New York State Teachers Retirement System Cuts Stake in Callon Petroleum (NYSE:CPE)

New York State Teachers Retirement System reduced its stake in shares of Callon Petroleum (NYSE:CPE) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,524 shares of the oil and natural gas company’s stock after selling 400 shares during the period. New York State Teachers Retirement System’s holdings in Callon Petroleum were worth $1,799,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Yousif Capital Management LLC lifted its holdings in shares of Callon Petroleum by 1.1% during the 3rd quarter. Yousif Capital Management LLC now owns 27,642 shares of the oil and natural gas company’s stock worth $1,081,000 after acquiring an additional 290 shares during the period. Point72 Hong Kong Ltd lifted its holdings in shares of Callon Petroleum by 14.5% during the 1st quarter. Point72 Hong Kong Ltd now owns 2,299 shares of the oil and natural gas company’s stock worth $136,000 after acquiring an additional 291 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Callon Petroleum by 1.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 20,011 shares of the oil and natural gas company’s stock valued at $742,000 after buying an additional 297 shares during the period. Stifel Financial Corp raised its holdings in Callon Petroleum by 0.6% in the third quarter. Stifel Financial Corp now owns 72,386 shares of the oil and natural gas company’s stock valued at $2,832,000 after buying an additional 426 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Callon Petroleum by 1.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 34,558 shares of the oil and natural gas company’s stock valued at $1,355,000 after buying an additional 441 shares during the period. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

Callon Petroleum Stock Performance

Callon Petroleum stock opened at $35.76 on Wednesday. The company has a market cap of $2.38 billion, a PE ratio of 5.87 and a beta of 2.46. The company has a fifty day moving average price of $33.49 and a two-hundred day moving average price of $33.65. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.39 and a quick ratio of 0.39. Callon Petroleum has a 12 month low of $28.62 and a 12 month high of $41.36.

Callon Petroleum (NYSE:CPE) last released its quarterly earnings data on Monday, February 26th. The oil and natural gas company reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.12). The business had revenue of $601.36 million during the quarter, compared to analyst estimates of $563.30 million. Callon Petroleum had a return on equity of 12.65% and a net margin of 17.12%. Research analysts expect that Callon Petroleum will post 6.56 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on CPE. Stifel Nicolaus restated a “hold” rating and issued a $32.00 price target (down previously from $44.00) on shares of Callon Petroleum in a report on Tuesday, January 23rd. Mizuho dropped their price objective on shares of Callon Petroleum from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, March 15th. Finally, StockNews.com began coverage on shares of Callon Petroleum in a research note on Saturday. They set a “hold” rating on the stock. Four equities research 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 presently has an average rating of “Hold” and an average price target of $40.33.

About Callon Petroleum

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.