Dimensional Fund Advisors LP Has $119.43 Million Stake in Callon Petroleum (CPE)

Dimensional Fund Advisors LP increased its holdings in Callon Petroleum (NYSE:CPE) by 47.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,625,848 shares of the oil and natural gas company’s stock after buying an additional 3,440,342 shares during the period. Dimensional Fund Advisors LP owned 5.26% of Callon Petroleum worth $119,434,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Fondren Management LP purchased a new stake in Callon Petroleum during the second quarter valued at about $106,000. BB&T Securities LLC purchased a new stake in Callon Petroleum during the third quarter valued at about $112,000. FFT Wealth Management LLC purchased a new stake in Callon Petroleum during the second quarter valued at about $113,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Callon Petroleum during the second quarter valued at about $133,000. Finally, Intrust Bank NA purchased a new stake in Callon Petroleum during the third quarter valued at about $139,000.

Shares of Callon Petroleum (NYSE:CPE) opened at $10.49 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $2,117.26, a P/E ratio of 29.14 and a beta of 1.33. Callon Petroleum has a 12-month low of $9.34 and a 12-month high of $16.32.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). The firm had revenue of $84.60 million for the quarter, compared to the consensus estimate of $81.98 million. Callon Petroleum had a net margin of 30.20% and a return on equity of 4.05%. The business’s revenue was up 51.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 earnings per share. equities research analysts anticipate that Callon Petroleum will post 0.39 earnings per share for the current year.

A number of equities research analysts have weighed in on the company. Northland Securities set a $16.00 price target on Callon Petroleum and gave the company a “buy” rating in a research report on Monday, December 11th. Credit Suisse Group began coverage on Callon Petroleum in a report on Monday, December 11th. They issued a “neutral” rating and a $12.00 price objective on the stock. Jefferies Group began coverage on Callon Petroleum in a report on Monday, October 9th. They issued a “buy” rating and a $16.00 price objective on the stock. BMO Capital Markets set a $15.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, Mizuho upgraded Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Callon Petroleum currently has an average rating of “Buy” and an average price target of $17.09.

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About Callon Petroleum

Callon Petroleum Company is an independent oil and natural gas company. The Company is engaged in the exploration, development, acquisition and production of oil and natural gas properties. The Company focuses on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin.

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

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