First Mercantile Trust Co. reduced its stake in shares of Carrizo Oil & Gas Inc. (NASDAQ:CRZO) by 5.7% during the second quarter, Holdings Channel reports. The fund owned 17,934 shares of the company’s stock after selling 1,080 shares during the period. First Mercantile Trust Co.’s holdings in Carrizo Oil & Gas were worth $643,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its position in shares of Carrizo Oil & Gas by 111.6% in the second quarter. BNP Paribas Arbitrage SA now owns 17,158 shares of the company’s stock valued at $615,000 after buying an additional 9,051 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Carrizo Oil & Gas during the first quarter valued at $3,069,000. Renaissance Technologies LLC bought a new position in shares of Carrizo Oil & Gas during the first quarter valued at $19,196,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Carrizo Oil & Gas during the first quarter valued at $837,000. Finally, Credit Agricole S A boosted its position in shares of Carrizo Oil & Gas by 633.3% in the first quarter. Credit Agricole S A now owns 66,000 shares of the company’s stock valued at $2,041,000 after buying an additional 57,000 shares during the period.

Shares of Carrizo Oil & Gas Inc. (NASDAQ:CRZO) opened at 34.95 on Thursday. The firm has a 50-day moving average price of $36.50 and a 200 day moving average price of $34.89. The stock’s market cap is $2.06 billion. Carrizo Oil & Gas Inc. has a 52 week low of $16.10 and a 52 week high of $43.97.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.16. The business earned $107.30 million during the quarter, compared to analysts’ expectations of $119.67 million. Carrizo Oil & Gas had a positive return on equity of 19.03% and a negative net margin of 421.40%. The firm’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. On average, analysts forecast that Carrizo Oil & Gas Inc. will post $1.09 EPS for the current fiscal year.

A number of equities research analysts have recently commented on CRZO shares. JPMorgan Chase & Co. upgraded Carrizo Oil & Gas from a “neutral” rating to an “overweight” rating and set a $40.00 target price on the stock in a research note on Thursday, May 26th. Cantor Fitzgerald reiterated a “buy” rating on shares of Carrizo Oil & Gas in a research note on Saturday, June 4th. Seaport Global Securities upgraded Carrizo Oil & Gas from a “neutral” rating to an “accumulate” rating and set a $44.00 target price on the stock in a research note on Tuesday, June 7th. Canaccord Genuity lifted their target price on Carrizo Oil & Gas from $38.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, June 9th. Finally, Stifel Nicolaus started coverage on Carrizo Oil & Gas in a research note on Thursday, June 16th. They set a “buy” rating and a $48.00 target price on the stock. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Carrizo Oil & Gas presently has a consensus rating of “Buy” and an average price target of $39.64.

In other Carrizo Oil & Gas news, Director Roger A. Ramsey sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $39.86, for a total transaction of $39,860.00. Following the completion of the transaction, the director now owns 33,450 shares in the company, valued at approximately $1,333,317. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider S P. Iv Johnson sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $39.68, for a total value of $238,080.00. Following the transaction, the insider now owns 601,717 shares of the company’s stock, valued at approximately $23,876,130.56. The disclosure for this sale can be found here. Company insiders own 6.30% of the company’s stock.

About Carrizo Oil & Gas

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.

5 Day Chart for NASDAQ:CRZO

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