Summit Securities Group LLC bought a new stake in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) during the second quarter, Holdings Channel reports. The fund bought 59,424 shares of the oil and gas producer’s stock, valued at approximately $1,035,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Eidelman Virant Capital purchased a new stake in Carrizo Oil & Gas during the first quarter valued at approximately $1,074,000. First Midwest Bank Trust Division boosted its stake in Carrizo Oil & Gas by 3.3% in the first quarter. First Midwest Bank Trust Division now owns 8,681 shares of the oil and gas producer’s stock valued at $249,000 after buying an additional 280 shares during the period. Strs Ohio boosted its stake in Carrizo Oil & Gas by 20.0% in the first quarter. Strs Ohio now owns 125,000 shares of the oil and gas producer’s stock valued at $3,582,000 after buying an additional 20,800 shares during the period. Glen Harbor Capital Management LLC boosted its stake in Carrizo Oil & Gas by 33.7% in the first quarter. Glen Harbor Capital Management LLC now owns 3,892 shares of the oil and gas producer’s stock valued at $112,000 after buying an additional 980 shares during the period. Finally, Guinness Asset Management Ltd boosted its stake in Carrizo Oil & Gas by 17.5% in the first quarter. Guinness Asset Management Ltd now owns 246,195 shares of the oil and gas producer’s stock valued at $7,056,000 after buying an additional 36,700 shares during the period. Institutional investors own 89.12% of the company’s stock.

Carrizo Oil & Gas, Inc. (CRZO) opened at 13.81 on Friday. The firm’s market capitalization is $909.18 million. Carrizo Oil & Gas, Inc. has a 12 month low of $12.73 and a 12 month high of $43.96. The firm’s 50-day moving average is $15.72 and its 200-day moving average is $24.67.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.30 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $166.50 million for the quarter, compared to the consensus estimate of $163.22 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The firm’s revenue was up 55.2% on a year-over-year basis. On average, equities research analysts expect that Carrizo Oil & Gas, Inc. will post $0.96 EPS for the current year.

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Several research firms have recently commented on CRZO. Williams Capital restated a “buy” rating and issued a $42.00 target price on shares of Carrizo Oil & Gas in a research note on Tuesday, May 9th. Royal Bank Of Canada reiterated a “buy” rating and issued a $43.00 price objective on shares of Carrizo Oil & Gas in a research note on Tuesday, April 25th. Robert W. Baird reduced 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 note on Wednesday, May 24th. Jefferies Group LLC set a $36.00 price objective on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Wednesday, May 17th. Finally, BidaskClub upgraded shares of Carrizo Oil & Gas from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Carrizo Oil & Gas has an average rating of “Buy” and a consensus price target of $40.33.

In related news, Director Frank A. Wojtek sold 2,800 shares of the stock in a transaction that occurred 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 transaction, the director now owns 30,008 shares in the company, valued at $727,393.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate 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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