Trexquant Investment LP acquired a new stake in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) during the second quarter, Holdings Channel reports. The firm acquired 49,569 shares of the oil and gas producer’s stock, valued at approximately $863,000.

Several other hedge funds have also recently made changes to their positions in the company. Palisade Capital Management LLC NJ raised its stake in shares of Carrizo Oil & Gas by 56.4% in the second quarter. Palisade Capital Management LLC NJ now owns 395,547 shares of the oil and gas producer’s stock valued at $6,890,000 after buying an additional 142,596 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its stake in shares of Carrizo Oil & Gas by 47.9% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 365,293 shares of the oil and gas producer’s stock valued at $6,363,000 after buying an additional 118,268 shares in the last quarter. Sei Investments Co. raised its stake in shares of Carrizo Oil & Gas by 91.2% in the second quarter. Sei Investments Co. now owns 133,152 shares of the oil and gas producer’s stock valued at $2,319,000 after buying an additional 63,508 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Carrizo Oil & Gas by 1.9% in the second quarter. Texas Permanent School Fund now owns 45,163 shares of the oil and gas producer’s stock valued at $787,000 after buying an additional 838 shares in the last quarter. Finally, Investment Counselors of Maryland LLC raised its stake in shares of Carrizo Oil & Gas by 52.7% in the second quarter. Investment Counselors of Maryland LLC now owns 761,038 shares of the oil and gas producer’s stock valued at $13,257,000 after buying an additional 262,800 shares in the last quarter. Institutional investors and hedge funds own 89.12% of the company’s stock.

Shares of Carrizo Oil & Gas, Inc. (NASDAQ CRZO) opened at 13.81 on Friday. The stock has a 50 day moving average price of $15.72 and a 200 day moving average price of $24.67. The firm’s market capitalization is $909.18 million. Carrizo Oil & Gas, Inc. has a 12 month low of $12.73 and a 12 month high of $43.96.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. The company had revenue of $166.50 million for the quarter, compared to analysts’ expectations 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%. Carrizo Oil & Gas’s quarterly revenue was up 55.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 EPS. On average, analysts expect that Carrizo Oil & Gas, Inc. will post $0.95 earnings per share for the current year.

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Several analysts recently issued reports on the company. Williams Capital set a $35.00 price objective on Carrizo Oil & Gas and gave the stock a “buy” rating in a report on Tuesday. BidaskClub lowered Carrizo Oil & Gas from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a report on Monday, July 24th. J P Morgan Chase & Co lowered Carrizo Oil & Gas from an “overweight” rating to a “neutral” rating and cut their target price for the company from $30.00 to $21.00 in a report on Thursday, July 20th. Finally, Mizuho restated a “buy” rating and set a $32.00 target price on shares of Carrizo Oil & Gas in a report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Carrizo Oil & Gas has a consensus rating of “Buy” and an average target price of $40.33.

In other news, Director Frank A. Wojtek sold 2,800 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $24.24, for a total value of $67,872.00. Following the sale, the director now directly owns 30,008 shares of the company’s stock, valued at approximately $727,393.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.00% of the stock is currently owned by corporate 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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