Dimensional Fund Advisors LP boosted its position in shares of Carbo Ceramics, Inc. (NYSE:CRR) by 62.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 361,011 shares of the oil and gas company’s stock after buying an additional 138,831 shares during the period. Dimensional Fund Advisors LP owned about 1.36% of Carbo Ceramics worth $4,708,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Carbo Ceramics by 1.4% in the first quarter. Vanguard Group Inc. now owns 1,689,537 shares of the oil and gas company’s stock worth $22,031,000 after buying an additional 24,051 shares during the period. Wells Fargo & Company MN boosted its position in Carbo Ceramics by 4.4% in the first quarter. Wells Fargo & Company MN now owns 1,017,803 shares of the oil and gas company’s stock worth $13,272,000 after buying an additional 43,149 shares during the period. Bank of New York Mellon Corp boosted its position in Carbo Ceramics by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 265,174 shares of the oil and gas company’s stock worth $3,459,000 after buying an additional 13,355 shares during the period. Tieton Capital Management LLC purchased a new position in Carbo Ceramics during the first quarter worth $3,037,000. Finally, Van ECK Associates Corp boosted its position in Carbo Ceramics by 11.6% in the first quarter. Van ECK Associates Corp now owns 215,190 shares of the oil and gas company’s stock worth $2,806,000 after buying an additional 22,336 shares during the period. Institutional investors own 72.86% of the company’s stock.

Shares of Carbo Ceramics, Inc. (NYSE CRR) traded down 7.69% during mid-day trading on Monday, reaching $6.48. 292,310 shares of the company’s stock traded hands. Carbo Ceramics, Inc. has a 12-month low of $5.66 and a 12-month high of $16.70. The company’s 50 day moving average is $6.76 and its 200 day moving average is $9.20. The company’s market cap is $175.91 million.

Carbo Ceramics (NYSE:CRR) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.86) by $0.07. Carbo Ceramics had a negative return on equity of 12.72% and a negative net margin of 72.46%. The business had revenue of $43.57 million during the quarter, compared to analysts’ expectations of $36.50 million. During the same quarter in the prior year, the firm earned ($0.88) earnings per share. Carbo Ceramics’s quarterly revenue was up 111.0% on a year-over-year basis. On average, analysts predict that Carbo Ceramics, Inc. will post ($3.62) EPS for the current fiscal year.

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CRR has been the topic of a number of analyst reports. Scotiabank set a $12.00 target price on shares of Carbo Ceramics and gave the company a “hold” rating in a research note on Friday, July 28th. Piper Jaffray Companies set a $9.00 target price on shares of Carbo Ceramics and gave the company a “hold” rating in a research note on Thursday, July 27th. Zacks Investment Research cut shares of Carbo Ceramics from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. ValuEngine cut shares of Carbo Ceramics from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Finally, Cowen and Company lowered their target price on shares of Carbo Ceramics from $15.00 to $10.50 and set a “market perform” rating on the stock in a research note on Wednesday, May 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $11.06.

About Carbo Ceramics

CARBO Ceramics Inc is a technology company that provides products and services to the global oil and gas and industrial markets. The Company operates through two segments: Oilfield Technologies and Services, and Environmental Products and Services. The Company’s oilfield technologies and services segment includes the manufacturing and selling of proppant products for use primarily in the hydraulic fracturing of oil and natural gas wells, Fracpro software for the design of fracture treatments, and StrataGen consulting services for the optimizing of well completions.

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Institutional Ownership by Quarter for Carbo Ceramics (NYSE:CRR)

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