Callon Petroleum (NYSE:CPE) Major Shareholder Holdings L.P. Blackstone III Sells 193,099 Shares

Callon Petroleum (NYSE:CPEGet Rating) major shareholder Holdings L.P. Blackstone III sold 193,099 shares of the stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $61.60, for a total value of $11,894,898.40. Following the completion of the sale, the insider now directly owns 6,135,002 shares of the company’s stock, valued at $377,916,123.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Holdings L.P. Blackstone III also recently made the following trade(s):

  • On Tuesday, April 12th, Holdings L.P. Blackstone III sold 97,625 shares of Callon Petroleum stock. The shares were sold at an average price of $62.54, for a total value of $6,105,467.50.
  • On Thursday, April 7th, Holdings L.P. Blackstone III sold 13,353 shares of Callon Petroleum stock. The shares were sold at an average price of $61.54, for a total value of $821,743.62.

NYSE CPE traded up $1.00 during trading hours on Monday, hitting $62.17. The company had a trading volume of 2,323,308 shares, compared to its average volume of 1,986,043. Callon Petroleum has a 52 week low of $25.32 and a 52 week high of $66.48. The firm has a 50 day simple moving average of $57.62 and a 200 day simple moving average of $54.77. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 9.88 and a beta of 2.81.

Callon Petroleum (NYSE:CPEGet Rating) last issued its earnings results on Wednesday, February 23rd. The oil and natural gas company reported $2.66 EPS for the quarter, missing the consensus estimate of $2.81 by ($0.15). Callon Petroleum had a return on equity of 40.46% and a net margin of 17.86%. The company had revenue of $692.19 million during the quarter, compared to the consensus estimate of $542.75 million. During the same quarter in the prior year, the business earned $1.00 EPS. On average, research analysts forecast that Callon Petroleum will post 14.9 earnings per share for the current year.

Several equities research analysts have recently issued reports on the company. StockNews.com assumed coverage on Callon Petroleum in a research report on Thursday, March 31st. They set a “hold” rating for the company. Truist Financial raised Callon Petroleum from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $64.00 to $100.00 in a report on Tuesday, March 8th. JPMorgan Chase & Co. lowered Callon Petroleum from a “neutral” rating to an “underweight” rating and set a $62.00 price objective for the company. in a report on Friday, January 21st. Morgan Stanley decreased their price objective on Callon Petroleum from $77.00 to $63.00 and set an “equal weight” rating for the company in a report on Tuesday, January 25th. Finally, Roth Capital raised Callon Petroleum from a “neutral” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Callon Petroleum has an average rating of “Hold” and an average target price of $69.11.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Macquarie Group Ltd. boosted its position in shares of Callon Petroleum by 23.8% during the 3rd quarter. Macquarie Group Ltd. now owns 1,829 shares of the oil and natural gas company’s stock valued at $90,000 after acquiring an additional 352 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Callon Petroleum by 7.9% during the 3rd quarter. CIBC Asset Management Inc now owns 5,475 shares of the oil and natural gas company’s stock valued at $269,000 after acquiring an additional 399 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Callon Petroleum by 3.7% during the 4th quarter. Bank of Montreal Can now owns 12,538 shares of the oil and natural gas company’s stock valued at $602,000 after acquiring an additional 449 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Callon Petroleum by 100.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,000 shares of the oil and natural gas company’s stock valued at $49,000 after acquiring an additional 500 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Callon Petroleum by 15.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 4,305 shares of the oil and natural gas company’s stock valued at $211,000 after acquiring an additional 591 shares during the last quarter. Institutional investors and hedge funds own 90.38% of the company’s stock.

Callon Petroleum Company Profile (Get Rating)

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, exploration, and development of oil and natural gas properties in Permian Basin in West Texas. As of December 31, 2021, its estimated net proved reserves totaled approximately 484.6 million barrel of oil equivalent, including 290.3 MMBbls oil, 577.3 Bcf of natural gas, and 98.1 MMBbls of natural gas liquids.

Recommended Stories

Insider Buying and Selling by Quarter for Callon Petroleum (NYSE:CPE)

Receive News & Ratings for Callon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.