Callon Petroleum (NYSE:CPE) Shares Acquired by Dimensional Fund Advisors LP

Posted by Defense World Staff on May 26th, 2023

Dimensional Fund Advisors LP lifted its stake in shares of Callon Petroleum (NYSE:CPE – Get Rating) by 17.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,779,807 shares of the oil and natural gas company’s stock after acquiring an additional 261,316 shares during the period. Dimensional Fund Advisors LP owned 2.89% of Callon Petroleum worth $66,007,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CPE. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Callon Petroleum in the 4th quarter worth about $50,000. US Asset Management LLC purchased a new stake in shares of Callon Petroleum during the 4th quarter valued at about $100,000. PNC Financial Services Group Inc. raised its holdings in shares of Callon Petroleum by 25.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,296 shares of the oil and natural gas company’s stock valued at $135,000 after buying an additional 462 shares during the period. Point72 Hong Kong Ltd raised its holdings in shares of Callon Petroleum by 14.5% during the 1st quarter. Point72 Hong Kong Ltd now owns 2,299 shares of the oil and natural gas company’s stock valued at $136,000 after buying an additional 291 shares during the period. Finally, Captrust Financial Advisors increased its holdings in Callon Petroleum by 102.1% during the 1st 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 last quarter. Institutional investors and hedge funds own 83.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CPE. Truist Financial lifted their price objective on Callon Petroleum from $55.00 to $71.00 in a report on Monday, May 8th. Royal Bank of Canada restated an “outperform” rating and set a $60.00 price objective on shares of Callon Petroleum in a report on Wednesday, March 22nd. Citigroup decreased their target price on Callon Petroleum from $40.00 to $36.00 in a research report on Sunday, May 21st. StockNews.com started coverage on Callon Petroleum in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Stifel Nicolaus decreased their target price on Callon Petroleum from $58.00 to $53.00 in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $55.50.

Insider Buying and Selling

In other Callon Petroleum news, Director Steven A. Webster acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was acquired at an average price of $30.24 per share, with a total value of $302,400.00. Following the transaction, the director now owns 592,824 shares of the company’s stock, valued at $17,926,997.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Steven A. Webster acquired 10,000 shares of the stock in a transaction dated Thursday, May 11th. The shares were bought at an average cost of $30.24 per share, for a total transaction of $302,400.00. Following the purchase, the director now owns 592,824 shares in the company, valued at approximately $17,926,997.76. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven A. Webster acquired 20,000 shares of the stock in a transaction dated Tuesday, May 9th. The stock was bought at an average price of $31.63 per share, for a total transaction of $632,600.00. Following the completion of the purchase, the director now owns 562,824 shares in the company, valued at approximately $17,802,123.12. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 30,250 shares of company stock valued at $944,795. Insiders own 1.80% of the company’s stock.

Callon Petroleum Stock Performance

Shares of CPE stock opened at $31.73 on Friday. Callon Petroleum has a 1-year low of $28.91 and a 1-year high of $64.08. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 1.41 and a beta of 2.73. The stock’s fifty day simple moving average is $33.22 and its 200-day simple moving average is $37.08.

Callon Petroleum (NYSE:CPE – Get Rating) last issued its earnings results on Wednesday, May 3rd. The oil and natural gas company reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). The firm had revenue of $560.00 million during the quarter, compared to analysts’ expectations of $535.29 million. Callon Petroleum had a net margin of 46.15% and a return on equity of 27.29%. The business’s revenue for the quarter was down 27.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.43 EPS. On average, sell-side analysts predict that Callon Petroleum will post 9.11 earnings per share for the current fiscal year.

Callon Petroleum Company Profile

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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.