Callon Petroleum (CPE) Position Lifted by M&T Bank Corp

M&T Bank Corp increased its holdings in shares of Callon Petroleum (NYSE:CPE) by 54.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,592 shares of the oil and natural gas company’s stock after acquiring an additional 10,442 shares during the quarter. M&T Bank Corp’s holdings in Callon Petroleum were worth $391,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Swiss National Bank grew its holdings in Callon Petroleum by 4.0% in the 1st quarter. Swiss National Bank now owns 351,400 shares of the oil and natural gas company’s stock valued at $4,653,000 after buying an additional 13,400 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Callon Petroleum by 35.2% in the 1st quarter. Victory Capital Management Inc. now owns 4,271,055 shares of the oil and natural gas company’s stock valued at $56,549,000 after buying an additional 1,112,363 shares in the last quarter. American Century Companies Inc. grew its holdings in Callon Petroleum by 24.5% in the 1st quarter. American Century Companies Inc. now owns 692,223 shares of the oil and natural gas company’s stock valued at $9,165,000 after buying an additional 136,274 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in Callon Petroleum by 27.3% in the 1st quarter. Hodges Capital Management Inc. now owns 48,000 shares of the oil and natural gas company’s stock valued at $636,000 after buying an additional 10,300 shares in the last quarter. Finally, First National Bank of Omaha grew its holdings in Callon Petroleum by 2.8% in the 1st quarter. First National Bank of Omaha now owns 152,755 shares of the oil and natural gas company’s stock valued at $2,022,000 after buying an additional 4,095 shares in the last quarter.

Shares of CPE stock opened at $12.48 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.35. Callon Petroleum has a twelve month low of $9.34 and a twelve month high of $14.65. The firm has a market cap of $2.65 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 0.32 and a beta of 1.20.

Callon Petroleum (NYSE:CPE) last announced its quarterly earnings data on Tuesday, February 27th. The oil and natural gas company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. Callon Petroleum had a return on equity of 5.98% and a net margin of 31.28%. The business had revenue of $118.21 million during the quarter, compared to the consensus estimate of $109.95 million. research analysts expect that Callon Petroleum will post 0.91 earnings per share for the current fiscal year.

CPE has been the topic of a number of research reports. TheStreet raised Callon Petroleum from a “c+” rating to a “b-” rating in a report on Wednesday, April 4th. ValuEngine raised Callon Petroleum from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. Zacks Investment Research lowered Callon Petroleum from a “hold” rating to a “sell” rating in a report on Monday, February 5th. Jefferies Group reissued a “buy” rating and set a $17.00 target price on shares of Callon Petroleum in a report on Tuesday, January 30th. Finally, KeyCorp increased their target price on Callon Petroleum from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Monday, April 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $16.42.

Callon Petroleum Company Profile

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional onshore, oil, and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2017, its estimated net proved reserves totaled 137.0 million barrel of oil equivalent.

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

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