Rhumbline Advisers Has $4.98 Million Stake in Carrizo Oil & Gas Inc (CRZO)

Rhumbline Advisers lifted its position in Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 5.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 197,530 shares of the oil and gas producer’s stock after purchasing an additional 10,909 shares during the period. Rhumbline Advisers owned about 0.24% of Carrizo Oil & Gas worth $4,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its stake in shares of Carrizo Oil & Gas by 8.1% in the third quarter. State of Alaska Department of Revenue now owns 27,559 shares of the oil and gas producer’s stock worth $694,000 after purchasing an additional 2,065 shares in the last quarter. PNC Financial Services Group Inc. increased its stake 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 purchasing an additional 2,680 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Carrizo Oil & Gas by 7.7% in the third quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the oil and gas producer’s stock worth $948,000 after purchasing an additional 2,700 shares in the last quarter. Aperio Group LLC increased its stake in shares of Carrizo Oil & Gas by 7.1% in the second quarter. Aperio Group LLC now owns 43,010 shares of the oil and gas producer’s stock worth $1,198,000 after purchasing an additional 2,844 shares in the last quarter. Finally, Texas Permanent School Fund increased its stake in shares of Carrizo Oil & Gas by 6.5% in the third quarter. Texas Permanent School Fund now owns 53,609 shares of the oil and gas producer’s stock worth $1,351,000 after purchasing an additional 3,290 shares in the last quarter.

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

CRZO opened at $15.90 on Friday. The firm has a market cap of $1.50 billion, a P/E ratio of 11.12 and a beta of 2.31. Carrizo Oil & Gas Inc has a fifty-two week low of $13.49 and a fifty-two week high of $31.57. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.27 and a quick ratio of 0.27.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Monday, November 5th. The oil and gas producer reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.15. The company had revenue of $303.40 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 67.3% on a year-over-year basis. During the same period last year, the company posted $0.33 earnings per share. As a group, research analysts predict that Carrizo Oil & Gas Inc will post 3.11 EPS for the current year.

A number of brokerages have recently issued reports on CRZO. JPMorgan Chase & Co. cut shares of Carrizo Oil & Gas from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $27.00 to $20.00 in a research note on Friday. Williams Capital set a $41.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research note on Wednesday, August 15th. BidaskClub raised shares of Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research note on Monday, August 27th. Oppenheimer began coverage on shares of Carrizo Oil & Gas in a research note on Wednesday, October 3rd. They issued a “market perform” rating for the company. Finally, Jefferies Financial Group raised shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Monday, October 15th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Carrizo Oil & Gas has an average rating of “Buy” and an average target price of $29.06.

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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.

See Also: Retained Earnings

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

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