Callon Petroleum Company (CPE) Position Maintained by Marathon Capital Management

Marathon Capital Management continued to hold its position in Callon Petroleum Company (NYSE:CPE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,000 shares of the oil and natural gas company’s stock at the close of the 2nd quarter. Marathon Capital Management’s holdings in Callon Petroleum were worth $477,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CPE. BlackRock Inc. grew its position in Callon Petroleum by 96,684.2% during the first quarter. BlackRock Inc. now owns 12,101,893 shares of the oil and natural gas company’s stock valued at $159,259,000 after acquiring an additional 12,089,389 shares during the period. Wellington Management Group LLP grew its position in Callon Petroleum by 29.0% during the first quarter. Wellington Management Group LLP now owns 21,117,124 shares of the oil and natural gas company’s stock valued at $277,902,000 after acquiring an additional 4,749,928 shares during the period. Goldman Sachs Group Inc. grew its position in Callon Petroleum by 56.3% during the first quarter. Goldman Sachs Group Inc. now owns 7,333,603 shares of the oil and natural gas company’s stock valued at $96,510,000 after acquiring an additional 2,642,192 shares during the period. Caymus Capital Partners L.P. grew its position in Callon Petroleum by 81.5% during the second quarter. Caymus Capital Partners L.P. now owns 4,863,500 shares of the oil and natural gas company’s stock valued at $51,602,000 after acquiring an additional 2,184,500 shares during the period. Finally, FMR LLC grew its position in Callon Petroleum by 15.7% during the first quarter. FMR LLC now owns 15,197,267 shares of the oil and natural gas company’s stock valued at $199,996,000 after acquiring an additional 2,067,650 shares during the period.

CPE has been the subject of a number of research reports. Citigroup Inc. lowered their price target on Callon Petroleum from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Royal Bank Of Canada set a $16.00 target price on Callon Petroleum and gave the stock a “buy” rating in a research report on Thursday, August 24th. ValuEngine raised Callon Petroleum from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded Callon Petroleum from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $15.00 target price on shares of Callon Petroleum in a research report on Wednesday, September 6th. One 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 company has a consensus rating of “Buy” and a consensus target price of $17.54.

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Shares of Callon Petroleum Company (NYSE CPE) opened at 11.07 on Friday. Callon Petroleum Company has a 52-week low of $9.34 and a 52-week high of $18.53. The company has a 50-day moving average price of $10.35 and a 200 day moving average price of $11.30. The firm has a market capitalization of $2.23 billion, a PE ratio of 21.09 and a beta of 1.44.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data 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). The company had revenue of $82.30 million during the quarter, compared to the consensus estimate of $83.89 million. Callon Petroleum had a return on equity of 4.16% and a net margin of 34.61%. The business’s revenue for the quarter was up 82.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.61) EPS. Analysts expect that Callon Petroleum Company will post $0.50 EPS for the current fiscal year.

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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