New York State Teachers Retirement System Sells 225,315 Shares of Callon Petroleum (NYSE:CPE)

New York State Teachers Retirement System decreased its holdings in shares of Callon Petroleum (NYSE:CPE) by 37.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 370,322 shares of the oil and natural gas company’s stock after selling 225,315 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Callon Petroleum worth $426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of CPE. State Street Corp raised its holdings in Callon Petroleum by 25.3% during the 1st quarter. State Street Corp now owns 32,048,340 shares of the oil and natural gas company’s stock valued at $17,559,000 after acquiring an additional 6,476,518 shares during the period. Morgan Stanley raised its holdings in Callon Petroleum by 64.7% during the 1st quarter. Morgan Stanley now owns 10,110,340 shares of the oil and natural gas company’s stock valued at $5,540,000 after acquiring an additional 3,971,054 shares during the period. Norges Bank bought a new stake in Callon Petroleum during the 4th quarter valued at $18,917,000. Two Sigma Investments LP raised its holdings in Callon Petroleum by 670.0% during the 1st quarter. Two Sigma Investments LP now owns 3,656,649 shares of the oil and natural gas company’s stock valued at $2,003,000 after acquiring an additional 3,181,786 shares during the period. Finally, Schroder Investment Management Group raised its holdings in Callon Petroleum by 111.0% during the 1st quarter. Schroder Investment Management Group now owns 6,004,700 shares of the oil and natural gas company’s stock valued at $2,942,000 after acquiring an additional 3,158,462 shares during the period. 84.54% of the stock is currently owned by institutional investors and hedge funds.

CPE opened at $1.14 on Friday. The stock has a market cap of $452.58 million, a PE ratio of 1.27 and a beta of 2.87. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.95. Callon Petroleum has a 52 week low of $0.38 and a 52 week high of $5.36. The business’s fifty day simple moving average is $1.26 and its 200 day simple moving average is $1.49.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings results on Monday, May 11th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.03). Callon Petroleum had a net margin of 37.61% and a return on equity of 7.24%. The business had revenue of $289.92 million for the quarter, compared to analysts’ expectations of $344.75 million. As a group, equities analysts anticipate that Callon Petroleum will post 0.13 earnings per share for the current year.

Several research firms have recently weighed in on CPE. MKM Partners began coverage on shares of Callon Petroleum in a report on Thursday, May 28th. They issued a “buy” rating and a $2.00 price target on the stock. Northland Securities reaffirmed a “hold” rating and issued a $1.00 price target on shares of Callon Petroleum in a report on Monday, July 27th. Credit Suisse Group reaffirmed a “hold” rating and issued a $1.00 price target on shares of Callon Petroleum in a report on Friday, April 17th. ValuEngine raised shares of Callon Petroleum from a “strong sell” rating to a “sell” rating in a report on Thursday, July 2nd. Finally, US Capital Advisors cut shares of Callon Petroleum from a “buy” rating to a “hold” rating and set a $3.00 price target on the stock. in a report on Friday, April 24th. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $4.46.

About Callon Petroleum

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 and southeastern New Mexico. As of December 31, 2018, its estimated net proved reserves totaled 238.5 million barrel of oil equivalent, including 180.1 MMBbls of oil and 350.5 Bcf of natural gas.

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

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