Carrizo Oil & Gas, Inc. (CRZO) Position Boosted by Strs Ohio
Strs Ohio increased its holdings in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) by 7.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,000 shares of the oil and gas producer’s stock after buying an additional 10,000 shares during the quarter. Strs Ohio owned about 0.18% of Carrizo Oil & Gas worth $2,569,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC grew its holdings in Carrizo Oil & Gas by 6.4% in the 2nd quarter. SG Americas Securities LLC now owns 79,499 shares of the oil and gas producer’s stock worth $1,385,000 after buying an additional 4,785 shares in the last quarter. American Century Companies Inc. bought a new position in Carrizo Oil & Gas in the 2nd quarter worth approximately $4,147,000. Pacad Investment Ltd. bought a new position in Carrizo Oil & Gas in the 2nd quarter worth approximately $1,246,000. Vanguard Group Inc. grew its holdings in Carrizo Oil & Gas by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 6,022,707 shares of the oil and gas producer’s stock worth $172,611,000 after buying an additional 350,219 shares in the last quarter. Finally, Penn Capital Management Co. Inc. bought a new position in Carrizo Oil & Gas in the 2nd quarter worth approximately $392,000.
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In other news, Director Steven A. Webster purchased 75,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was bought at an average price of $13.89 per share, with a total value of $1,041,750.00. Following the acquisition, the director now directly owns 2,724,410 shares of the company’s stock, valued at $37,842,054.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven A. Webster purchased 29,700 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average cost of $13.36 per share, with a total value of $396,792.00. Following the acquisition, the director now directly owns 2,724,410 shares in the company, valued at $36,398,117.60. The disclosure for this purchase can be found here. Insiders bought a total of 431,600 shares of company stock valued at $5,602,306 in the last three months. 6.00% of the stock is owned by company insiders.
A number of equities analysts have issued reports on CRZO shares. Zacks Investment Research lowered Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Mizuho lowered Carrizo Oil & Gas from a “buy” rating to a “neutral” rating and decreased their price target for the company from $32.00 to $17.00 in a research note on Thursday, September 7th. Tudor Pickering lowered Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. J P Morgan Chase & Co lowered Carrizo Oil & Gas from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $30.00 to $21.00 in a research note on Thursday, July 20th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $25.00 price target (down from $64.00) on shares of Carrizo Oil & Gas in a research note on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $30.68.
Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. Carrizo Oil & Gas had a negative net margin of 0.98% and a positive return on equity of 1,494.45%. The company had revenue of $166.50 million during the quarter, compared to analyst estimates of $163.22 million. During the same quarter in the previous year, the business earned $0.29 EPS. The firm’s revenue was up 55.2% on a year-over-year basis.
Carrizo Oil & Gas Company Profile
Carrizo Oil & Gas, Inc is an energy company. The Company is engaged in the exploration, development and production of oil and gas from resource plays located in the United States. Its operations are focused in proven, producing oil and gas plays in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.
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