Aperio Group LLC Increases Position in Carrizo Oil & Gas, Inc. (CRZO)

Aperio Group LLC raised its position in shares of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) by 271.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,216 shares of the oil and gas producer’s stock after buying an additional 30,845 shares during the period. Aperio Group LLC owned 0.06% of Carrizo Oil & Gas worth $735,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Louisiana State Employees Retirement System increased its position in shares of Carrizo Oil & Gas by 25.3% in the second quarter. Louisiana State Employees Retirement System now owns 31,200 shares of the oil and gas producer’s stock worth $544,000 after buying an additional 6,300 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Carrizo Oil & Gas by 79.9% in the second quarter. State of Alaska Department of Revenue now owns 12,164 shares of the oil and gas producer’s stock worth $211,000 after buying an additional 5,404 shares in the last quarter. NN Investment Partners Holdings N.V. increased its position in shares of Carrizo Oil & Gas by 64.7% in the second quarter. NN Investment Partners Holdings N.V. now owns 22,265 shares of the oil and gas producer’s stock worth $388,000 after buying an additional 8,750 shares in the last quarter. Hartwell J M Limited Partnership acquired a new position in shares of Carrizo Oil & Gas during the second quarter worth approximately $261,000. Finally, Nuveen Asset Management LLC increased its position in shares of Carrizo Oil & Gas by 5.6% in the first quarter. Nuveen Asset Management LLC now owns 66,702 shares of the oil and gas producer’s stock worth $1,912,000 after buying an additional 3,545 shares in the last quarter. 91.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of Carrizo Oil & Gas, Inc. (NASDAQ CRZO) traded down 2.11% on Monday, reaching $13.43. 642,506 shares of the company’s stock traded hands. Carrizo Oil & Gas, Inc. has a 52 week low of $12.73 and a 52 week high of $43.96. The company’s 50-day moving average is $15.27 and its 200-day moving average is $23.69. The firm’s market capitalization is $1.09 billion.

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, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.05. The firm had revenue of $166.50 million for the quarter, compared to analyst estimates 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%. The business’s revenue for the quarter was up 55.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 EPS. Equities research analysts anticipate that Carrizo Oil & Gas, Inc. will post $1.03 earnings per share for the current fiscal year.

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A number of brokerages have recently commented on CRZO. BMO Capital Markets set a $20.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research raised shares of Carrizo Oil & Gas from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Williams Capital set a $35.00 target price on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Tuesday, August 8th. BidaskClub downgraded shares of Carrizo Oil & Gas from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Finally, J P Morgan Chase & Co downgraded shares of Carrizo Oil & Gas from an “overweight” rating to a “neutral” rating and cut their target price for the company from $30.00 to $21.00 in a research note on Thursday, July 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $40.00.

In other Carrizo Oil & Gas news, Director Steven A. Webster purchased 75,000 shares of the stock in a transaction on Monday, August 14th. The shares were purchased at an average price of $13.89 per share, with a total value of $1,041,750.00. Following the acquisition, the director now directly owns 2,724,410 shares of the company’s stock, valued at approximately $37,842,054.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven A. Webster purchased 29,700 shares of the stock in a transaction on Tuesday, August 15th. The stock was acquired at an average cost of $13.36 per share, for a total transaction of $396,792.00. Following the acquisition, the director now directly owns 2,724,410 shares in the company, valued at $36,398,117.60. The disclosure for this purchase can be found here. Insiders acquired a total of 256,600 shares of company stock worth $3,498,306 in the last three months. Insiders own 6.00% of the company’s stock.

About Carrizo Oil & Gas

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.