Parametric Portfolio Associates LLC Has $6.53 Million Position in Carrizo Oil & Gas, Inc. (CRZO)

Parametric Portfolio Associates LLC cut its stake in shares of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) by 20.6% during the first quarter, Holdings Channel reports. The institutional investor owned 227,809 shares of the oil and gas producer’s stock after selling 59,023 shares during the period. Parametric Portfolio Associates LLC owned about 0.35% of Carrizo Oil & Gas worth $6,529,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Eagle Asset Management Inc. boosted its position in Carrizo Oil & Gas by 23.5% in the first quarter. Eagle Asset Management Inc. now owns 142,220 shares of the oil and gas producer’s stock worth $4,076,000 after buying an additional 27,036 shares during the period. Ameriprise Financial Inc. boosted its position in Carrizo Oil & Gas by 45.3% in the first quarter. Ameriprise Financial Inc. now owns 1,000,108 shares of the oil and gas producer’s stock worth $28,648,000 after buying an additional 311,963 shares during the period. Sei Investments Co. boosted its position in Carrizo Oil & Gas by 501.8% in the first quarter. Sei Investments Co. now owns 69,644 shares of the oil and gas producer’s stock worth $1,996,000 after buying an additional 58,071 shares during the period. Karp Capital Management Corp acquired a new position in Carrizo Oil & Gas during the first quarter worth approximately $326,000. Finally, UBS Asset Management Americas Inc. boosted its position in Carrizo Oil & Gas by 15.7% in the first quarter. UBS Asset Management Americas Inc. now owns 56,826 shares of the oil and gas producer’s stock worth $1,629,000 after buying an additional 7,693 shares during the period.

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

Carrizo Oil & Gas, Inc. (CRZO) opened at 18.715 on Friday. The firm’s market capitalization is $1.23 billion. Carrizo Oil & Gas, Inc. has a 1-year low of $18.31 and a 1-year high of $43.96. The company’s 50-day moving average price is $22.98 and its 200-day moving average price is $30.73.

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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.05. The business had revenue of $151.36 million for the quarter, compared to analysts’ expectations of $147.19 million. Carrizo Oil & Gas had a negative return on equity of 128.17% and a negative net margin of 63.08%. The business’s revenue was up 86.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS. Equities research analysts expect that Carrizo Oil & Gas, Inc. will post $1.27 earnings per share for the current fiscal year.

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A number of brokerages recently weighed in on CRZO. Zacks Investment Research upgraded Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Friday, February 17th. Canaccord Genuity set a $44.00 price objective on Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Thursday, February 23rd. FBR & Co restated an “outperform” rating and set a $42.00 price objective (down previously from $47.00) on shares of Carrizo Oil & Gas in a research report on Friday, February 24th. Williams Capital began coverage on Carrizo Oil & Gas in a research report on Monday, March 20th. They set a “buy” rating and a $44.00 price objective on the stock. Finally, Scotiabank set a $48.00 price objective on Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Monday, March 27th. One analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Carrizo Oil & Gas has an average rating of “Buy” and a consensus price target of $44.19.

In other news, insider S P. Iv Johnson sold 48,947 shares of Carrizo Oil & Gas stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $28.16, for a total transaction of $1,378,347.52. Following the completion of the transaction, the insider now directly owns 177,367 shares in the company, valued at $4,994,654.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David L. Pitts sold 17,365 shares of Carrizo Oil & Gas stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $28.16, for a total transaction of $488,998.40. Following the transaction, the chief financial officer now owns 57,138 shares of the company’s stock, valued at $1,609,006.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,678 shares of company stock worth $4,284,690. Insiders own 6.00% of the company’s stock.

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.

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