New York State Teachers Retirement System Sells 400 Shares of Callon Petroleum (NYSE:CPE)

New York State Teachers Retirement System cut its holdings in shares of Callon Petroleum (NYSE:CPE) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 55,524 shares of the oil and natural gas company’s stock after selling 400 shares during the period. New York State Teachers Retirement System owned 0.08% of Callon Petroleum worth $1,799,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Boston Trust Walden Corp boosted its stake 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 valued at $35,684,000 after purchasing an additional 387,125 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Callon Petroleum during the fourth quarter valued at approximately $108,000. Diversified Trust Co boosted its stake in shares of Callon Petroleum by 6.1% during the fourth quarter. Diversified Trust Co now owns 16,787 shares of the oil and natural gas company’s stock valued at $544,000 after purchasing an additional 964 shares in the last quarter. Vanguard Group Inc. boosted its stake 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 valued at $261,046,000 after purchasing an additional 51,403 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake 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 valued at $36,449,000 after purchasing an additional 92,413 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors.

Callon Petroleum Price Performance

CPE stock opened at $35.76 on Wednesday. The firm has a market cap 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. The firm’s fifty day moving average is $33.49 and its 200 day moving average is $33.65. Callon Petroleum has a one year low of $28.62 and a one year high of $41.36.

Callon Petroleum (NYSE:CPE) last announced its 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 net margin of 17.12% and a return on equity of 12.65%. The company had revenue of $601.36 million during the quarter, compared to analyst estimates of $563.30 million. On average, research analysts forecast that Callon Petroleum will post 6.56 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on CPE shares. Mizuho decreased their target price on shares of Callon Petroleum from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, March 15th. StockNews.com started coverage on shares of Callon Petroleum in a research report on Saturday. They set a “hold” rating for the company. Finally, Stifel Nicolaus reissued a “hold” rating and set a $32.00 target price (down previously from $44.00) on shares of Callon Petroleum in a research report on Tuesday, January 23rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $40.33.

Callon Petroleum 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.