American Century Companies Inc. acquired a new position in shares of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 238,042 shares of the oil and gas producer’s stock, valued at approximately $4,147,000. American Century Companies Inc. owned approximately 0.36% of Carrizo Oil & Gas at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asia Hong Kong Ltd raised its holdings in shares of Carrizo Oil & Gas by 1,014.9% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,523 shares of the oil and gas producer’s stock worth $101,000 after acquiring an additional 3,207 shares in the last quarter. Glen Harbor Capital Management LLC raised its holdings in shares of Carrizo Oil & Gas by 33.7% during the 1st quarter. Glen Harbor Capital Management LLC now owns 3,892 shares of the oil and gas producer’s stock worth $112,000 after acquiring an additional 980 shares in the last quarter. Elkfork Partners LLC raised its holdings in shares of Carrizo Oil & Gas by 33.7% during the 1st quarter. Elkfork Partners LLC now owns 4,726 shares of the oil and gas producer’s stock worth $135,000 after acquiring an additional 1,190 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Carrizo Oil & Gas during the 1st quarter worth approximately $150,000. Finally, First Interstate Bank purchased a new stake in shares of Carrizo Oil & Gas during the 1st quarter worth approximately $239,000. 99.96% of the stock is currently owned by institutional investors and hedge funds.

In other Carrizo Oil & Gas news, Director Steven A. Webster bought 75,000 shares of Carrizo Oil & Gas stock in a transaction on Monday, August 14th. The shares were bought at an average price of $13.89 per share, for a total transaction of $1,041,750.00. Following the completion of the transaction, the director now directly owns 2,724,410 shares of the company’s stock, valued at $37,842,054.90. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Steven A. Webster bought 25,000 shares of Carrizo Oil & Gas stock in a transaction on Monday, August 28th. The stock was acquired at an average price of $12.67 per share, for a total transaction of $316,750.00. Following the transaction, the director now directly owns 2,826,310 shares of the company’s stock, valued at $35,809,347.70. The disclosure for this purchase can be found here. Insiders acquired 356,600 shares of company stock worth $4,724,806 in the last 90 days. Company insiders own 6.00% of the company’s stock.

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Several analysts have recently issued reports on the company. Mizuho cut Carrizo Oil & Gas from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $32.00 to $17.00 in a report on Thursday. Tudor Pickering cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Jefferies Group LLC reaffirmed a “buy” rating and set a $25.00 price objective (down from $64.00) on shares of Carrizo Oil & Gas in a report on Tuesday, August 29th. BMO Capital Markets set a $20.00 price objective on Carrizo Oil & Gas and gave the stock a “buy” rating in a report on Saturday, August 12th. Finally, Zacks Investment Research raised Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $38.47.

Shares of Carrizo Oil & Gas, Inc. (CRZO) opened at 11.38 on Monday. The stock’s market cap is $926.80 million. The firm has a 50-day moving average price of $13.92 and a 200-day moving average price of $21.58. Carrizo Oil & Gas, Inc. has a 1-year low of $11.10 and a 1-year high of $43.96.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. Carrizo Oil & Gas had a positive return on equity of 1,494.45% and a negative net margin of 0.98%. The company had revenue of $166.50 million for the quarter, compared to the consensus estimate of $163.22 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The company’s revenue for the quarter was up 55.2% on a year-over-year basis. Equities analysts forecast that Carrizo Oil & Gas, Inc. will post $1.07 EPS for the current year.

Carrizo Oil & Gas Profile

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.

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

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