Callon Petroleum (CPE) Position Lifted by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC increased its position in shares of Callon Petroleum (NYSE:CPE) by 53.9% during the 4th quarter, Holdings Channel reports. The fund owned 217,590 shares of the oil and natural gas company’s stock after buying an additional 76,200 shares during the quarter. Callon Petroleum accounts for about 1.5% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 20th biggest holding. Lisanti Capital Growth LLC’s holdings in Callon Petroleum were worth $2,644,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CPE. Vaughan Nelson Investment Management L.P. raised its holdings in Callon Petroleum by 61.0% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,631,425 shares of the oil and natural gas company’s stock worth $52,057,000 after buying an additional 1,755,125 shares during the period. Voya Investment Management LLC raised its holdings in Callon Petroleum by 22.8% during the 2nd quarter. Voya Investment Management LLC now owns 93,670 shares of the oil and natural gas company’s stock worth $994,000 after buying an additional 17,410 shares during the period. PNC Financial Services Group Inc. raised its holdings in Callon Petroleum by 8.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 18,990 shares of the oil and natural gas company’s stock worth $202,000 after buying an additional 1,555 shares during the period. Ninepoint Partners LP acquired a new stake in Callon Petroleum during the 3rd quarter worth approximately $7,778,000. Finally, Hillcrest Asset Management LLC raised its holdings in Callon Petroleum by 43.8% during the 2nd quarter. Hillcrest Asset Management LLC now owns 967,100 shares of the oil and natural gas company’s stock worth $10,261,000 after buying an additional 294,660 shares during the period.

Shares of Callon Petroleum (NYSE CPE) opened at $10.22 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.32. Callon Petroleum has a fifty-two week low of $9.34 and a fifty-two week high of $15.02. The stock has a market cap of $2,177.81, a P/E ratio of 23.23 and a beta of 1.16.

Several analysts have commented on CPE shares. Citigroup downgraded shares of Callon Petroleum from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a report on Wednesday, January 3rd. Scotiabank set a $16.00 target price on shares of Callon Petroleum and gave the stock a “buy” rating in a report on Saturday, November 25th. B. Riley started coverage on shares of Callon Petroleum in a report on Monday. They set a “neutral” rating and a $11.75 target price on the stock. Mizuho upgraded shares of Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Tuesday, November 21st. Finally, Bank of America started coverage on shares of Callon Petroleum in a report on Monday, October 16th. They set a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $16.39.

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Callon Petroleum Company Profile

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.

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

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