company was founded in 1950 and is headquartered in Houston, Texas.