Mutual of America Capital Management LLC Grows Position in Callon Petroleum (CPE)

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Mutual of America Capital Management LLC lifted its stake in Callon Petroleum (NYSE:CPE) by 15.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 580,532 shares of the oil and natural gas company’s stock after buying an additional 78,047 shares during the period. Mutual of America Capital Management LLC owned about 0.26% of Callon Petroleum worth $6,961,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new stake in shares of Callon Petroleum in the second quarter valued at about $13,964,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Callon Petroleum in the second quarter valued at about $1,608,000. Sei Investments Co. lifted its stake in shares of Callon Petroleum by 40.0% in the second quarter. Sei Investments Co. now owns 66,486 shares of the oil and natural gas company’s stock valued at $714,000 after buying an additional 18,993 shares during the period. US Bancorp DE lifted its stake in shares of Callon Petroleum by 28.9% in the second quarter. US Bancorp DE now owns 171,548 shares of the oil and natural gas company’s stock valued at $1,842,000 after buying an additional 38,507 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Callon Petroleum by 102.5% in the second quarter. Millennium Management LLC now owns 1,848,191 shares of the oil and natural gas company’s stock valued at $19,850,000 after buying an additional 935,307 shares during the period.

CPE has been the subject of several recent research reports. Stephens initiated coverage on shares of Callon Petroleum in a research report on Thursday. They issued a “buy” rating and a $14.00 price target for the company. ValuEngine lowered shares of Callon Petroleum from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 1st. Cowen initiated coverage on shares of Callon Petroleum in a research report on Thursday, November 29th. They issued an “outperform” rating for the company. TheStreet lowered shares of Callon Petroleum from a “b-” rating to a “c+” rating in a research report on Tuesday, November 27th. Finally, Zacks Investment Research reissued a “hold” rating on shares of Callon Petroleum in a research report on Monday, November 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the stock. Callon Petroleum currently has an average rating of “Buy” and an average price target of $16.00.

NYSE CPE opened at $8.50 on Thursday. The company has a market cap of $1.93 billion, a PE ratio of 20.24 and a beta of 1.05. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.57 and a quick ratio of 0.57. Callon Petroleum has a 1-year low of $8.48 and a 1-year high of $14.65.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Tuesday, November 6th. The oil and natural gas company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The company had revenue of $161.21 million during the quarter, compared to analyst estimates of $145.66 million. Callon Petroleum had a net margin of 30.70% and a return on equity of 8.31%. The company’s revenue was up 90.5% on a year-over-year basis. During the same quarter last year, the business posted $0.09 earnings per share. Equities analysts predict that Callon Petroleum will post 0.88 earnings per share for the current year.

In other news, VP Mitzi P. Conn sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $11.76, for a total transaction of $176,400.00. Following the completion of the sale, the vice president now owns 42,062 shares of the company’s stock, valued at $494,649.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.82% of the company’s stock.

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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.

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

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