Van ECK Associates Corp lessened its stake in Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 38.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,078 shares of the oil and gas producer’s stock after selling 6,906 shares during the quarter. Van ECK Associates Corp’s holdings in Carrizo Oil & Gas were worth $125,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CRZO. Zimmer Partners LP purchased a new position in Carrizo Oil & Gas in the third quarter worth approximately $76,860,000. Vanguard Group Inc grew its position in Carrizo Oil & Gas by 22.1% in the third quarter. Vanguard Group Inc now owns 9,032,268 shares of the oil and gas producer’s stock worth $227,614,000 after acquiring an additional 1,633,508 shares during the period. Vanguard Group Inc. grew its position in Carrizo Oil & Gas by 22.1% in the third quarter. Vanguard Group Inc. now owns 9,032,268 shares of the oil and gas producer’s stock worth $227,614,000 after acquiring an additional 1,633,508 shares during the period. BlackRock Inc. grew its position in Carrizo Oil & Gas by 14.4% in the third quarter. BlackRock Inc. now owns 12,449,324 shares of the oil and gas producer’s stock worth $313,723,000 after acquiring an additional 1,569,126 shares during the period. Finally, Tributary Capital Management LLC purchased a new position in Carrizo Oil & Gas in the fourth quarter worth approximately $8,617,000.

Several research analysts recently weighed in on CRZO shares. Williams Capital set a $22.00 price objective on Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Wednesday, December 12th. MKM Partners started coverage on Carrizo Oil & Gas in a research report on Wednesday, December 5th. They issued a “buy” rating and a $27.00 price objective for the company. Raymond James set a $21.00 price objective on Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Northland Securities reiterated a “buy” rating and issued a $25.00 price objective on shares of Carrizo Oil & Gas in a research report on Tuesday, February 26th. Finally, Capital One Financial lowered Carrizo Oil & Gas from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. Carrizo Oil & Gas currently has a consensus rating of “Hold” and a consensus target price of $25.41.

In other news, CEO S P. Iv Johnson sold 8,000 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $12.55, for a total transaction of $100,400.00. Following the completion of the transaction, the chief executive officer now directly owns 131,076 shares in the company, valued at $1,645,003.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last 90 days, insiders have sold 24,000 shares of company stock valued at $301,040. Company insiders own 5.40% of the company’s stock.

CRZO opened at $11.62 on Friday. Carrizo Oil & Gas Inc has a 52 week low of $9.67 and a 52 week high of $31.57. The firm has a market cap of $1.06 billion, a PE ratio of 4.18, a PEG ratio of 0.18 and a beta of 2.26. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.67.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Monday, February 25th. The oil and gas producer reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. Carrizo Oil & Gas had a return on equity of 42.15% and a net margin of 37.94%. The business had revenue of $273.30 million during the quarter, compared to analyst estimates of $268.91 million. During the same period last year, the business posted $0.58 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Equities research analysts predict that Carrizo Oil & Gas Inc will post 2.25 earnings per share for the current fiscal year.

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About Carrizo Oil & Gas

Carrizo Oil & Gas, Inc, together with its subsidiaries, engages in the exploration, development, and production of crude oil, natural gas liquids, and gas from resource plays primarily in the United States. The company holds interests in oil and gas plays, including Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas.

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Institutional Ownership by Quarter for Carrizo Oil & Gas (NASDAQ:CRZO)

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