Public Employees Retirement Association of Colorado Sells 494,189 Shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO)

Public Employees Retirement Association of Colorado trimmed its position in shares of Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 97.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,704 shares of the oil and gas producer’s stock after selling 494,189 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Carrizo Oil & Gas were worth $109,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CRZO. Point72 Hong Kong Ltd bought a new stake in shares of Carrizo Oil & Gas in the 2nd quarter worth approximately $54,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Carrizo Oil & Gas by 22.5% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,421 shares of the oil and gas producer’s stock worth $75,000 after purchasing an additional 1,363 shares in the last quarter. Teton Advisors Inc. bought a new stake in shares of Carrizo Oil & Gas in the 3rd quarter worth approximately $107,000. Commonwealth Equity Services LLC bought a new stake in shares of Carrizo Oil & Gas in the 2nd quarter worth approximately $109,000. Finally, WINTON GROUP Ltd bought a new stake in shares of Carrizo Oil & Gas in the 2nd quarter worth approximately $116,000.

In related news, CEO S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $9.83, for a total value of $78,640.00. Following the completion of the transaction, the chief executive officer now directly owns 171,221 shares in the company, valued at approximately $1,683,102.43. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.80% of the stock is owned by insiders.

A number of brokerages have recently commented on CRZO. Raymond James cut Carrizo Oil & Gas from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, July 17th. Wells Fargo & Co dropped their price target on Carrizo Oil & Gas from $11.00 to $9.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 15th. Piper Jaffray Companies set a $15.00 price target on Carrizo Oil & Gas and gave the stock a “hold” rating in a research report on Friday, August 16th. Northland Securities reissued a “hold” rating and issued a $9.00 price target on shares of Carrizo Oil & Gas in a research report on Sunday, September 1st. Finally, Zacks Investment Research cut Carrizo Oil & Gas from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.35.

Shares of NASDAQ CRZO opened at $7.72 on Thursday. Carrizo Oil & Gas Inc has a twelve month low of $6.87 and a twelve month high of $18.63. The firm has a market cap of $722.36 million, a P/E ratio of 2.78, a PEG ratio of 0.12 and a beta of 2.12. The company has a 50 day moving average of $7.87 and a 200 day moving average of $9.44. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.32.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. Carrizo Oil & Gas had a net margin of 61.01% and a return on equity of 19.61%. The company had revenue of $256.99 million during the quarter, compared to analyst estimates of $261.67 million. As a group, equities analysts expect that Carrizo Oil & Gas Inc will post 2.5 earnings per share for the current fiscal year.

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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