Qube Research & Technologies Ltd Sells 4,029 Shares of Callon Petroleum (NYSE:CPE)

Qube Research & Technologies Ltd decreased its stake in shares of Callon Petroleum (NYSE:CPE) by 21.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,644 shares of the oil and natural gas company’s stock after selling 4,029 shares during the period. Qube Research & Technologies Ltd’s holdings in Callon Petroleum were worth $97,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CPE. Swiss National Bank raised its holdings in Callon Petroleum by 2.2% in the second quarter. Swiss National Bank now owns 424,000 shares of the oil and natural gas company’s stock worth $2,794,000 after buying an additional 9,200 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Callon Petroleum by 4.9% in the second quarter. Envestnet Asset Management Inc. now owns 406,149 shares of the oil and natural gas company’s stock worth $2,677,000 after buying an additional 19,138 shares during the last quarter. Buckhead Capital Management LLC raised its holdings in Callon Petroleum by 59.7% in the second quarter. Buckhead Capital Management LLC now owns 188,700 shares of the oil and natural gas company’s stock worth $1,244,000 after buying an additional 70,550 shares during the last quarter. Stephens Investment Management Group LLC raised its holdings in Callon Petroleum by 43.8% in the second quarter. Stephens Investment Management Group LLC now owns 2,907,331 shares of the oil and natural gas company’s stock worth $19,159,000 after buying an additional 885,694 shares during the last quarter. Finally, Advisory Services Network LLC raised its holdings in Callon Petroleum by 2,194.3% in the second quarter. Advisory Services Network LLC now owns 14,982 shares of the oil and natural gas company’s stock worth $99,000 after buying an additional 14,329 shares during the last quarter.

Shares of NYSE CPE opened at $4.58 on Thursday. The firm has a 50 day moving average of $5.19 and a 200 day moving average of $6.81. 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 firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 5.58, a price-to-earnings-growth ratio of 0.55 and a beta of 1.44. Callon Petroleum has a 12-month low of $4.08 and a 12-month high of $13.09.

Callon Petroleum (NYSE:CPE) last announced its earnings results on Tuesday, August 6th. The oil and natural gas company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $167.05 million during the quarter, compared to analyst estimates of $163.05 million. Callon Petroleum had a net margin of 35.72% and a return on equity of 7.57%. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 earnings per share. Sell-side analysts predict that Callon Petroleum will post 0.77 EPS for the current year.

Several research analysts have issued reports on CPE shares. Stephens set a $11.00 target price on shares of Callon Petroleum and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Morgan Stanley set a $8.00 price objective on shares of Callon Petroleum and gave the company a “hold” rating in a report on Monday, June 24th. Jefferies Financial Group cut shares of Callon Petroleum from a “buy” rating to a “hold” rating and set a $11.00 price objective for the company. in a report on Monday, July 15th. Roth Capital set a $12.00 price objective on shares of Callon Petroleum and gave the company a “buy” rating in a report on Friday, June 14th. Finally, Capital One Financial raised shares of Callon Petroleum from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $11.65.

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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