Mackenzie Financial Corp Invests $217,000 in Callon Petroleum (NYSE:CPE)

Mackenzie Financial Corp bought a new position in shares of Callon Petroleum (NYSE:CPE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,690 shares of the oil and natural gas company’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Callon Petroleum by 0.8% during the third quarter. Vanguard Group Inc. now owns 6,672,950 shares of the oil and natural gas company’s stock worth $261,046,000 after acquiring an additional 51,403 shares during the last quarter. Royal Bank of Canada raised its position in shares of Callon Petroleum by 510.9% during the third quarter. Royal Bank of Canada now owns 1,674,634 shares of the oil and natural gas company’s stock worth $65,511,000 after acquiring an additional 1,400,493 shares during the last quarter. Channing Capital Management LLC raised its position in shares of Callon Petroleum by 20.1% during the third quarter. Channing Capital Management LLC now owns 1,425,586 shares of the oil and natural gas company’s stock worth $55,769,000 after acquiring an additional 238,113 shares during the last quarter. Boston Trust Walden Corp raised its position in shares of Callon Petroleum by 54.2% during the fourth quarter. Boston Trust Walden Corp now owns 1,101,367 shares of the oil and natural gas company’s stock worth $35,684,000 after acquiring an additional 387,125 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Callon Petroleum by 11.0% during the third quarter. American Century Companies Inc. now owns 931,728 shares of the oil and natural gas company’s stock worth $36,449,000 after acquiring an additional 92,413 shares during the last quarter. Institutional investors own 91.08% of the company’s stock.

Analyst Upgrades and Downgrades

CPE has been the subject of a number of recent analyst reports. Stifel Nicolaus reiterated a “hold” rating and issued a $32.00 price objective (down previously from $44.00) on shares of Callon Petroleum in a report on Tuesday, January 23rd. Mizuho dropped their price objective on Callon Petroleum from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, March 15th. Finally, StockNews.com initiated coverage on Callon Petroleum in a report on Monday. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Callon Petroleum presently has a consensus rating of “Hold” and an average price target of $40.33.

Callon Petroleum Stock Up 1.8 %

Shares of Callon Petroleum stock opened at $35.76 on Monday. Callon Petroleum has a 1 year low of $28.62 and a 1 year high of $41.36. The business has a 50-day moving average of $34.16 and a two-hundred day moving average of $33.66. The company has a market capitalization of $2.38 billion, a P/E ratio of 5.87 and a beta of 2.46. 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 (NYSE:CPE) last announced 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 business had revenue of $601.36 million during the quarter, compared to the consensus estimate of $563.30 million. As a group, equities analysts predict that Callon Petroleum will post 6.56 EPS for the current year.

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.