Wellington Management Group LLP Acquires 10,449 Shares of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO)

Wellington Management Group LLP raised its position in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) by 70.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,349 shares of the oil and gas producer’s stock after buying an additional 10,449 shares during the period. Wellington Management Group LLP’s holdings in Carrizo Oil & Gas were worth $727,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Glen Harbor Capital Management LLC increased its position in shares of Carrizo Oil & Gas by 33.7% in the first quarter. Glen Harbor Capital Management LLC now owns 3,892 shares of the oil and gas producer’s stock worth $112,000 after buying an additional 980 shares during the period. Elkfork Partners LLC increased its position in shares of Carrizo Oil & Gas by 33.7% in the first quarter. Elkfork Partners LLC now owns 4,726 shares of the oil and gas producer’s stock worth $135,000 after buying an additional 1,190 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Carrizo Oil & Gas during the first quarter valued at approximately $150,000. State of Alaska Department of Revenue increased its position in Carrizo Oil & Gas by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 6,760 shares of the oil and gas producer’s stock valued at $193,000 after buying an additional 120 shares during the last quarter. Finally, Creative Planning increased its position in Carrizo Oil & Gas by 10.3% in the first quarter. Creative Planning now owns 7,955 shares of the oil and gas producer’s stock valued at $228,000 after buying an additional 745 shares during the last quarter. 91.93% of the stock is currently owned by hedge funds and other institutional investors.

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) traded up 2.39% during midday trading on Friday, reaching $13.72. The company’s stock had a trading volume of 2,494,384 shares. The company’s market cap is $1.12 billion. Carrizo Oil & Gas, Inc. has a 12 month low of $12.73 and a 12 month high of $43.96. The stock has a 50-day moving average price of $15.27 and a 200 day moving average price of $23.69.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The firm had revenue of $166.50 million during the quarter, compared to analyst estimates of $163.22 million. Carrizo Oil & Gas had a negative net margin of 0.98% and a positive return on equity of 1,494.45%. The business’s revenue for the quarter was up 55.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 EPS. Analysts expect that Carrizo Oil & Gas, Inc. will post $1.03 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Wellington Management Group LLP Acquires 10,449 Shares of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO)” was originally published by BNB Daily and is the sole property of of BNB Daily. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.baseball-news-blog.com/2017/08/19/wellington-management-group-llp-raises-stake-in-carrizo-oil-gas-inc-nasdaqcrzo-updated-updated-updated.html.

Several equities analysts have recently commented on the company. Williams Capital set a $35.00 target price on Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $43.00 target price on shares of Carrizo Oil & Gas in a research report on Tuesday, April 25th. Robert W. Baird decreased their target price on Carrizo Oil & Gas from $50.00 to $36.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 24th. Seaport Global Securities downgraded Carrizo Oil & Gas from a “buy” rating to a “sell” rating in a research report on Wednesday, June 21st. Finally, BidaskClub downgraded Carrizo Oil & Gas from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.00.

In other news, Director Steven A. Webster purchased 151,900 shares of Carrizo Oil & Gas stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average cost of $13.56 per share, for a total transaction of $2,059,764.00. Following the transaction, the director now directly owns 2,724,410 shares of the company’s stock, valued at $36,942,999.60. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Steven A. Webster purchased 29,700 shares of Carrizo Oil & Gas stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average price of $13.36 per share, with a total value of $396,792.00. Following the completion of the transaction, the director now directly owns 2,724,410 shares in the company, valued at $36,398,117.60. The disclosure for this purchase can be found here. Insiders have bought a total of 256,600 shares of company stock valued at $3,498,306 over the last 90 days. Company insiders own 6.00% of the company’s stock.

Carrizo Oil & Gas Company 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.

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

Receive News & Ratings for Carrizo Oil & Gas Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carrizo Oil & Gas Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply