Callon Petroleum (CPE) Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. trimmed its position in shares of Callon Petroleum (NYSE:CPE) by 33.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,700 shares of the oil and natural gas company’s stock after selling 18,600 shares during the quarter. Hodges Capital Management Inc.’s holdings in Callon Petroleum were worth $458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of CPE. Prudential Financial Inc. grew its stake in Callon Petroleum by 10.7% during the second quarter. Prudential Financial Inc. now owns 19,365 shares of the oil and natural gas company’s stock worth $205,000 after buying an additional 1,870 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Callon Petroleum by 3.2% during the second quarter. JPMorgan Chase & Co. now owns 223,208 shares of the oil and natural gas company’s stock worth $2,368,000 after buying an additional 6,949 shares during the last quarter. BlackRock Inc. grew its stake in Callon Petroleum by 7.0% during the second quarter. BlackRock Inc. now owns 12,953,769 shares of the oil and natural gas company’s stock worth $137,439,000 after buying an additional 851,876 shares during the last quarter. Amalgamated Bank grew its stake in Callon Petroleum by 13.3% during the second quarter. Amalgamated Bank now owns 24,509 shares of the oil and natural gas company’s stock worth $260,000 after buying an additional 2,876 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Callon Petroleum by 8.9% during the second 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 last quarter.

CPE has been the topic of several research analyst reports. Citigroup cut shares of Callon Petroleum from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research note 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 research report on Saturday, November 25th. B. Riley assumed coverage on shares of Callon Petroleum in a research report on Monday, February 5th. 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 research report on Tuesday, November 21st. Finally, Bank of America assumed coverage on shares of Callon Petroleum in a research report on Monday, October 16th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. Callon Petroleum has an average rating of “Buy” and a consensus price target of $16.39.

Callon Petroleum (CPE) opened at $10.26 on Friday. Callon Petroleum has a twelve month low of $9.34 and a twelve month high of $15.02. The firm has a market cap of $2,062.77, a P/E ratio of 23.32 and a beta of 1.16. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.32.

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Callon Petroleum 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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