Kennedy Capital Management Inc. lessened its position in shares of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) by 55.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 208,131 shares of the oil and gas producer’s stock after selling 255,585 shares during the period. Kennedy Capital Management Inc. owned approximately 0.32% of Carrizo Oil & Gas worth $3,626,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Point72 Asia Hong Kong Ltd lifted 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 during the period. Glen Harbor Capital Management LLC increased its position in 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 purchasing an additional 980 shares in the last quarter. Elkfork Partners LLC increased its position in 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 purchasing an additional 1,190 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in Carrizo Oil & Gas during the 1st quarter worth approximately $150,000. Finally, Kings Point Capital Management increased its position in Carrizo Oil & Gas by 220.0% during the 2nd quarter. Kings Point Capital Management now owns 8,000 shares of the oil and gas producer’s stock worth $139,000 after purchasing an additional 5,500 shares in the last quarter.

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Shares of Carrizo Oil & Gas, Inc. (CRZO) opened at 13.78 on Monday. The stock’s 50 day moving average is $13.58 and its 200 day moving average is $20.87. The firm’s market capitalization is $1.12 billion. Carrizo Oil & Gas, Inc. has a 52-week low of $11.10 and a 52-week high of $43.96.

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

A number of research firms recently issued reports on CRZO. Robert W. Baird lowered their price objective on shares of Carrizo Oil & Gas from $50.00 to $36.00 and set an “outperform” rating for the company in a research report on Wednesday, May 24th. BidaskClub upgraded shares of Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Credit Suisse Group reiterated a “neutral” rating and set a $38.00 price objective on shares of Carrizo Oil & Gas in a research report on Friday, June 2nd. Seaport Global Securities cut shares of Carrizo Oil & Gas from a “buy” rating to a “sell” rating in a research report on Wednesday, June 21st. Finally, J P Morgan Chase & Co cut shares of Carrizo Oil & Gas from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $30.00 to $21.00 in a research report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $37.47.

In related news, Director Steven A. Webster purchased 75,000 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average cost 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 in the company, valued at $37,842,054.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven A. Webster purchased 29,700 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was bought at an average price of $13.36 per share, with a total value of $396,792.00. Following the completion of the transaction, the director now owns 2,724,410 shares of the company’s stock, valued at $36,398,117.60. The disclosure for this purchase can be found here. Insiders have acquired a total of 431,600 shares of company stock worth $5,602,306 in the last 90 days. Company insiders own 6.00% of the company’s stock.

Carrizo Oil & Gas Company 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.

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

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