World Asset Management Inc Invests $144,000 in Callon Petroleum Company (CPE)

World Asset Management Inc purchased a new stake in shares of Callon Petroleum Company (NYSE:CPE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,841 shares of the oil and natural gas company’s stock, valued at approximately $144,000. World Asset Management Inc owned 6,362.29% of Callon Petroleum as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of CPE. Legal & General Group Plc increased its holdings in shares of Callon Petroleum by 25.0% during the first quarter. Legal & General Group Plc now owns 68,172 shares of the oil and natural gas company’s stock valued at $892,000 after purchasing an additional 13,643 shares during the period. Geode Capital Management LLC increased its holdings in shares of Callon Petroleum by 7.1% during the first quarter. Geode Capital Management LLC now owns 1,460,374 shares of the oil and natural gas company’s stock valued at $19,218,000 after purchasing an additional 96,739 shares during the period. BlackRock Inc. increased its holdings in shares of Callon Petroleum by 96,684.2% during the first quarter. BlackRock Inc. now owns 12,101,893 shares of the oil and natural gas company’s stock valued at $159,259,000 after purchasing an additional 12,089,389 shares during the period. Amalgamated Bank increased its holdings in shares of Callon Petroleum by 21.3% during the first quarter. Amalgamated Bank now owns 21,633 shares of the oil and natural gas company’s stock valued at $285,000 after purchasing an additional 3,801 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Callon Petroleum by 24.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 833,642 shares of the oil and natural gas company’s stock valued at $10,971,000 after purchasing an additional 163,233 shares during the period.

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CPE has been the topic of a number of research analyst reports. Zacks Investment Research raised Callon Petroleum from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Northland Securities reaffirmed a “buy” rating and set a $18.00 target price on shares of Callon Petroleum in a report on Wednesday, November 1st. Royal Bank Of Canada set a $16.00 target price on Callon Petroleum and gave the stock a “buy” rating in a report on Thursday, August 24th. BidaskClub lowered Callon Petroleum from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Citigroup Inc. lowered their target price on Callon Petroleum from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the stock. Callon Petroleum has a consensus rating of “Buy” and a consensus price target of $17.50.

Shares of Callon Petroleum Company (CPE) opened at $11.72 on Friday. Callon Petroleum Company has a 1 year low of $9.34 and a 1 year high of $18.53. The company has a market capitalization of $2,365.52, a PE ratio of 32.56 and a beta of 1.38. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 0.84.

Callon Petroleum (NYSE:CPE) last announced its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). The firm had revenue of $84.60 million for the quarter, compared to analyst estimates of $81.98 million. Callon Petroleum had a net margin of 30.20% and a return on equity of 4.05%. The firm’s quarterly revenue was up 51.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 earnings per share. equities analysts predict that Callon Petroleum Company will post 0.4 earnings per share for the current fiscal year.

About Callon Petroleum

Callon Petroleum Company is an independent oil and natural gas company. The Company is engaged in the exploration, development, acquisition and production of oil and natural gas properties. The Company focuses on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin.

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Institutional Ownership by Quarter for Callon Petroleum (NYSE:CPE)

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