Moody Aldrich Partners LLC Purchases 199,346 Shares of Callon Petroleum (NYSE:CPE)

Moody Aldrich Partners LLC raised its position in Callon Petroleum (NYSE:CPE) by 52.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 576,267 shares of the oil and natural gas company’s stock after acquiring an additional 199,346 shares during the period. Moody Aldrich Partners LLC owned about 0.25% of Callon Petroleum worth $3,798,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MHI Funds LLC lifted its stake in Callon Petroleum by 3.6% in the 1st quarter. MHI Funds LLC now owns 35,979 shares of the oil and natural gas company’s stock valued at $272,000 after acquiring an additional 1,242 shares in the last quarter. Mason Street Advisors LLC lifted its stake in Callon Petroleum by 1.7% in the 1st quarter. Mason Street Advisors LLC now owns 121,178 shares of the oil and natural gas company’s stock valued at $915,000 after acquiring an additional 1,971 shares in the last quarter. Private Capital Group LLC raised its stake in shares of Callon Petroleum by 135.5% during the 1st quarter. Private Capital Group LLC now owns 4,164 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 2,396 shares in the last quarter. First National Bank of Omaha raised its stake in shares of Callon Petroleum by 1.7% during the 1st quarter. First National Bank of Omaha now owns 162,564 shares of the oil and natural gas company’s stock worth $1,227,000 after purchasing an additional 2,682 shares in the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of Callon Petroleum by 2.0% during the 1st quarter. New York State Teachers Retirement System now owns 155,715 shares of the oil and natural gas company’s stock worth $1,176,000 after purchasing an additional 3,100 shares in the last quarter.

CPE stock opened at $4.33 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 5.28, a PEG ratio of 0.53 and a beta of 1.44. Callon Petroleum has a 1-year low of $4.13 and a 1-year high of $13.09. The business’s 50 day simple moving average is $5.72.

Callon Petroleum (NYSE:CPE) last posted its earnings results on Tuesday, August 6th. The oil and natural gas company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $167.05 million for the quarter, compared to analyst estimates of $163.05 million. Callon Petroleum had a return on equity of 7.55% and a net margin of 36.70%. The firm’s revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 EPS. As a group, research analysts predict that Callon Petroleum will post 0.78 EPS for the current fiscal year.

A number of brokerages have recently issued reports on CPE. Northland Securities reiterated a “buy” rating and set a $10.00 price objective on shares of Callon Petroleum in a research note on Wednesday. Imperial Capital dropped their price objective on Callon Petroleum from $16.00 to $11.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 16th. Morgan Stanley set a $8.00 price objective on Callon Petroleum and gave the stock a “hold” rating in a research note on Monday, June 24th. Jefferies Financial Group cut Callon Petroleum from a “buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a research note on Monday, July 15th. Finally, Stephens set a $11.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $12.33.

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

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