Callon Petroleum Company (CPE) Stake Held by Adams Natural Resources Fund Inc.

Adams Natural Resources Fund Inc. maintained its position in Callon Petroleum Company (NYSE:CPE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 273,500 shares of the oil and natural gas company’s stock at the end of the second quarter. Adams Natural Resources Fund Inc. owned about 0.14% of Callon Petroleum worth $2,902,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. United Capital Financial Advisers LLC raised its stake in shares of Callon Petroleum by 0.5% in the first quarter. United Capital Financial Advisers LLC now owns 75,065 shares of the oil and natural gas company’s stock worth $988,000 after buying an additional 380 shares during the last quarter. E&G Advisors LP raised its stake in shares of Callon Petroleum by 1.0% in the first quarter. E&G Advisors LP now owns 52,000 shares of the oil and natural gas company’s stock worth $684,000 after buying an additional 500 shares during the last quarter. Strs Ohio raised its stake in shares of Callon Petroleum by 6.5% in the first quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock worth $128,000 after buying an additional 600 shares during the last quarter. Quotient Investors LLC raised its stake in shares of Callon Petroleum by 5.6% in the first quarter. Quotient Investors LLC now owns 13,100 shares of the oil and natural gas company’s stock worth $172,000 after buying an additional 700 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Callon Petroleum by 1.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 43,212 shares of the oil and natural gas company’s stock worth $664,000 after buying an additional 820 shares during the last quarter.

Shares of Callon Petroleum Company (NYSE:CPE) opened at 10.42 on Friday. The stock has a market capitalization of $2.10 billion, a P/E ratio of 19.85 and a beta of 1.44. Callon Petroleum Company has a 52-week low of $9.63 and a 52-week high of $18.53. The stock has a 50 day moving average of $10.74 and a 200-day moving average of $12.08.

Callon Petroleum (NYSE:CPE) last released its earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.02. Callon Petroleum had a return on equity of 7.04% and a net margin of 40.58%. The business had revenue of $82.30 million for the quarter, compared to the consensus estimate of $83.89 million. During the same quarter last year, the business posted ($0.61) earnings per share. The firm’s revenue for the quarter was up 82.5% compared to the same quarter last year. Analysts predict that Callon Petroleum Company will post $0.53 EPS for the current fiscal year.

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A number of equities research analysts have recently weighed in on the stock. Scotiabank restated a “buy” rating and issued a $18.00 price objective on shares of Callon Petroleum in a report on Monday, May 15th. ValuEngine lowered shares of Callon Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, May 18th. Barclays PLC assumed coverage on shares of Callon Petroleum in a report on Wednesday, April 26th. They issued an “overweight” rating and a $16.00 price objective for the company. Roth Capital set a $23.00 price objective on shares of Callon Petroleum and gave the stock a “buy” rating in a report on Friday, May 26th. Finally, Evercore ISI lowered shares of Callon Petroleum from an “outperform” rating to an “in-line” rating and lowered their price target for the company from $17.00 to $16.00 in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $17.79.

About Callon Petroleum

Callon Petroleum Company is an independent oil and natural gas company. The Company is engaged in the exploration, development, acquisition and production of oil and natural gas properties. The Company focuses on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin.

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

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