United Services Automobile Association Has $3.82 Million Stake in Callon Petroleum (NYSE:CPE)

United Services Automobile Association increased its position in Callon Petroleum (NYSE:CPE) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 589,028 shares of the oil and natural gas company’s stock after purchasing an additional 54,213 shares during the period. United Services Automobile Association owned 0.26% of Callon Petroleum worth $3,823,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CPE. Arizona State Retirement System increased its position in Callon Petroleum by 1.1% in the fourth quarter. Arizona State Retirement System now owns 163,344 shares of the oil and natural gas company’s stock worth $1,060,000 after buying an additional 1,759 shares in the last quarter. Legal & General Group Plc grew its position in shares of Callon Petroleum by 1.0% during the third quarter. Legal & General Group Plc now owns 219,496 shares of the oil and natural gas company’s stock worth $2,632,000 after purchasing an additional 2,231 shares in the last quarter. Advisor Group Inc. grew its position in shares of Callon Petroleum by 9.8% during the fourth quarter. Advisor Group Inc. now owns 25,415 shares of the oil and natural gas company’s stock worth $165,000 after purchasing an additional 2,272 shares in the last quarter. AMI Asset Management Corp grew its position in shares of Callon Petroleum by 0.5% during the fourth quarter. AMI Asset Management Corp now owns 460,701 shares of the oil and natural gas company’s stock worth $2,990,000 after purchasing an additional 2,467 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Callon Petroleum by 3.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 90,095 shares of the oil and natural gas company’s stock worth $585,000 after purchasing an additional 2,946 shares in the last quarter.

Shares of NYSE:CPE opened at $8.21 on Friday. Callon Petroleum has a 12-month low of $5.57 and a 12-month high of $14.65. The firm has a market capitalization of $1.87 billion, a PE ratio of 10.01, a P/E/G ratio of 0.78 and a beta of 1.53. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.49.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Tuesday, February 26th. The oil and natural gas company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.05). The business had revenue of $161.90 million during the quarter, compared to analyst estimates of $164.50 million. Callon Petroleum had a return on equity of 8.11% and a net margin of 51.11%. On average, equities research analysts forecast that Callon Petroleum will post 0.88 EPS for the current year.

A number of equities analysts recently commented on the company. Capital One Financial raised Callon Petroleum from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, January 9th. Barclays lowered Callon Petroleum from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $14.00 to $10.00 in a research note on Wednesday, January 16th. Citigroup raised Callon Petroleum from a “neutral” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Wednesday, January 23rd. Zacks Investment Research raised Callon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 30th. Finally, Williams Capital reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Callon Petroleum in a research note on Monday, February 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $14.29.

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About Callon Petroleum

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. As of December 31, 2017, its estimated net proved reserves totaled 137.0 million barrel of oil equivalent.

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

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