SG Americas Securities LLC increased its stake in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) by 6.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,499 shares of the oil and gas producer’s stock after buying an additional 4,785 shares during the period. SG Americas Securities LLC owned 0.12% of Carrizo Oil & Gas worth $1,385,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Comerica Bank raised its position in shares of Carrizo Oil & Gas by 23.2% in the first quarter. Comerica Bank now owns 385,218 shares of the oil and gas producer’s stock valued at $9,919,000 after buying an additional 72,435 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Carrizo Oil & Gas by 3.5% in the first quarter. Bank of New York Mellon Corp now owns 833,707 shares of the oil and gas producer’s stock valued at $23,893,000 after buying an additional 27,907 shares in the last quarter. Elkfork Partners LLC raised its position in shares of Carrizo Oil & Gas by 33.7% in the first quarter. Elkfork Partners LLC now owns 4,726 shares of the oil and gas producer’s stock valued at $135,000 after buying an additional 1,190 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new position in shares of Carrizo Oil & Gas during the first quarter valued at about $228,000. Finally, Falcon Point Capital LLC raised its position in shares of Carrizo Oil & Gas by 35.7% in the first quarter. Falcon Point Capital LLC now owns 239,495 shares of the oil and gas producer’s stock valued at $6,864,000 after buying an additional 63,022 shares in the last quarter. 99.96% of the stock is owned by institutional investors and hedge funds.

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) opened at 12.77 on Thursday. Carrizo Oil & Gas, Inc. has a 1-year low of $12.12 and a 1-year high of $43.96. The firm’s 50-day moving average price is $14.83 and its 200-day moving average price is $22.92. The firm’s market cap is $1.04 billion.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. Carrizo Oil & Gas had a negative net margin of 0.98% and a positive return on equity of 1,494.45%. The firm had revenue of $166.50 million for the quarter, compared to the consensus estimate of $163.22 million. During the same quarter in the previous year, the firm earned $0.29 EPS. The company’s quarterly revenue was up 55.2% compared to the same quarter last year. Equities research analysts anticipate that Carrizo Oil & Gas, Inc. will post $1.05 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “SG Americas Securities LLC Has $1.39 Million Stake in Carrizo Oil & Gas, Inc. (CRZO)” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this article can be viewed at https://www.watchlistnews.com/sg-americas-securities-llc-has-1-39-million-stake-in-carrizo-oil-gas-inc-crzo/1533188.html.

Several research analysts recently issued reports on the company. Williams Capital reaffirmed a “buy” rating and set a $42.00 target price on shares of Carrizo Oil & Gas in a research report on Tuesday, May 9th. Royal Bank Of Canada set a $40.00 target price on Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Thursday, May 11th. Robert W. Baird lowered their target price on Carrizo Oil & Gas from $50.00 to $36.00 and set an “outperform” rating for the company in a research report on Wednesday, May 24th. Jefferies Group LLC set a $36.00 target price on Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Finally, BidaskClub raised Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $39.35.

In related news, Director Steven A. Webster bought 25,000 shares of the company’s stock in a transaction on Monday, August 28th. The shares were bought at an average price of $12.67 per share, with a total value of $316,750.00. Following the transaction, the director now owns 2,826,310 shares in the company, valued at $35,809,347.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven A. Webster bought 75,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were bought at an average cost of $13.89 per share, for a total transaction of $1,041,750.00. Following the transaction, the director now owns 2,724,410 shares in the company, valued at approximately $37,842,054.90. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 356,600 shares of company stock worth $4,724,806. 6.00% of the stock is owned by insiders.

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.

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

Receive News & Ratings for Carrizo Oil & Gas Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrizo Oil & Gas Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.