Yousif Capital Management LLC Has $997,000 Stock Position in Callon Petroleum (NYSE:CPE)

Yousif Capital Management LLC boosted its stake in shares of Callon Petroleum (NYSE:CPE) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,783 shares of the oil and natural gas company’s stock after purchasing an additional 3,141 shares during the quarter. Yousif Capital Management LLC’s holdings in Callon Petroleum were worth $997,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CPE. Bank of New York Mellon Corp raised its position in shares of Callon Petroleum by 2.8% during the third quarter. Bank of New York Mellon Corp now owns 626,546 shares of the oil and natural gas company’s stock valued at $24,510,000 after buying an additional 17,115 shares during the last quarter. New York State Teachers Retirement System raised its holdings in Callon Petroleum by 6.7% in the 3rd quarter. New York State Teachers Retirement System now owns 55,924 shares of the oil and natural gas company’s stock valued at $2,188,000 after acquiring an additional 3,496 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Callon Petroleum by 4.4% in 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 acquiring an additional 700 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Callon Petroleum by 1.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 833,587 shares of the oil and natural gas company’s stock worth $32,610,000 after purchasing an additional 12,234 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its position in shares of Callon Petroleum by 150.2% during the third quarter. Panagora Asset Management Inc. now owns 295,295 shares of the oil and natural gas company’s stock valued at $11,552,000 after purchasing an additional 177,274 shares during the period. 91.08% of the stock is owned by institutional investors.

Callon Petroleum Price Performance

Shares of NYSE:CPE opened at $35.76 on Friday. The company has a market capitalization of $2.38 billion, a PE ratio of 5.87 and a beta of 2.46. Callon Petroleum has a 52 week low of $28.62 and a 52 week high of $41.36. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.39. The company’s fifty day moving average is $34.53 and its 200-day moving average is $33.61.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CPE shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $32.00 target price (down from $44.00) on shares of Callon Petroleum in a research report on Tuesday, January 23rd. Mizuho reduced their price objective on shares of 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 assumed coverage on shares of Callon Petroleum in a research report on Monday, April 29th. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Callon Petroleum presently has an average rating of “Hold” and a consensus target price 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.