Pinebridge Investments L.P. raised its position in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) by 26.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,753 shares of the oil and gas producer’s stock after purchasing an additional 9,100 shares during the period. Pinebridge Investments L.P. owned approximately 0.07% of Carrizo Oil & Gas worth $763,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the business. BlackRock Inc. increased its stake in Carrizo Oil & Gas by 11.4% in the second quarter. BlackRock Inc. now owns 9,534,149 shares of the oil and gas producer’s stock valued at $166,088,000 after purchasing an additional 978,942 shares in the last quarter. Vanguard Group Inc. increased its stake in Carrizo Oil & Gas by 6.2% in the first quarter. Vanguard Group Inc. now owns 6,022,707 shares of the oil and gas producer’s stock valued at $172,611,000 after purchasing an additional 350,219 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in Carrizo Oil & Gas by 17.0% in the second quarter. Frontier Capital Management Co. LLC now owns 4,905,089 shares of the oil and gas producer’s stock valued at $85,447,000 after purchasing an additional 714,257 shares in the last quarter. State Street Corp increased its stake in Carrizo Oil & Gas by 17.9% in the first quarter. State Street Corp now owns 2,964,206 shares of the oil and gas producer’s stock valued at $84,959,000 after purchasing an additional 450,443 shares in the last quarter. Finally, Caymus Capital Partners L.P. increased its stake in Carrizo Oil & Gas by 12.6% in the second quarter. Caymus Capital Partners L.P. now owns 1,577,900 shares of the oil and gas producer’s stock valued at $27,487,000 after purchasing an additional 176,100 shares in the last quarter.

Several brokerages have commented on CRZO. Mizuho reaffirmed a “buy” rating and issued a $32.00 target price on shares of Carrizo Oil & Gas in a research note on Friday, June 30th. BMO Capital Markets set a $20.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Monday, June 26th. Seaport Global Securities downgraded shares of Carrizo Oil & Gas from a “buy” rating to a “sell” rating in a research note on Wednesday, June 21st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $25.00 target price (down previously from $64.00) on shares of Carrizo Oil & Gas in a research note on Tuesday, August 29th. Finally, Tudor Pickering downgraded shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $35.63.

Carrizo Oil & Gas, Inc. (NASDAQ CRZO) opened at 17.13 on Friday. The stock has a 50 day moving average of $13.47 and a 200 day moving average of $20.45. Carrizo Oil & Gas, Inc. has a 12 month low of $11.10 and a 12 month high of $43.96. The company’s market capitalization is $1.40 billion.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.05. The company had revenue of $166.50 million for the quarter, compared to the consensus estimate of $163.22 million. Carrizo Oil & Gas had a negative net margin of 0.98% and a positive return on equity of 1,494.45%. The firm’s quarterly revenue was up 55.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. Equities analysts anticipate that Carrizo Oil & Gas, Inc. will post $1.08 EPS for the current fiscal year.

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In related news, Director Steven A. Webster purchased 75,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average cost of $13.89 per share, with a total value of $1,041,750.00. Following the acquisition, the director now owns 2,724,410 shares of the company’s stock, valued at $37,842,054.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Webster purchased 151,900 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was bought at an average cost of $13.56 per share, for a total transaction of $2,059,764.00. Following the completion of the acquisition, the director now directly owns 2,724,410 shares in the company, valued at approximately $36,942,999.60. The disclosure for this purchase can be found here. Insiders purchased a total of 431,600 shares of company stock worth $5,602,306 over the last three months. 6.00% of the stock is owned by insiders.

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

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