Callon Petroleum Company (CPE) loses confidence of 40 hedge fund managers

Callon Petroleum Company (NYSE:CPE) is on recovery track with 15.2% gain from a 1-year low price of $9.34. The company lost -5.36% to attain the price of $10.76 on 12/06/2017. Throughout the recent session, the prices were hovering between $10.74 and $11.31. These shares are 45.35% off its target price of $15.64 and the current market capitalization stands at $2.17B. The recent change has given its price a -2.2% deficit over SMA 50 and -40.22% deficit over its 52-week high. The stock witnessed -11.29% declines, 5.7% gains and 4.06% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CPE’s volatility during a week at 4.2% and during a month it has been found around 3.96%.

Callon Petroleum Company (CPE) Top Holders

Institutional investors currently hold around $2.92 billion or 0% in CPE stock. Look at its top three institutional owners. Blackrock Inc. owns $246.17 million in Callon Petroleum Company, which represents roughly 11.34% of the company’s market cap and approximately 8.43% of the institutional ownership. Similar statistics are true for the second largest owner, Wellington Management Group Llp, which owns 20,965,552 shares of the stock are valued at $238.38 million. The third largest holder is Fmr Llc, which currently holds $196.38 million worth of this stock and that ownership represents nearly 9.05% of its market capitalization.

Callon Petroleum Company 13F Filings

At the end of 09/30/2017 reporting period, 174 institutional holders increased their position in Callon Petroleum Company (NYSE:CPE) by some 45,433,681 shares, 114 decreased positions by 28,268,618 and 31 held positions by 183,096,157. That puts total institutional holdings at 256,798,456 shares, according to SEC filings. The stock grabbed 57 new institutional investments totaling 5,718,929 shares while 40 institutional investors sold out their entire positions totaling 15,441,561 shares.

Callon Petroleum Company (NYSE:CPE) Insider Trades

Multiple company employees have indulged in significant insider trading. Callon Petroleum Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Vice President of Land Weant Jerry A has sold 4,000 shares of Callon Petroleum Company (CPE) in trading session dated Feb. 14, 2017. These shares are worth $57,800 and were traded at $14.45 each. The SEC filing shows that Weant Jerry A performed a purchase of 1,000 shares. The Vice President of Land added these shares by way of transaction on Jan. 13, 2016. The company’s shares were assimilated at $6 per share worth to an investment of some $6,000 on account of Weant Jerry A.

Vice President of Land, Weant Jerry A, purchased 1,000 common shares of Callon Petroleum Company (CPE) in the open market. In a transaction dated Jan. 11, 2016, the shares were bought at an average price of $6.75, giving away a sum of $6,750. After this purchase, 3,000 common shares of CPE are directly owned by the insider, with total stake valued at $32,280.

In the transaction dated Jan. 06, 2016, the great number of shares acquired came courtesy the Director; Bob Matthew Regis added a total of 7,000 shares at an average price of $7.5, amounting to approximately $52,500. The insider now directly owns 23,184 shares worth $249,460.

Callon Petroleum Company (CPE) Analyst Guide

Several analysts have released their opinion on Callon Petroleum Company (NYSE:CPE), with 16 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.12 average brokerage recommendation.

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