Carrizo Oil & Gas Inc (CRZO) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp raised its stake in shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 49.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,528,000 shares of the oil and gas producer’s stock after acquiring an additional 508,000 shares during the period. Mackenzie Financial Corp owned approximately 1.88% of Carrizo Oil & Gas worth $26,175,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kings Point Capital Management lifted its stake in shares of Carrizo Oil & Gas by 220.0% in 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 during the period. Advisor Group Inc. lifted its stake in shares of Carrizo Oil & Gas by 47.4% in the 2nd quarter. Advisor Group Inc. now owns 8,121 shares of the oil and gas producer’s stock worth $141,000 after purchasing an additional 2,611 shares during the period. Van ECK Associates Corp lifted its stake in shares of Carrizo Oil & Gas by 15.0% in the 2nd quarter. Van ECK Associates Corp now owns 9,028 shares of the oil and gas producer’s stock worth $157,000 after purchasing an additional 1,177 shares during the period. Amalgamated Bank bought a new position in shares of Carrizo Oil & Gas in the 3rd quarter worth approximately $182,000. Finally, First Interstate Bank lifted its stake in shares of Carrizo Oil & Gas by 40.6% in the 2nd quarter. First Interstate Bank now owns 11,740 shares of the oil and gas producer’s stock worth $205,000 after purchasing an additional 3,390 shares during the period.

Shares of Carrizo Oil & Gas Inc (CRZO) opened at $19.66 on Wednesday. Carrizo Oil & Gas Inc has a one year low of $11.10 and a one year high of $42.75. The company has a market cap of $1,655.97, a P/E ratio of 16.26 and a beta of 2.18. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 4.38.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its earnings results on Tuesday, November 7th. The oil and gas producer reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.09. Carrizo Oil & Gas had a net margin of 16.08% and a return on equity of 58.37%. The company had revenue of $181.28 million for the quarter, compared to analysts’ expectations of $177.97 million. During the same quarter last year, the business earned $0.23 EPS. The firm’s revenue was up 63.1% compared to the same quarter last year. equities analysts forecast that Carrizo Oil & Gas Inc will post 1.32 earnings per share for the current year.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $18.69, for a total transaction of $149,520.00. Following the completion of the sale, the insider now directly owns 231,194 shares of the company’s stock, valued at approximately $4,321,015.86. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven A. Webster acquired 75,000 shares of the business’s stock in a transaction on Friday, September 8th. The shares were bought at an average cost of $11.70 per share, with a total value of $877,500.00. Following the completion of the acquisition, the director now owns 2,786,310 shares in the company, valued at $32,599,827. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Monday. SunTrust Banks reiterated a “buy” rating and issued a $24.00 price objective on shares of Carrizo Oil & Gas in a research note on Friday, November 10th. Mizuho set a $21.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “hold” rating in a research note on Friday, November 24th. Williams Capital set a $29.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “buy” rating in a research note on Monday, November 27th. Finally, Scotiabank restated a “buy” rating and set a $33.00 target price on shares of Carrizo Oil & Gas in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $28.76.

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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.

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

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