Carrizo Oil & Gas Inc (CRZO) Holdings Boosted by William Blair Investment Management LLC

William Blair Investment Management LLC grew its holdings in shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,679,335 shares of the oil and gas producer’s stock after purchasing an additional 5,450 shares during the period. William Blair Investment Management LLC owned approximately 2.06% of Carrizo Oil & Gas worth $35,736,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CRZO. NWQ Investment Management Company LLC increased its position in Carrizo Oil & Gas by 122.6% during the 3rd quarter. NWQ Investment Management Company LLC now owns 7,261,441 shares of the oil and gas producer’s stock worth $124,388,000 after purchasing an additional 3,999,717 shares during the period. Kimmeridge Energy Management Company LLC increased its position in Carrizo Oil & Gas by 1,102.0% during the 4th quarter. Kimmeridge Energy Management Company LLC now owns 3,990,500 shares of the oil and gas producer’s stock worth $84,918,000 after purchasing an additional 3,658,500 shares during the period. Lion Point Capital LP acquired a new position in Carrizo Oil & Gas during the 4th quarter worth approximately $42,560,000. LSV Asset Management increased its position in Carrizo Oil & Gas by 115.2% during the 4th quarter. LSV Asset Management now owns 1,543,800 shares of the oil and gas producer’s stock worth $32,852,000 after purchasing an additional 826,286 shares during the period. Finally, Frontier Capital Management Co. LLC increased its position in Carrizo Oil & Gas by 12.5% during the 4th quarter. Frontier Capital Management Co. LLC now owns 7,040,815 shares of the oil and gas producer’s stock worth $149,829,000 after purchasing an additional 784,124 shares during the period.

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Several equities analysts have issued reports on CRZO shares. Jefferies Group set a $21.00 target price on Carrizo Oil & Gas and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research upgraded 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 Wednesday, January 10th. Williams Capital reiterated a “buy” rating and set a $28.00 target price (down previously from $32.00) on shares of Carrizo Oil & Gas in a research report on Tuesday, February 27th. KeyCorp reiterated a “buy” rating on shares of Carrizo Oil & Gas in a research report on Friday, December 15th. Finally, Northland Securities set a $35.00 target price on Carrizo Oil & Gas and gave the stock a “buy” rating in a research report on Monday, December 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $27.28.

Shares of CRZO stock opened at $15.14 on Friday. The firm has a market capitalization of $1,230.19, a P/E ratio of 12.21 and a beta of 2.29. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.39. Carrizo Oil & Gas Inc has a fifty-two week low of $11.10 and a fifty-two week high of $30.19.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Monday, February 26th. The oil and gas producer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.12. The business had revenue of $246.77 million for the quarter, compared to analysts’ expectations of $238.06 million. Carrizo Oil & Gas had a return on equity of 48.04% and a net margin of 11.68%. The company’s revenue was up 71.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. analysts expect that Carrizo Oil & Gas Inc will post 2.63 earnings per share for the current year.

In other Carrizo Oil & Gas news, General Counsel Gerald A. Morton sold 11,174 shares of the stock in a transaction on Monday, March 19th. The stock was sold at an average price of $15.08, for a total transaction of $168,503.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider S P. Iv Johnson sold 8,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $23.92, for a total value of $191,360.00. Following the sale, the insider now owns 216,581 shares in the company, valued at approximately $5,180,617.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 111,304 shares of company stock worth $1,758,276. 6.00% of the stock is owned by insiders.

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Carrizo Oil & Gas 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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