United Services Automobile Association Buys 95,780 Shares of Carrizo Oil & Gas Inc (CRZO)

United Services Automobile Association increased its stake in shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 22.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 517,816 shares of the oil and gas producer’s stock after acquiring an additional 95,780 shares during the period. United Services Automobile Association owned approximately 0.57% of Carrizo Oil & Gas worth $13,049,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in Carrizo Oil & Gas by 91.0% during the 2nd 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 in the last quarter. Advisors Asset Management Inc. lifted its position in Carrizo Oil & Gas by 26,788.1% during the 2nd 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Carrizo Oil & Gas by 144.7% during the 3rd 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 in the last quarter. CIBC Asset Management Inc acquired a new position in Carrizo Oil & Gas during the 2nd quarter worth approximately $278,000. Finally, DekaBank Deutsche Girozentrale lifted its position in Carrizo Oil & Gas by 114.0% during the 3rd 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 in the last quarter.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $23.82, for a total transaction of $190,560.00. Following the sale, the insider now directly owns 171,076 shares in the company, valued at approximately $4,075,030.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John Bradley Fisher sold 7,500 shares of Carrizo Oil & Gas stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $25.01, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 31,500 shares of company stock worth $697,495 over the last 90 days. 5.40% of the stock is owned by company insiders.

CRZO stock opened at $15.90 on Friday. 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 Inc has a 52-week low of $13.49 and a 52-week high of $31.57. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 11.12 and a beta of 2.31.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Monday, November 5th. The oil and gas producer reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.15. Carrizo Oil & Gas had a return on equity of 56.06% and a net margin of 12.23%. The company had revenue of $303.40 million for the quarter, compared to the consensus estimate of $265.34 million. During the same period in the previous year, the business earned $0.33 EPS. Carrizo Oil & Gas’s revenue for the quarter was up 67.3% compared to the same quarter last year. On average, equities analysts forecast that Carrizo Oil & Gas Inc will post 3.11 EPS for the current fiscal year.

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

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About Carrizo Oil & Gas

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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