Carrizo Oil & Gas Inc (CRZO) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its stake in shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 232,534 shares of the oil and gas producer’s stock after purchasing an additional 9,345 shares during the period. Mutual of America Capital Management LLC owned about 0.25% of Carrizo Oil & Gas worth $5,860,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in Carrizo Oil & Gas by 91.0% during 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 acquiring an additional 2,680 shares during the period. Advisors Asset Management Inc. raised its stake in Carrizo Oil & Gas by 26,788.1% during 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 acquiring an additional 1,814,895 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Carrizo Oil & Gas by 144.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,128 shares of the oil and gas producer’s stock worth $230,000 after acquiring an additional 5,397 shares during the period. CIBC Asset Management Inc acquired a new stake in Carrizo Oil & Gas during the second quarter worth about $278,000. Finally, DekaBank Deutsche Girozentrale raised its stake in Carrizo Oil & Gas by 114.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 11,335 shares of the oil and gas producer’s stock worth $278,000 after acquiring an additional 6,039 shares during the period.

Shares of NASDAQ:CRZO opened at $15.90 on Friday. Carrizo Oil & Gas Inc has a 52 week low of $13.49 and a 52 week high of $31.57. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 11.12 and a beta of 2.31. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 1.84.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly earnings results on Monday, November 5th. The oil and gas producer reported $0.94 EPS for the quarter, beating the consensus estimate of $0.79 by $0.15. The company had revenue of $303.40 million for the quarter, compared to analyst estimates of $265.34 million. Carrizo Oil & Gas had a net margin of 12.23% and a return on equity of 56.06%. Carrizo Oil & Gas’s revenue was up 67.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 earnings per share. Sell-side analysts predict that Carrizo Oil & Gas Inc will post 3.11 EPS for the current year.

Several equities research analysts recently weighed in on CRZO shares. JPMorgan Chase & Co. dropped their price objective on shares of Carrizo Oil & Gas from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 14th. BidaskClub upgraded shares of Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research note on Thursday, November 8th. Williams Capital set a $38.00 price target on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Tuesday, November 6th. ValuEngine lowered shares of Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Finally, Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Thursday, October 25th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $29.06.

In other news, COO John Bradley Fisher sold 7,500 shares of the stock in a transaction that occurred on Thursday, October 4th. The shares were sold at an average price of $25.01, for a total value of $187,575.00. Following the completion of the transaction, the chief operating officer now directly owns 157,436 shares in the company, valued at $3,937,474.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $23.82, for a total transaction of $190,560.00. Following the completion of the transaction, the insider now owns 171,076 shares of the company’s stock, valued at $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 over the last quarter. Insiders own 5.40% of the company’s stock.

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Carrizo Oil & Gas Company 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.

Further Reading: S&P 500 Index

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

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