Bank of New York Mellon Corp boosted its holdings in Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 5.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,031,961 shares of the oil and gas producer’s stock after purchasing an additional 51,252 shares during the quarter. Bank of New York Mellon Corp’s holdings in Carrizo Oil & Gas were worth $28,740,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Carrizo Oil & Gas by 0.8% during the 1st quarter. BlackRock Inc. now owns 10,144,045 shares of the oil and gas producer’s stock worth $162,304,000 after buying an additional 81,465 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Carrizo Oil & Gas by 105.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,308,757 shares of the oil and gas producer’s stock worth $52,940,000 after buying an additional 1,694,935 shares in the last quarter. Caymus Capital Partners L.P. lifted its position in shares of Carrizo Oil & Gas by 75.6% during the 1st quarter. Caymus Capital Partners L.P. now owns 1,323,412 shares of the oil and gas producer’s stock worth $21,175,000 after buying an additional 569,700 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Carrizo Oil & Gas by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,162,884 shares of the oil and gas producer’s stock worth $18,606,000 after buying an additional 24,348 shares in the last quarter. Finally, Carmignac Gestion lifted its position in shares of Carrizo Oil & Gas by 122.2% during the 1st quarter. Carmignac Gestion now owns 1,000,000 shares of the oil and gas producer’s stock worth $16,000,000 after buying an additional 550,000 shares in the last quarter.

NASDAQ:CRZO opened at $24.20 on Wednesday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 3.52. The company has a market capitalization of $1.88 billion, a P/E ratio of 16.78 and a beta of 2.21. Carrizo Oil & Gas Inc has a 12 month low of $11.77 and a 12 month high of $31.57.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its quarterly earnings results on Monday, August 6th. The oil and gas producer reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The company had revenue of $264.00 million for the quarter, compared to analysts’ expectations of $230.08 million. Carrizo Oil & Gas had a net margin of 5.84% and a return on equity of 52.59%. Carrizo Oil & Gas’s revenue was up 58.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. sell-side analysts expect that Carrizo Oil & Gas Inc will post 3 EPS for the current year.

Several equities analysts have commented on CRZO shares. Williams Capital reissued a “buy” rating and set a $41.00 target price on shares of Carrizo Oil & Gas in a research report on Monday, July 23rd. Johnson Rice raised shares of Carrizo Oil & Gas from an “accumulate” rating to a “buy” rating in a research report on Wednesday, August 8th. BidaskClub raised shares of Carrizo Oil & Gas from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 22nd. Zacks Investment Research raised shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Thursday, August 9th. Finally, SunTrust Banks reissued a “buy” rating and set a $35.00 target price on shares of Carrizo Oil & Gas in a research report on Monday, August 20th. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $29.58.

In related news, CEO S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $22.55, for a total value of $180,400.00. Following the sale, the chief executive officer now owns 180,276 shares of the company’s stock, valued at approximately $4,065,223.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider S P. Iv Johnson sold 14,000 shares of Carrizo Oil & Gas stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $27.95, for a total transaction of $391,300.00. Following the completion of the sale, the insider now directly owns 215,476 shares in the company, valued at approximately $6,022,554.20. The disclosure for this sale can be found here. Insiders sold a total of 76,428 shares of company stock worth $2,115,777 in the last ninety days. 5.40% of the stock is currently owned by insiders.

Carrizo Oil & Gas Profile

Carrizo Oil & Gas, Inc, together with its subsidiaries, engages in the exploration, development, and production of crude oil, natural gas liquids, and gas from resource plays primarily in the United States. The company holds interests in oil and gas plays, including Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas.

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

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