Bank of New York Mellon Corp lifted its holdings in shares of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,000,141 shares of the oil and gas producer’s stock after purchasing an additional 63,893 shares during the quarter. Bank of New York Mellon Corp owned 1.23% of Carrizo Oil & Gas worth $21,283,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of CRZO. Sterling Investment Advisors Ltd. bought a new position in shares of Carrizo Oil & Gas during the fourth quarter valued at approximately $128,000. Amalgamated Bank purchased a new stake in shares of Carrizo Oil & Gas in the third quarter worth $182,000. CIBC Asset Management Inc purchased a new stake in shares of Carrizo Oil & Gas in the fourth quarter worth $212,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Carrizo Oil & Gas in the third quarter worth $231,000. Finally, Van ECK Associates Corp grew its stake in shares of Carrizo Oil & Gas by 50.0% in the third quarter. Van ECK Associates Corp now owns 13,544 shares of the oil and gas producer’s stock worth $232,000 after acquiring an additional 4,516 shares during the last quarter.
Shares of Carrizo Oil & Gas stock traded down $0.51 during mid-day trading on Thursday, reaching $16.78. 3,406,273 shares of the stock traded hands, compared to its average volume of 3,463,466. The stock has a market capitalization of $1,342.62, a P/E ratio of 11.73 and a beta of 2.10. Carrizo Oil & Gas, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $28.70. The company has a debt-to-equity ratio of 4.39, a current ratio of 0.33 and a quick ratio of 0.33.
Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Monday, February 26th. The oil and gas producer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.46 by $0.12. Carrizo Oil & Gas had a return on equity of 48.04% and a net margin of 11.68%. The business had revenue of $246.77 million during the quarter, compared to analyst estimates of $238.06 million. During the same period last year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 71.6% on a year-over-year basis. research analysts anticipate that Carrizo Oil & Gas, Inc. will post 2.42 EPS for the current fiscal year.
In other Carrizo Oil & Gas news, VP Gregory F. Conaway sold 4,453 shares of Carrizo Oil & Gas stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $14.84, for a total value of $66,082.52. Following the sale, the vice president now owns 13,228 shares of the company’s stock, valued at approximately $196,303.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $18.19, for a total transaction of $145,520.00. Following the sale, the insider now owns 208,294 shares of the company’s stock, valued at $3,788,867.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 112,143 shares of company stock worth $1,772,959. 6.00% of the stock is owned by insiders.
A number of research analysts have weighed in on the company. Zacks Investment Research raised Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, January 10th. Piper Jaffray reaffirmed a “hold” rating on shares of Carrizo Oil & Gas in a research note on Thursday, December 14th. BidaskClub downgraded Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Citigroup set a $17.00 price target on Carrizo Oil & Gas and gave the company a “hold” rating in a report on Friday, March 9th. Finally, KeyCorp reiterated a “buy” rating on shares of Carrizo Oil & Gas in a report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $26.89.
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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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