Globeflex Capital L P Has $2.33 Million Position in Carrizo Oil & Gas Inc (NASDAQ:CRZO)

Globeflex Capital L P cut its position in shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 12.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,254 shares of the oil and gas producer’s stock after selling 13,600 shares during the quarter. Globeflex Capital L P owned about 0.11% of Carrizo Oil & Gas worth $2,325,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in shares of Carrizo Oil & Gas by 91.0% in the second quarter. PNC Financial Services Group Inc. now owns 5,625 shares of the oil and gas producer’s stock worth $156,000 after buying an additional 2,680 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Carrizo Oil & Gas by 26,788.1% in the second quarter. Advisors Asset Management Inc. now owns 1,821,670 shares of the oil and gas producer’s stock worth $183,000 after buying an additional 1,814,895 shares during the period. Creative Planning purchased a new stake in shares of Carrizo Oil & Gas in the second quarter worth about $222,000. CIBC Asset Management Inc purchased a new stake in shares of Carrizo Oil & Gas in the second quarter worth about $278,000. Finally, First Hawaiian Bank purchased a new stake in shares of Carrizo Oil & Gas in the third quarter worth about $298,000.

In other Carrizo Oil & Gas news, COO John Bradley Fisher sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $25.01, for a total transaction of $187,575.00. Following the sale, the chief operating officer now owns 157,436 shares in the company, valued at $3,937,474.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $23.82, for a total value of $190,560.00. Following the sale, the insider now owns 171,076 shares in the company, valued at approximately $4,075,030.32. The disclosure for this sale can be found here. Insiders sold 31,500 shares of company stock valued at $697,495 in the last three months. 5.40% of the stock is currently owned by company insiders.

Several brokerages have recently weighed in on CRZO. BidaskClub raised Carrizo Oil & Gas from a “hold” rating to a “buy” rating in a research report on Wednesday, September 26th. Johnson Rice raised Carrizo Oil & Gas from an “accumulate” rating to a “buy” rating in a research report on Wednesday, August 8th. ValuEngine downgraded Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Oppenheimer began coverage on Carrizo Oil & Gas in a research report on Wednesday, October 3rd. They issued a “market perform” rating for the company. Finally, Zacks Investment Research raised Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Carrizo Oil & Gas currently has an average rating of “Buy” and an average target price of $29.44.

Shares of CRZO opened at $17.48 on Thursday. The stock has a market capitalization of $1.57 billion, a P/E ratio of 12.22 and a beta of 2.31. Carrizo Oil & Gas Inc has a one year low of $13.49 and a one year high of $31.57. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 1.84.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its quarterly earnings results on Monday, November 5th. The oil and gas producer reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.15. The firm had revenue of $303.40 million during the quarter, compared to the consensus estimate of $265.34 million. Carrizo Oil & Gas had a return on equity of 56.06% and a net margin of 12.23%. Carrizo Oil & Gas’s revenue for the quarter was up 67.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 earnings per share. On average, research analysts anticipate that Carrizo Oil & Gas Inc will post 3.12 EPS for the current year.

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Carrizo Oil & Gas Profile

Carrizo Oil & Gas, Inc, together with its subsidiaries, engages in the exploration, development, and production of 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 Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas.

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

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