Gamco Investors INC. ET AL lifted its position in Callon Petroleum (NYSE:CPE – Get Rating) by 87.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,680 shares of the oil and natural gas company’s stock after acquiring an additional 41,840 shares during the period. Gamco Investors INC. ET AL owned about 0.15% of Callon Petroleum worth $3,140,000 as of its most recent SEC filing.
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Other institutional investors have also made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new position in shares of Callon Petroleum in the third quarter worth approximately $56,000. PNC Financial Services Group Inc. boosted its holdings in shares of Callon Petroleum by 25.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,296 shares of the oil and natural gas company’s stock worth $135,000 after purchasing an additional 462 shares during the period. Point72 Hong Kong Ltd boosted its holdings in shares of Callon Petroleum by 14.5% during the first quarter. Point72 Hong Kong Ltd now owns 2,299 shares of the oil and natural gas company’s stock worth $136,000 after purchasing an additional 291 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Callon Petroleum by 102.1% during the first quarter. Captrust Financial Advisors now owns 3,251 shares of the oil and natural gas company’s stock worth $192,000 after purchasing an additional 1,642 shares during the period. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Callon Petroleum during the first quarter worth approximately $219,000. 83.60% of the stock is owned by hedge funds and other institutional investors.
Callon Petroleum Price Performance
NYSE CPE opened at $38.69 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $2.38 billion, a PE ratio of 1.94 and a beta of 2.69. The company has a 50 day moving average price of $38.55 and a two-hundred day moving average price of $40.45. Callon Petroleum has a 12-month low of $31.23 and a 12-month high of $66.48.
Analysts Set New Price Targets
CPE has been the subject of several research reports. JPMorgan Chase & Co. upgraded shares of Callon Petroleum from an “underweight” rating to a “neutral” rating and set a $57.00 price target for the company in a report on Monday, December 5th. Mizuho initiated coverage on shares of Callon Petroleum in a report on Monday, January 9th. They set a “buy” rating and a $59.00 price target for the company. Finally, Morgan Stanley decreased their price target on shares of Callon Petroleum from $60.00 to $53.00 and set an “equal weight” rating for the company in a report on Tuesday, January 24th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $66.63.
Callon Petroleum Profile
Callon Petroleum Co engages in the exploration, development, acquisition and production of oil and natural gas properties in the United States. It focuses on unconventional oil and natural gas reserves in the Permian Basin. The company was founded by Sim C. Callon and John S. Callon in 1950 and is headquartered in Houston, TX.
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