Louisiana State Employees Retirement System Invests $901,000 in Callon Petroleum (NYSE:CPE)

Louisiana State Employees Retirement System acquired a new position in shares of Callon Petroleum (NYSE:CPE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27,800 shares of the oil and natural gas company’s stock, valued at approximately $901,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Yousif Capital Management LLC boosted its position 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 purchasing an additional 290 shares in the last quarter. Stifel Financial Corp lifted its position in Callon Petroleum by 0.6% in the 3rd quarter. Stifel Financial Corp now owns 72,386 shares of the oil and natural gas company’s stock valued at $2,832,000 after acquiring an additional 426 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in Callon Petroleum by 2.9% during the 3rd quarter. Maryland State Retirement & Pension System now owns 20,586 shares of the oil and natural gas company’s stock valued at $805,000 after purchasing an additional 579 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Callon Petroleum by 4.4% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 16,663 shares of the oil and natural gas company’s stock worth $652,000 after purchasing an additional 700 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Callon Petroleum by 24.1% in the third quarter. PNC Financial Services Group Inc. now owns 4,171 shares of the oil and natural gas company’s stock worth $163,000 after purchasing an additional 810 shares during the last quarter. Institutional investors own 91.08% of the company’s stock.

Callon Petroleum Price Performance

CPE stock opened at $35.76 on Friday. The stock has a market cap of $2.38 billion, a P/E ratio of 5.87 and a beta of 2.46. Callon Petroleum has a 1-year low of $28.62 and a 1-year high of $41.36. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. The stock’s fifty day simple moving average is $34.04 and its two-hundred day simple moving average is $33.70.

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

Wall Street Analyst Weigh In

CPE has been the topic of several analyst reports. StockNews.com assumed coverage on Callon Petroleum in a research report on Sunday, April 21st. They set a “hold” rating on the stock. Mizuho dropped 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. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $32.00 target price (down previously from $44.00) on shares of Callon Petroleum in a research note on Tuesday, January 23rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $40.33.

Callon Petroleum Company 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.