Carrizo Oil & Gas Inc (CRZO) Position Increased by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its position in shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,760 shares of the oil and gas producer’s stock after buying an additional 120 shares during the period. State of Alaska Department of Revenue’s holdings in Carrizo Oil & Gas were worth $193,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Elkfork Partners LLC acquired a new position in Carrizo Oil & Gas during the fourth quarter worth $132,000. Financial Architects Inc increased its position in Carrizo Oil & Gas by 29.0% in the third quarter. Financial Architects Inc now owns 4,000 shares of the oil and gas producer’s stock worth $162,000 after buying an additional 900 shares in the last quarter. Croft Leominster Inc. acquired a new position in Carrizo Oil & Gas during the third quarter worth $203,000. Radnor Capital Management LLC acquired a new position in Carrizo Oil & Gas during the fourth quarter worth $273,000. Finally, Van ECK Associates Corp increased its position in Carrizo Oil & Gas by 16.9% in the fourth quarter. Van ECK Associates Corp now owns 7,914 shares of the oil and gas producer’s stock worth $296,000 after buying an additional 1,147 shares in the last quarter.

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

Shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) traded up 2.71% during trading on Friday, reaching $24.29. 1,194,614 shares of the company traded hands. Carrizo Oil & Gas Inc has a 12 month low of $23.49 and a 12 month high of $43.96. The company has a 50-day moving average of $26.13 and a 200-day moving average of $32.77. The stock’s market capitalization is $1.60 billion.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings data on Tuesday, May 9th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.05. The firm had revenue of $151.36 million for the quarter, compared to the consensus estimate of $147.19 million. Carrizo Oil & Gas had a negative net margin of 264.25% and a positive return on equity of 85.42%. The business’s revenue for the quarter was up 86.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS. Analysts forecast that Carrizo Oil & Gas Inc will post $1.27 earnings per share for the current fiscal year.

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A number of research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Friday, February 17th. Canaccord Genuity set a $44.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Saturday, February 11th. Royal Bank of Canada set a $40.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Thursday, May 11th. FBR & Co reiterated an “outperform” rating and issued a $42.00 target price (down from $47.00) on shares of Carrizo Oil & Gas in a research note on Friday, February 24th. Finally, Williams Capital reiterated a “buy” rating and issued a $42.00 target price on shares of Carrizo Oil & Gas in a research note on Tuesday, May 9th. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $44.83.

In other news, VP Gregory F. Conaway sold 2,702 shares of Carrizo Oil & Gas stock in a transaction on Monday, March 20th. The stock was sold at an average price of $28.15, for a total transaction of $76,061.30. Following the sale, the vice president now directly owns 9,036 shares in the company, valued at approximately $254,363.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank A. Wojtek sold 2,800 shares of Carrizo Oil & Gas stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $24.24, for a total value of $67,872.00. Following the sale, the director now owns 30,008 shares in the company, valued at $727,393.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 90,830 shares of company stock worth $2,736,072 and have sold 158,678 shares worth $4,472,550. 6.30% of the stock is owned by insiders.

About Carrizo Oil & Gas

Carrizo Oil & Gas, Inc is an energy company. The Company is engaged in the exploration, development and production of oil and gas from resource plays located in the United States. Its operations are focused in proven, producing oil and gas plays in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.

12 Month Chart for NASDAQ:CRZO

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