UBS Oconnor LLC Has $13.01 Million Position in Callon Petroleum Company (CPE)

UBS Oconnor LLC cut its position in shares of Callon Petroleum Company (NYSE:CPE) by 48.6% during the first quarter, Holdings Channel reports. The firm owned 988,334 shares of the oil and natural gas company’s stock after selling 934,739 shares during the period. UBS Oconnor LLC’s holdings in Callon Petroleum Company were worth $13,006,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CPE. United Capital Financial Advisers LLC boosted its stake in shares of Callon Petroleum Company 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 period. E&G Advisors LP boosted its stake in shares of Callon Petroleum Company 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 period. Strs Ohio boosted its stake in shares of Callon Petroleum Company 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 period. Quotient Investors LLC boosted its stake in shares of Callon Petroleum Company 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 period. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Callon Petroleum Company 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 period.

Shares of Callon Petroleum Company (CPE) traded up 1.67% during mid-day trading on Monday, reaching $10.35. The company had a trading volume of 1,672,578 shares. Callon Petroleum Company has a one year low of $9.78 and a one year high of $18.53. The company has a 50 day moving average price of $11.62 and a 200 day moving average price of $13.39. The company’s market capitalization is $2.08 billion.

Callon Petroleum Company (NYSE:CPE) last issued its earnings results on Tuesday, May 2nd. The oil and natural gas company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. Callon Petroleum Company had a positive return on equity of 4.23% and a negative net margin of 1.42%. The business had revenue of $81.36 million for the quarter, compared to the consensus estimate of $80.22 million. On average, analysts anticipate that Callon Petroleum Company will post $0.61 EPS for the current year.

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A number of brokerages have commented on CPE. Roth Capital set a $23.00 price objective on Callon Petroleum Company and gave the company a “buy” rating in a research note on Saturday, April 1st. Eurobank EFG raised Callon Petroleum Company from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Thursday, April 13th. BMO Capital Markets set a $16.00 price objective on Callon Petroleum Company and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Royal Bank Of Canada set a $20.00 price objective on Callon Petroleum Company and gave the company a “buy” rating in a research note on Saturday, June 3rd. Finally, Barclays PLC began coverage on Callon Petroleum Company in a research note on Wednesday, April 26th. They issued an “overweight” rating and a $16.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Callon Petroleum Company presently has a consensus rating of “Buy” and a consensus target price of $18.04.

About Callon Petroleum Company

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 Company (NYSE:CPE)

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