Allianz Asset Management GmbH lifted its stake in Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 1,154.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 532,490 shares of the oil and gas producer’s stock after acquiring an additional 490,026 shares during the period. Allianz Asset Management GmbH owned 0.58% of Carrizo Oil & Gas worth $5,336,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cypress Capital Management LLC WY raised its position in shares of 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 acquiring an additional 1,900 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in shares of Carrizo Oil & Gas in the 2nd quarter worth $109,000. WINTON GROUP Ltd bought a new position in shares of Carrizo Oil & Gas in the 2nd quarter worth $116,000. Miller Investment Management LP bought a new position in shares of Carrizo Oil & Gas in the 1st quarter worth $125,000. Finally, Advisory Services Network LLC raised its position in shares of Carrizo Oil & Gas by 22.3% in the 2nd quarter. Advisory Services Network LLC now owns 14,088 shares of the oil and gas producer’s stock worth $141,000 after acquiring an additional 2,565 shares in the last quarter.
Shares of NASDAQ:CRZO opened at $8.06 on Friday. The business’s 50-day moving average is $8.93 and its 200 day moving average is $10.78. Carrizo Oil & Gas Inc has a 1 year low of $7.45 and a 1 year high of $26.67. The firm has a market capitalization of $692.30 million, a P/E ratio of 2.90, a P/E/G ratio of 0.11 and a beta of 2.15. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.31 and a quick ratio of 0.31.
Carrizo Oil & Gas (NASDAQ:CRZO) last announced its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.04. The company had revenue of $264.97 million for the quarter, compared to analyst estimates of $263.76 million. Carrizo Oil & Gas had a return on equity of 25.15% and a net margin of 55.87%. On average, analysts expect that Carrizo Oil & Gas Inc will post 2.54 EPS for the current year.
Several research analysts have recently commented on the company. Williams Capital lowered Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. BidaskClub raised Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research report on Friday, August 16th. Johnson Rice lowered Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Piper Jaffray Companies set a $15.00 target price on Carrizo Oil & Gas and gave the company a “hold” rating in a research report on Friday, August 16th. Finally, MKM Partners reaffirmed a “neutral” rating and set a $11.00 target price (down from $19.00) on shares of Carrizo Oil & Gas in a research report on Tuesday, July 16th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have issued a buy rating to the company. Carrizo Oil & Gas presently has a consensus rating of “Hold” and a consensus price target of $15.75.
In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $10.85, for a total transaction of $86,800.00. Following the sale, the insider now owns 187,221 shares in the company, valued at approximately $2,031,347.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 24,000 shares of company stock worth $226,080. Company insiders own 4.80% of the company’s stock.
Carrizo Oil & Gas Company Profile
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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