Schwab Charles Investment Management Inc. Has $11.42 Million Position in Carrizo Oil & Gas Inc (CRZO)

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Schwab Charles Investment Management Inc. boosted its position in Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 6.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 410,167 shares of the oil and gas producer’s stock after buying an additional 25,078 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.50% of Carrizo Oil & Gas worth $11,424,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CRZO. Boston Partners acquired a new stake in Carrizo Oil & Gas in the 2nd quarter worth $1,029,000. Engineers Gate Manager LP acquired a new stake in Carrizo Oil & Gas in the 2nd quarter worth $3,693,000. LSV Asset Management grew its position in Carrizo Oil & Gas by 18.8% in the 2nd quarter. LSV Asset Management now owns 4,082,450 shares of the oil and gas producer’s stock worth $113,696,000 after purchasing an additional 645,350 shares during the last quarter. Principal Financial Group Inc. grew its position in Carrizo Oil & Gas by 2.1% in 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 purchasing an additional 24,348 shares during the last quarter. Finally, Creative Planning acquired a new stake in Carrizo Oil & Gas in the 2nd quarter worth $222,000.

In related news, insider S P. Iv Johnson sold 8,000 shares of Carrizo Oil & Gas stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $27.43, for a total transaction of $219,440.00. Following the completion of the transaction, the insider now directly owns 187,076 shares of the company’s stock, valued at approximately $5,131,494.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John Bradley Fisher sold 7,500 shares of the business’s stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $25.01, for a total transaction of $187,575.00. Following the completion of the transaction, the chief operating officer now directly owns 157,436 shares of the company’s stock, valued at $3,937,474.36. The disclosure for this sale can be found here. Insiders have sold a total of 31,500 shares of company stock valued at $777,975 over the last three months. 5.40% of the stock is currently owned by insiders.

Several research firms have issued reports on CRZO. Zacks Investment Research lowered shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Williams Capital reaffirmed a “buy” rating and set a $41.00 price objective on shares of Carrizo Oil & Gas in a report on Tuesday, August 7th. BidaskClub downgraded shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Stifel Nicolaus raised their price objective on shares of Carrizo Oil & Gas from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Monday, July 16th. Finally, Oppenheimer initiated coverage on shares of Carrizo Oil & Gas in a report on Wednesday, October 3rd. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $29.58.

CRZO stock traded up $0.34 during trading on Friday, hitting $22.08. 1,404,673 shares of the stock traded hands, compared to its average volume of 2,939,034. Carrizo Oil & Gas Inc has a one year low of $13.49 and a one year high of $31.57. The company has a market capitalization of $2.07 billion, a P/E ratio of 15.44 and a beta of 2.18. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 3.52.

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

About Carrizo Oil & Gas

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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