Victory Capital Management Inc. increased its position in shares of Carrizo Oil & Gas Inc. (NASDAQ:CRZO) by 49.7% during the third quarter, Holdings Channel reports. The institutional investor owned 1,187,912 shares of the company’s stock after buying an additional 394,524 shares during the period. Victory Capital Management Inc.’s holdings in Carrizo Oil & Gas were worth $48,253,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in CRZO. Capital Research Global Investors raised its stake in shares of Carrizo Oil & Gas by 31.6% in the second quarter. Capital Research Global Investors now owns 5,176,973 shares of the company’s stock worth $185,594,000 after buying an additional 1,242,353 shares in the last quarter. Vanguard Group Inc. raised its stake in Carrizo Oil & Gas by 3.3% in the second quarter. Vanguard Group Inc. now owns 4,659,514 shares of the company’s stock valued at $167,043,000 after buying an additional 146,895 shares during the period. FMR LLC raised its stake in Carrizo Oil & Gas by 34.1% in the second quarter. FMR LLC now owns 4,189,558 shares of the company’s stock valued at $150,196,000 after buying an additional 1,065,521 shares during the period. Frontier Capital Management Co. LLC raised its stake in Carrizo Oil & Gas by 5.4% in the second quarter. Frontier Capital Management Co. LLC now owns 3,762,074 shares of the company’s stock valued at $134,870,000 after buying an additional 192,152 shares during the period. Finally, BlackRock Fund Advisors raised its stake in Carrizo Oil & Gas by 2.1% in the second quarter. BlackRock Fund Advisors now owns 3,664,096 shares of the company’s stock valued at $131,358,000 after buying an additional 74,906 shares during the period.

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

Carrizo Oil & Gas Inc. (NASDAQ:CRZO) traded up 11.808% during mid-day trading on Wednesday, reaching $39.323. 446,696 shares of the company were exchanged. The company’s market capitalization is $2.56 billion. Carrizo Oil & Gas Inc. has a 1-year low of $16.10 and a 1-year high of $43.56. The company has a 50 day moving average of $37.63 and a 200-day moving average of $37.05.

Carrizo Oil & Gas (NASDAQ:CRZO) last announced its earnings results on Thursday, November 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.06. Carrizo Oil & Gas had a negative net margin of 264.25% and a positive return on equity of 85.42%. The business had revenue of $111.20 million for the quarter, compared to analyst estimates of $127.99 million. During the same quarter last year, the business earned $0.20 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts forecast that Carrizo Oil & Gas Inc. will post $0.98 EPS for the current year.

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CRZO has been the subject of several analyst reports. Zacks Investment Research lowered Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 5th. Credit Suisse Group AG lowered Carrizo Oil & Gas from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $42.00 to $41.00 in a research note on Thursday, October 13th. Canaccord Genuity set a $44.00 price objective on Carrizo Oil & Gas and gave the stock a “buy” rating in a research note on Monday, October 24th. Goldman Sachs Group Inc. lowered Carrizo Oil & Gas from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research note on Tuesday, October 18th. Finally, FBR & Co upped their price objective on Carrizo Oil & Gas from $49.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 6th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Carrizo Oil & Gas has an average rating of “Buy” and a consensus target price of $41.00.

In other news, insider S P. Iv Johnson sold 6,000 shares of Carrizo Oil & Gas stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $39.68, for a total value of $238,080.00. Following the sale, the insider now owns 601,717 shares in the company, valued at $23,876,130.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO John Bradley Fisher sold 27,831 shares of Carrizo Oil & Gas stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $35.05, for a total transaction of $975,476.55. Following the completion of the sale, the chief operating officer now owns 179,403 shares in the company, valued at approximately $6,288,075.15. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by insiders.

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.

5 Day Chart for NASDAQ:CRZO

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