ExodusPoint Capital Management LP acquired a new position in shares of Callon Petroleum (NYSE:CPE – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 52,369 shares of the oil and natural gas company’s stock, valued at approximately $1,751,000. ExodusPoint Capital Management LP owned 0.08% of Callon Petroleum as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of Callon Petroleum in the first quarter valued at approximately $26,000. Banque Cantonale Vaudoise bought a new stake in shares of Callon Petroleum in the first quarter valued at approximately $33,000. Quadrant Capital Group LLC boosted its stake in shares of Callon Petroleum by 220.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,147 shares of the oil and natural gas company’s stock valued at $43,000 after buying an additional 789 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Callon Petroleum in the fourth quarter valued at approximately $97,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Callon Petroleum in the first quarter valued at approximately $117,000. Institutional investors own 92.79% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Truist Financial cut their price target on Callon Petroleum from $51.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, August 7th. Citigroup upgraded Callon Petroleum from a “neutral” rating to a “buy” rating and upped their target price for the stock from $40.00 to $45.00 in a research note on Wednesday, August 16th. StockNews.com cut Callon Petroleum from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Royal Bank of Canada restated an “outperform” rating and set a $50.00 target price on shares of Callon Petroleum in a research note on Wednesday, August 9th. Finally, Mizuho upped their target price on Callon Petroleum from $54.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Callon Petroleum currently has a consensus rating of “Hold” and an average price target of $50.43.
Callon Petroleum Stock Up 3.7 %
Shares of NYSE:CPE opened at $40.68 on Friday. The company has a fifty day moving average of $35.84 and a 200-day moving average of $34.72. The company has a market capitalization of $2.77 billion, a PE ratio of 2.69 and a beta of 2.75. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.22 and a current ratio of 1.22. Callon Petroleum has a 52-week low of $28.91 and a 52-week high of $50.19.
Callon Petroleum (NYSE:CPE – Get Free Report) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.21. The company had revenue of $562.30 million during the quarter, compared to the consensus estimate of $561.08 million. Callon Petroleum had a net margin of 35.11% and a return on equity of 21.41%. The company’s revenue for the quarter was down 38.5% compared to the same quarter last year. During the same period in the prior year, the business earned $3.68 earnings per share. On average, equities analysts predict that Callon Petroleum will post 7.43 EPS for the current fiscal year.
About Callon Petroleum
Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, exploration, and development of oil and natural gas properties in West Texas. The company was founded in 1950 and is headquartered in Houston, Texas.
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