Allianz Asset Management GmbH lessened its holdings in Callon Petroleum (NYSE:CPE) by 99.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,552 shares of the oil and natural gas company’s stock after selling 1,751,491 shares during the period. Allianz Asset Management GmbH’s holdings in Callon Petroleum were worth $70,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Moody Aldrich Partners LLC raised its position in Callon Petroleum by 52.9% in the second quarter. Moody Aldrich Partners LLC now owns 576,267 shares of the oil and natural gas company’s stock worth $3,798,000 after purchasing an additional 199,346 shares in the last quarter. Balasa Dinverno & Foltz LLC raised its position in Callon Petroleum by 69.8% in the first quarter. Balasa Dinverno & Foltz LLC now owns 22,934 shares of the oil and natural gas company’s stock worth $173,000 after purchasing an additional 9,424 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in Callon Petroleum in the first quarter worth about $469,000. Aviva PLC acquired a new position in Callon Petroleum in the second quarter worth about $1,121,000. Finally, Westwood Holdings Group Inc. raised its position in Callon Petroleum by 52.7% in the first quarter. Westwood Holdings Group Inc. now owns 5,591,310 shares of the oil and natural gas company’s stock worth $42,214,000 after purchasing an additional 1,929,367 shares in the last quarter.
Shares of Callon Petroleum stock opened at $4.51 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 5.50, a P/E/G ratio of 0.57 and a beta of 1.46. Callon Petroleum has a 1-year low of $3.75 and a 1-year high of $13.09. The firm’s 50-day moving average price is $4.48 and its two-hundred day moving average price is $6.41.
Callon Petroleum (NYSE:CPE) last issued its quarterly earnings data on Tuesday, August 6th. The oil and natural gas company reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The firm had revenue of $167.05 million for the quarter, compared to analysts’ expectations of $163.05 million. Callon Petroleum had a net margin of 35.72% and a return on equity of 7.57%. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. As a group, equities research analysts predict that Callon Petroleum will post 0.75 EPS for the current year.
Several research firms recently issued reports on CPE. Imperial Capital dropped their price target on shares of Callon Petroleum from $16.00 to $11.00 and set an “in-line” rating for the company in a research report on Tuesday, July 16th. Stephens set a $11.00 price target on shares of Callon Petroleum and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Northland Securities reissued a “buy” rating and issued a $10.00 price target on shares of Callon Petroleum in a research report on Wednesday, August 7th. Jefferies Financial Group lowered shares of Callon Petroleum from a “buy” rating to a “hold” rating and set a $11.00 price target for the company. in a research report on Monday, July 15th. Finally, Williams Capital dropped their price target on shares of Callon Petroleum from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $11.47.
Callon Petroleum Company 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.
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