Callon Petroleum (NYSE:CPE) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its stake in shares of Callon Petroleum (NYSE:CPE - Free Report) by 17.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 688,173 shares of the oil and natural gas company's stock after selling 145,414 shares during the period. Allspring Global Investments Holdings LLC owned about 1.02% of Callon Petroleum worth $22,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in 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 valued at $261,046,000 after purchasing an additional 51,403 shares during the period. LSV Asset Management raised its position in Callon Petroleum by 374.2% in the third quarter. LSV Asset Management now owns 121,392 shares of the oil and natural gas company's stock worth $4,749,000 after acquiring an additional 95,793 shares during the period. Boston Trust Walden Corp bought a new position in Callon Petroleum in the third quarter worth approximately $27,941,000. Victory Capital Management Inc. raised its position in Callon Petroleum by 1,839.8% in the third quarter. Victory Capital Management Inc. now owns 251,399 shares of the oil and natural gas company's stock worth $9,835,000 after acquiring an additional 238,439 shares during the period. Finally, Aigen Investment Management LP bought a new position in Callon Petroleum in the third quarter worth approximately $1,399,000. Institutional investors own 91.08% of the company's stock.

Callon Petroleum Stock Performance

Shares of NYSE:CPE remained flat at $35.76 on Friday. Callon Petroleum has a 1-year low of $28.62 and a 1-year high of $41.36. The stock has a fifty day moving average price of $33.30 and a two-hundred day moving average price of $33.70. The company has a market capitalization of $2.38 billion, a PE ratio of 5.87 and a beta of 2.46. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.39.

Callon Petroleum (NYSE:CPE - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The oil and natural gas company reported $1.62 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.12). Callon Petroleum had a net margin of 17.12% and a return on equity of 12.65%. The business had revenue of $601.36 million during the quarter, compared to the consensus estimate of $563.30 million. As a group, analysts forecast that Callon Petroleum will post 6.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CPE. StockNews.com assumed coverage on shares of Callon Petroleum in a research report on Saturday. They issued a "hold" rating on the stock. 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 research note on Friday, March 15th. Finally, Stifel Nicolaus reissued a "hold" rating and issued a $32.00 price objective (down 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 issued a buy rating to the company. According to data from MarketBeat.com, Callon Petroleum presently has a consensus rating of "Hold" and an average target price 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.