CIBC Asset Management Inc purchased a new position in Carrizo Oil & Gas Inc (NASDAQ:CRZO) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 9,996 shares of the oil and gas producer’s stock, valued at approximately $278,000.

Several other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC increased its stake in Carrizo Oil & Gas by 1,165.2% in the first quarter. SG Americas Securities LLC now owns 98,613 shares of the oil and gas producer’s stock valued at $1,578,000 after purchasing an additional 90,819 shares during the last quarter. Kimmeridge Energy Management Company LLC increased its stake in Carrizo Oil & Gas by 34.2% in the first quarter. Kimmeridge Energy Management Company LLC now owns 5,356,300 shares of the oil and gas producer’s stock valued at $85,701,000 after purchasing an additional 1,365,800 shares during the last quarter. Swiss National Bank increased its stake in Carrizo Oil & Gas by 2.2% in the first quarter. Swiss National Bank now owns 141,739 shares of the oil and gas producer’s stock valued at $2,268,000 after purchasing an additional 3,000 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Carrizo Oil & Gas during the first quarter worth about $315,000. Finally, Stephens Investment Management Group LLC increased its stake in Carrizo Oil & Gas by 69.7% during the first quarter. Stephens Investment Management Group LLC now owns 899,007 shares of the oil and gas producer’s stock worth $14,384,000 after acquiring an additional 369,243 shares during the last quarter.

In other news, General Counsel Gerald A. Morton sold 12,428 shares of the company’s stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $29.90, for a total value of $371,597.20. Following the completion of the sale, the general counsel now owns 99,436 shares of the company’s stock, valued at $2,973,136.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frank A. Wojtek sold 2,000 shares of the company’s stock in a transaction dated Friday, June 22nd. The stock was sold at an average price of $29.39, for a total value of $58,780.00. Following the completion of the sale, the director now directly owns 28,008 shares of the company’s stock, valued at approximately $823,155.12. The disclosure for this sale can be found here. Insiders sold 76,428 shares of company stock valued at $2,115,777 in the last ninety days. Company insiders own 5.40% of the company’s stock.

Shares of NASDAQ CRZO opened at $24.23 on Wednesday. Carrizo Oil & Gas Inc has a 1-year low of $11.10 and a 1-year high of $31.57. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 3.52. The stock has a market capitalization of $1.99 billion, a PE ratio of 11.11 and a beta of 2.21.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its earnings results on Monday, August 6th. The oil and gas producer reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.12. Carrizo Oil & Gas had a return on equity of 52.59% and a net margin of 5.84%. The company had revenue of $264.00 million during the quarter, compared to the consensus estimate of $230.08 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The company’s revenue was up 58.6% compared to the same quarter last year. research analysts anticipate that Carrizo Oil & Gas Inc will post 3.01 EPS for the current fiscal year.

Several equities research analysts have commented on the company. Royal Bank of Canada restated a “buy” rating and set a $29.00 price target on shares of Carrizo Oil & Gas in a research note on Thursday, July 12th. Zacks Investment Research lowered Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Stifel Nicolaus dropped their price target on Carrizo Oil & Gas from $44.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, June 28th. Jefferies Financial Group restated a “hold” rating and set a $27.00 price target on shares of Carrizo Oil & Gas in a research note on Wednesday, July 18th. Finally, Williams Capital restated a “buy” rating and set a $41.00 price target on shares of Carrizo Oil & Gas in a research note on Monday, July 23rd. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Carrizo Oil & Gas presently has an average rating of “Buy” and an average target price of $28.74.

Carrizo Oil & Gas Profile

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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