Columbia Pacific Advisors LLC Decreases Holdings in Carrizo Oil & Gas Inc (CRZO)

Columbia Pacific Advisors LLC trimmed its stake in shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 16.9% during the first quarter, HoldingsChannel reports. The firm owned 169,279 shares of the oil and gas producer’s stock after selling 34,385 shares during the period. Carrizo Oil & Gas comprises 4.9% of Columbia Pacific Advisors LLC’s holdings, making the stock its 10th biggest holding. Columbia Pacific Advisors LLC’s holdings in Carrizo Oil & Gas were worth $2,111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MERIAN GLOBAL INVESTORS UK Ltd bought a new position in Carrizo Oil & Gas in the 1st quarter worth approximately $3,723,000. Independent Advisor Alliance bought a new position in Carrizo Oil & Gas in the 1st quarter worth approximately $282,000. Raymond James & Associates raised its position in Carrizo Oil & Gas by 304.6% in the 1st quarter. Raymond James & Associates now owns 86,061 shares of the oil and gas producer’s stock worth $1,073,000 after purchasing an additional 64,791 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Carrizo Oil & Gas by 43.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 23,082 shares of the oil and gas producer’s stock worth $288,000 after purchasing an additional 6,947 shares during the last quarter. Finally, Cypress Capital Management LLC WY raised its position in Carrizo Oil & Gas by 37.3% in the 1st quarter. Cypress Capital Management LLC WY now owns 7,000 shares of the oil and gas producer’s stock worth $87,000 after purchasing an additional 1,900 shares during the last quarter.

In other 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 completion of the transaction, the chief financial officer now owns 130,018 shares of the company’s stock, valued at approximately $1,574,517.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $11.47, for a total transaction of $91,760.00. Following the completion of the transaction, the insider now directly owns 123,076 shares of the company’s stock, valued at approximately $1,411,681.72. The disclosure for this sale can be found here. Insiders sold a total of 130,523 shares of company stock valued at $1,583,594 in the last three months. 4.80% of the stock is owned by company insiders.

CRZO has been the subject of several recent research reports. Raymond James set a $21.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Williams Capital reiterated a “buy” rating and set a $19.00 target price on shares of Carrizo Oil & Gas in a research report on Wednesday, January 23rd. Northland Securities reiterated a “buy” rating and set a $25.00 target price on shares of Carrizo Oil & Gas in a research report on Tuesday, February 26th. MKM Partners dropped their target price on shares of Carrizo Oil & Gas to $18.00 and set a “buy” rating for the company in a research report on Wednesday, February 27th. Finally, Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Thursday, April 25th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $23.53.

Shares of Carrizo Oil & Gas stock opened at $12.99 on Friday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 4.67, a price-to-earnings-growth ratio of 0.16 and a beta of 2.27. Carrizo Oil & Gas Inc has a 52 week low of $9.67 and a 52 week high of $31.57. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.26 and a quick ratio of 0.26.

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 (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $228.41 million. During the same quarter in the previous year, the business earned $0.48 EPS. The firm’s revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts forecast that Carrizo Oil & Gas Inc will post 2.93 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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