US Bancorp DE increased its stake in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) by 15.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,593 shares of the oil and gas producer’s stock after buying an additional 4,347 shares during the period. US Bancorp DE’s holdings in Carrizo Oil & Gas were worth $568,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of 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 worth $172,611,000 after buying an additional 350,219 shares in the last quarter. Geode Capital Management LLC increased its position in Carrizo Oil & Gas by 3.6% in the first quarter. Geode Capital Management LLC now owns 482,698 shares of the oil and gas producer’s stock worth $13,834,000 after buying an additional 16,972 shares in the last quarter. Creative Planning increased its position in Carrizo Oil & Gas by 10.3% in the first quarter. Creative Planning now owns 7,955 shares of the oil and gas producer’s stock worth $228,000 after buying an additional 745 shares in the last quarter. TVR Capital Management LP purchased a new position in Carrizo Oil & Gas during the first quarter worth approximately $2,594,000. Finally, Croft Leominster Inc. purchased a new position in Carrizo Oil & Gas during the first quarter worth approximately $367,000. Hedge funds and other institutional investors own 91.93% of the company’s stock.

Carrizo Oil & Gas, Inc. (NASDAQ CRZO) traded down 1.50% on Wednesday, reaching $13.15. The company’s stock had a trading volume of 774,717 shares. Carrizo Oil & Gas, Inc. has a 12 month low of $12.73 and a 12 month high of $43.96. The company has a 50-day moving average price of $15.49 and a 200 day moving average price of $24.00. The company’s market cap is $865.73 million.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The firm had revenue of $166.50 million during the quarter, compared to the consensus estimate of $163.22 million. Carrizo Oil & Gas had a positive return on equity of 1,494.45% and a negative net margin of 0.98%. The company’s revenue was up 55.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. On average, equities research analysts anticipate that Carrizo Oil & Gas, Inc. will post $1.03 EPS for the current fiscal year.

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A number of equities analysts recently commented on the company. BMO Capital Markets set a $20.00 price objective on Carrizo Oil & Gas and gave the stock a “buy” rating in a report on Saturday. Zacks Investment Research upgraded Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Williams Capital set a $35.00 price objective on Carrizo Oil & Gas and gave the stock a “buy” rating in a report on Tuesday, August 8th. BidaskClub downgraded Carrizo Oil & Gas from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, J P Morgan Chase & Co downgraded Carrizo Oil & Gas from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $30.00 to $21.00 in a report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $40.00.

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.

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

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