Diversified Trust Co Makes New Investment in Callon Petroleum (NYSE:CPE)

Diversified Trust Co purchased a new position in shares of Callon Petroleum (NYSE:CPEGet Rating) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,671 shares of the oil and natural gas company’s stock, valued at approximately $497,000.

A number of other institutional investors have also modified their holdings of the stock. Point72 Hong Kong Ltd increased its holdings in shares of Callon Petroleum by 14.5% in the first quarter. Point72 Hong Kong Ltd now owns 2,299 shares of the oil and natural gas company’s stock valued at $136,000 after purchasing an additional 291 shares during the period. Advisor Partners LLC increased its holdings in shares of Callon Petroleum by 4.1% in the first quarter. Advisor Partners LLC now owns 7,882 shares of the oil and natural gas company’s stock valued at $466,000 after purchasing an additional 314 shares during the period. Mutual of America Capital Management LLC increased its holdings in shares of Callon Petroleum by 5.0% in the first quarter. Mutual of America Capital Management LLC now owns 6,809 shares of the oil and natural gas company’s stock valued at $402,000 after purchasing an additional 323 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Callon Petroleum by 2.1% in the first quarter. Victory Capital Management Inc. now owns 20,465 shares of the oil and natural gas company’s stock valued at $1,049,000 after purchasing an additional 429 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Callon Petroleum by 25.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,296 shares of the oil and natural gas company’s stock valued at $135,000 after buying an additional 462 shares in the last quarter. Institutional investors and hedge funds own 87.85% of the company’s stock.

Callon Petroleum Stock Down 1.8 %

CPE opened at $37.14 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.39 and a current ratio of 0.39. Callon Petroleum has a one year low of $33.85 and a one year high of $66.48. The business’s fifty day moving average is $41.27 and its two-hundred day moving average is $48.97. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 2.53 and a beta of 2.72.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CPE shares. KeyCorp started coverage on Callon Petroleum in a research note on Monday. They issued a “sector weight” rating on the stock. Truist Financial decreased their price target on Callon Petroleum from $101.00 to $94.00 and set a “buy” rating on the stock in a research note on Wednesday, July 13th. Citigroup lifted their price target on Callon Petroleum from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, September 9th. Royal Bank of Canada upgraded Callon Petroleum from a “sector perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Wednesday, July 6th. Finally, JPMorgan Chase & Co. decreased their price target on Callon Petroleum from $75.00 to $68.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $71.63.

About Callon Petroleum

(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.

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

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