LSV Asset Management Has $5.93 Million Stake in Callon Petroleum (NYSE:CPE)

LSV Asset Management raised its stake in Callon Petroleum (NYSE:CPE) by 50.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 183,017 shares of the oil and natural gas company’s stock after purchasing an additional 61,625 shares during the quarter. LSV Asset Management owned 0.27% of Callon Petroleum worth $5,930,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of CPE. Bank of New York Mellon Corp raised its position in Callon Petroleum by 2.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 626,546 shares of the oil and natural gas company’s stock valued at $24,510,000 after buying an additional 17,115 shares during the last quarter. New York State Teachers Retirement System lifted its position in shares of Callon Petroleum by 6.7% during the third quarter. New York State Teachers Retirement System now owns 55,924 shares of the oil and natural gas company’s stock valued at $2,188,000 after purchasing an additional 3,496 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Callon Petroleum by 4.4% during the third quarter. Oregon Public Employees Retirement Fund now owns 16,663 shares of the oil and natural gas company’s stock worth $652,000 after purchasing an additional 700 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Callon Petroleum by 1.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 833,587 shares of the oil and natural gas company’s stock worth $32,610,000 after purchasing an additional 12,234 shares in the last quarter. Finally, Yousif Capital Management LLC increased its stake in Callon Petroleum by 1.1% in the 3rd quarter. Yousif Capital Management LLC now owns 27,642 shares of the oil and natural gas company’s stock valued at $1,081,000 after buying an additional 290 shares during the last quarter. Institutional investors own 91.08% of the company’s stock.

Analysts Set New Price Targets

CPE has been the topic of a number of research analyst reports. Stifel Nicolaus restated a “hold” rating and issued a $32.00 target price (down previously from $44.00) on shares of Callon Petroleum in a research note on Tuesday, January 23rd. StockNews.com began coverage on Callon Petroleum in a research note on Tuesday. They set a “hold” rating on the stock. Finally, Mizuho reduced their price target on shares of Callon Petroleum from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, March 15th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Callon Petroleum has a consensus rating of “Hold” and a consensus price target of $40.33.

Callon Petroleum Price Performance

Shares of NYSE CPE opened at $35.76 on Thursday. The business’s fifty day moving average price is $34.80 and its 200-day moving average price is $33.53. Callon Petroleum has a one year low of $28.62 and a one year high of $41.36. The stock has a market capitalization of $2.38 billion, a PE ratio of 5.87 and a beta of 2.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.39 and a quick ratio of 0.39.

Callon Petroleum (NYSE:CPE) last released its quarterly earnings data 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). The business had revenue of $601.36 million for the quarter, compared to analysts’ expectations of $563.30 million. Callon Petroleum had a net margin of 17.12% and a return on equity of 12.65%. On average, equities research analysts anticipate that Callon Petroleum will post 6.56 EPS for the current 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.