Dimensional Fund Advisors LP Increases Position in Carrizo Oil & Gas Inc (CRZO)

Dimensional Fund Advisors LP boosted its position in shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,996,254 shares of the oil and gas producer’s stock after buying an additional 45,276 shares during the period. Dimensional Fund Advisors LP owned approximately 3.27% of Carrizo Oil & Gas worth $75,506,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Aperio Group LLC grew its position in 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 acquiring an additional 2,844 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Carrizo Oil & Gas in the second quarter worth approximately $459,000. Sei Investments Co. grew its position in Carrizo Oil & Gas by 40.6% in the second quarter. Sei Investments Co. now owns 314,797 shares of the oil and gas producer’s stock worth $8,768,000 after acquiring an additional 90,905 shares in the last quarter. Boston Partners bought a new stake in Carrizo Oil & Gas in the second quarter worth approximately $1,029,000. Finally, Rhumbline Advisers boosted its holdings in shares of Carrizo Oil & Gas by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 186,621 shares of the oil and gas producer’s stock worth $5,197,000 after buying an additional 7,801 shares during the period.

Several analysts recently issued reports on CRZO shares. SunTrust Banks reaffirmed a “buy” rating and set a $35.00 price objective on shares of Carrizo Oil & Gas in a report on Monday, August 20th. KLR Group reaffirmed a “buy” rating and set a $35.00 price objective on shares of Carrizo Oil & Gas in a report on Monday, August 20th. BidaskClub downgraded shares of Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a report on Tuesday, August 21st. Raymond James upped their price objective on shares of Carrizo Oil & Gas from $43.00 to $44.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 6th. Finally, ValuEngine downgraded shares of Carrizo Oil & Gas from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $27.63.

In related news, CEO S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $17.60, for a total transaction of $140,800.00. Following the completion of the transaction, the chief executive officer now directly owns 155,076 shares in the company, valued at approximately $2,729,337.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO John Bradley Fisher sold 7,500 shares of the company’s 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 transaction, the chief operating officer now owns 157,436 shares of the company’s stock, valued at $3,937,474.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,500 shares of company stock valued at $506,935. Corporate insiders own 5.40% of the company’s stock.

NASDAQ:CRZO opened at $12.33 on Tuesday. The firm has a market cap of $1.15 billion, a P/E ratio of 8.62 and a beta of 2.32. Carrizo Oil & Gas Inc has a one year low of $12.22 and a one year high of $31.57. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 1.84.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its earnings results on Monday, November 5th. The oil and gas producer reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.15. The firm 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%. The business’s quarterly revenue was up 67.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS. As a group, analysts forecast that Carrizo Oil & Gas Inc will post 3.09 earnings per share for the current fiscal year.

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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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