Yousif Capital Management LLC Increases Holdings in Callon Petroleum (NYSE:CPE)

Yousif Capital Management LLC raised its stake in Callon Petroleum (NYSE:CPE) by 11.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,783 shares of the oil and natural gas company’s stock after purchasing an additional 3,141 shares during the quarter. Yousif Capital Management LLC’s holdings in Callon Petroleum were worth $997,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Royal Bank of Canada boosted its position in Callon Petroleum by 510.9% in the 3rd quarter. Royal Bank of Canada now owns 1,674,634 shares of the oil and natural gas company’s stock valued at $65,511,000 after buying an additional 1,400,493 shares during the last quarter. abrdn plc purchased a new stake in Callon Petroleum during the 3rd quarter worth approximately $17,332,000. Boston Trust Walden Corp raised its position in shares of Callon Petroleum by 54.2% in the 4th quarter. Boston Trust Walden Corp now owns 1,101,367 shares of the oil and natural gas company’s stock valued at $35,684,000 after purchasing an additional 387,125 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Callon Petroleum by 1,839.8% during the 3rd quarter. Victory Capital Management Inc. now owns 251,399 shares of the oil and natural gas company’s stock valued at $9,835,000 after buying an additional 238,439 shares during the last quarter. Finally, Channing Capital Management LLC grew its position in shares of Callon Petroleum by 20.1% during the third quarter. Channing Capital Management LLC now owns 1,425,586 shares of the oil and natural gas company’s stock worth $55,769,000 after buying an additional 238,113 shares in the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.

Callon Petroleum Price Performance

CPE opened at $35.76 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $34.53 and its 200 day moving average price is $33.61. Callon Petroleum has a fifty-two week low of $28.62 and a fifty-two week high of $41.36. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 5.87 and a beta of 2.46.

Callon Petroleum (NYSE:CPE) last posted its earnings results on Monday, February 26th. The oil and natural gas company reported $1.62 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.12). The company had revenue of $601.36 million for the quarter, compared to the consensus estimate of $563.30 million. Callon Petroleum had a net margin of 17.12% and a return on equity of 12.65%. As a group, sell-side analysts expect that Callon Petroleum will post 6.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CPE shares. StockNews.com assumed coverage on shares of Callon Petroleum in a report on Monday, April 29th. They issued a “hold” rating on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $32.00 price target (down from $44.00) on shares of Callon Petroleum in a research note on Tuesday, January 23rd. Finally, Mizuho cut their price objective on Callon Petroleum from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, March 15th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $40.33.

Callon Petroleum Profile

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, exploration, and development of oil and natural gas properties in West Texas. Callon Petroleum Company was founded in 1950 and is headquartered in Houston, Texas.