Globeflex Capital L P lowered its position in Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 54.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,969 shares of the oil and gas producer’s stock after selling 50,171 shares during the quarter. Globeflex Capital L P’s holdings in Carrizo Oil & Gas were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Teachers Advisors LLC lifted its holdings in Carrizo Oil & Gas by 10.1% during the third quarter. Teachers Advisors LLC now owns 167,971 shares of the oil and gas producer’s stock valued at $4,233,000 after purchasing an additional 15,408 shares in the last quarter. Strs Ohio lifted its holdings in Carrizo Oil & Gas by 10.4% during the fourth quarter. Strs Ohio now owns 138,000 shares of the oil and gas producer’s stock valued at $1,558,000 after purchasing an additional 13,000 shares in the last quarter. Arizona State Retirement System lifted its holdings in Carrizo Oil & Gas by 6.2% during the fourth quarter. Arizona State Retirement System now owns 131,226 shares of the oil and gas producer’s stock valued at $1,482,000 after purchasing an additional 7,630 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Carrizo Oil & Gas by 55.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 18,896 shares of the oil and gas producer’s stock valued at $213,000 after purchasing an additional 6,720 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Carrizo Oil & Gas by 29.5% during the fourth quarter. Rhumbline Advisers now owns 255,820 shares of the oil and gas producer’s stock valued at $2,888,000 after purchasing an additional 58,290 shares in the last quarter.

In related news, CFO David L. Pitts sold 22,109 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $12.11, for a total value of $267,739.99. Following the sale, the chief financial officer now owns 130,018 shares in the company, valued at $1,574,517.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John Bradley Fisher sold 30,755 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $12.11, for a total transaction of $372,443.05. Following the completion of the sale, the chief operating officer now owns 208,460 shares in the company, valued at approximately $2,524,450.60. The disclosure for this sale can be found here. Insiders sold 130,523 shares of company stock worth $1,583,594 in the last 90 days. 4.80% of the stock is currently owned by company insiders.

Several research firms have recently commented on CRZO. BidaskClub downgraded shares of Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a report on Friday, April 5th. Zacks Investment Research raised shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Thursday, April 25th. Williams Capital set a $19.00 target price on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a report on Tuesday, February 26th. Ifs Securities downgraded shares of Carrizo Oil & Gas from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $15.00 to $13.00 in a report on Tuesday, April 23rd. Finally, Wells Fargo & Co began coverage on shares of Carrizo Oil & Gas in a report on Monday, May 20th. They issued a “market perform” rating and a $15.00 target price on the stock. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. Carrizo Oil & Gas currently has an average rating of “Hold” and an average price target of $23.08.

Shares of CRZO opened at $10.18 on Friday. Carrizo Oil & Gas Inc has a fifty-two week low of $9.67 and a fifty-two week high of $31.57. The firm has a market capitalization of $960.20 million, a P/E ratio of 3.66, a price-to-earnings-growth ratio of 0.13 and a beta of 2.27. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 1.55.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly earnings results on Tuesday, May 7th. The oil and gas producer reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. Carrizo Oil & Gas had a net margin of 49.20% and a return on equity of 32.14%. The company had revenue of $233.04 million for the quarter, compared to analysts’ expectations of $228.41 million. During the same quarter in the previous year, the business posted $0.48 earnings per share. Carrizo Oil & Gas’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, analysts anticipate that Carrizo Oil & Gas Inc will post 2.88 EPS for the current year.

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About Carrizo Oil & Gas

Carrizo Oil & Gas, Inc, an energy company, explores for, develops, and produces 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 the Eagle Ford Shale in South Texas; and the Permian Basin in West Texas.

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

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