Prudential Financial Inc. trimmed its position in shares of Carbo Ceramics, Inc. (NYSE:CRR) by 4.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,607 shares of the oil and gas company’s stock after selling 1,700 shares during the period. Prudential Financial Inc. owned about 0.12% of Carbo Ceramics worth $230,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CRR. Prescott Group Capital Management L.L.C. purchased a new stake in shares of Carbo Ceramics during the second quarter worth approximately $6,768,000. Dimensional Fund Advisors LP increased its stake in shares of Carbo Ceramics by 62.5% during the first quarter. Dimensional Fund Advisors LP now owns 361,011 shares of the oil and gas company’s stock worth $4,708,000 after buying an additional 138,831 shares during the period. Sprott Inc. increased its stake in shares of Carbo Ceramics by 73.0% during the second quarter. Sprott Inc. now owns 320,000 shares of the oil and gas company’s stock worth $2,192,000 after buying an additional 135,000 shares during the period. Systematic Financial Management LP purchased a new stake in shares of Carbo Ceramics during the first quarter worth approximately $1,448,000. Finally, Winslow Evans & Crocker Inc. increased its stake in shares of Carbo Ceramics by 169.6% during the second quarter. Winslow Evans & Crocker Inc. now owns 104,950 shares of the oil and gas company’s stock worth $750,000 after buying an additional 66,024 shares during the period. Hedge funds and other institutional investors own 72.19% of the company’s stock.

A number of research firms recently weighed in on CRR. Zacks Investment Research upgraded shares of Carbo Ceramics from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Piper Jaffray Companies set a $9.00 target price on shares of Carbo Ceramics and gave the stock a “hold” rating in a research note on Thursday, July 27th. Cowen and Company set a $11.00 target price on shares of Carbo Ceramics and gave the stock a “hold” rating in a research note on Friday, October 6th. ValuEngine lowered shares of Carbo Ceramics from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Finally, Scotiabank set a $12.00 target price on shares of Carbo Ceramics and gave the stock a “hold” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Carbo Ceramics presently has an average rating of “Hold” and a consensus target price of $10.78.

Carbo Ceramics, Inc. (NYSE CRR) opened at 7.02 on Friday. The firm’s market capitalization is $190.57 million. The company has a 50-day moving average price of $7.57 and a 200-day moving average price of $7.76. Carbo Ceramics, Inc. has a one year low of $5.66 and a one year high of $16.70.

Carbo Ceramics (NYSE:CRR) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.86) by ($0.07). Carbo Ceramics had a negative return on equity of 12.72% and a negative net margin of 72.46%. The business had revenue of $43.57 million for the quarter, compared to analysts’ expectations of $36.50 million. During the same quarter in the prior year, the firm earned ($0.88) earnings per share. Carbo Ceramics’s revenue for the quarter was up 111.0% compared to the same quarter last year. On average, equities research analysts anticipate that Carbo Ceramics, Inc. will post ($3.62) EPS for the current year.

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Carbo Ceramics Company Profile

CARBO Ceramics Inc is a technology company that provides products and services to the global oil and gas and industrial markets. The Company operates through two segments: Oilfield Technologies and Services, and Environmental Products and Services. The Company’s oilfield technologies and services segment includes the manufacturing and selling of proppant products for use primarily in the hydraulic fracturing of oil and natural gas wells, Fracpro software for the design of fracture treatments, and StrataGen consulting services for the optimizing of well completions.

Institutional Ownership by Quarter for Carbo Ceramics (NYSE:CRR)

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