Callon Petroleum (NYSE:CPE) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC grew its holdings in shares of Callon Petroleum (NYSE:CPE) by 58.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 429,485 shares of the oil and natural gas company’s stock after purchasing an additional 159,152 shares during the period. Fisher Asset Management LLC owned approximately 0.63% of Callon Petroleum worth $13,915,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CPE. Victory Capital Management Inc. lifted its stake in shares of Callon Petroleum by 77.2% in the 4th quarter. Victory Capital Management Inc. now owns 445,389 shares of the oil and natural gas company’s stock worth $14,431,000 after acquiring an additional 193,990 shares during the period. Russell Investments Group Ltd. lifted its position in Callon Petroleum by 1.2% in the fourth quarter. Russell Investments Group Ltd. now owns 88,629 shares of the oil and natural gas company’s stock worth $2,872,000 after purchasing an additional 1,010 shares during the period. Stanley Laman Group Ltd. bought a new position in Callon Petroleum during the 4th quarter valued at $2,899,000. Yousif Capital Management LLC increased its position in shares of Callon Petroleum by 11.4% during the 4th quarter. Yousif Capital Management LLC now owns 30,783 shares of the oil and natural gas company’s stock valued at $997,000 after purchasing an additional 3,141 shares during the period. Finally, Illinois Municipal Retirement Fund raised its stake in shares of Callon Petroleum by 22.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 34,679 shares of the oil and natural gas company’s stock worth $1,124,000 after buying an additional 6,391 shares in the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Callon Petroleum Price Performance

CPE stock opened at $35.76 on Monday. The firm has a 50-day moving average of $34.53 and a two-hundred day moving average of $33.57. The firm has a market capitalization of $2.38 billion, a PE ratio of 5.87 and a beta of 2.46. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. Callon Petroleum has a one year low of $28.62 and a one year high of $41.36.

Callon Petroleum (NYSE:CPE) last issued its quarterly earnings results on Monday, February 26th. The oil and natural gas company reported $1.62 EPS 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 analysts’ expectations of $563.30 million. On average, analysts forecast that Callon Petroleum will post 6.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CPE shares. StockNews.com assumed coverage on Callon Petroleum in a report on Monday, April 29th. They set a “hold” rating on the stock. Mizuho lowered their price objective on shares of Callon Petroleum from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, March 15th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $32.00 target price (down from $44.00) on shares of Callon Petroleum in a research note on Tuesday, January 23rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $40.33.

About Callon Petroleum

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.