United Services Automobile Association Has $5.26 Million Stock Holdings in Carrizo Oil & Gas Inc (NASDAQ:CRZO)

United Services Automobile Association cut its holdings in Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 23.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 524,694 shares of the oil and gas producer’s stock after selling 161,150 shares during the quarter. United Services Automobile Association’s holdings in Carrizo Oil & Gas were worth $5,257,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CRZO. BlackRock Inc. grew its position in shares of Carrizo Oil & Gas by 2.2% during the 2nd quarter. BlackRock Inc. now owns 12,994,109 shares of the oil and gas producer’s stock worth $130,201,000 after buying an additional 277,061 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Carrizo Oil & Gas by 10.0% during the 2nd quarter. Mackenzie Financial Corp now owns 2,111,263 shares of the oil and gas producer’s stock valued at $21,155,000 after purchasing an additional 192,600 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Carrizo Oil & Gas by 1,086.1% during the 2nd quarter. Morgan Stanley now owns 1,232,610 shares of the oil and gas producer’s stock valued at $12,351,000 after purchasing an additional 1,128,689 shares in the last quarter. Investment Counselors of Maryland LLC lifted its holdings in shares of Carrizo Oil & Gas by 1.1% during the 2nd quarter. Investment Counselors of Maryland LLC now owns 1,193,364 shares of the oil and gas producer’s stock valued at $11,958,000 after purchasing an additional 13,142 shares in the last quarter. Finally, Clearbridge Investments LLC bought a new position in shares of Carrizo Oil & Gas during the 1st quarter valued at about $14,487,000.

Shares of Carrizo Oil & Gas stock opened at $7.45 on Friday. Carrizo Oil & Gas Inc has a 12-month low of $7.17 and a 12-month high of $24.64. The stock has a market cap of $689.52 million, a P/E ratio of 2.68, a P/E/G ratio of 0.11 and a beta of 2.13. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 1.43. The business’s 50 day moving average is $8.46 and its 200-day moving average is $10.38.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Carrizo Oil & Gas had a return on equity of 25.15% and a net margin of 55.87%. The company had revenue of $264.97 million for the quarter, compared to analysts’ expectations of $263.76 million. On average, sell-side analysts expect that Carrizo Oil & Gas Inc will post 2.52 EPS for the current year.

Several research firms have commented on CRZO. Zacks Investment Research cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Johnson Rice cut Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Raymond James cut Carrizo Oil & Gas from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, July 17th. MKM Partners restated a “neutral” rating and issued a $11.00 target price (down previously from $19.00) on shares of Carrizo Oil & Gas in a research note on Tuesday, July 16th. Finally, Piper Jaffray Companies set a $15.00 target price on Carrizo Oil & Gas and gave the company a “hold” rating in a research note on Friday, August 16th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $15.75.

In other news, insider S P. Iv Johnson sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $8.26, for a total transaction of $66,080.00. Following the sale, the insider now owns 179,221 shares in the company, valued at approximately $1,480,365.46. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 24,000 shares of company stock worth $231,520. Company insiders own 4.80% of the company’s stock.

About Carrizo Oil & Gas

Carrizo Oil & Gas, Inc, an energy company, explores for, develops, and produces 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 the Eagle Ford Shale in South Texas; and the Permian Basin in West Texas.

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

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