Alliancebernstein L.P. Sells 51,453 Shares of Carrizo Oil & Gas, Inc. (CRZO)

Alliancebernstein L.P. trimmed its position in Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) by 36.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,051 shares of the oil and gas producer’s stock after selling 51,453 shares during the quarter. Alliancebernstein L.P. owned 0.11% of Carrizo Oil & Gas worth $1,938,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CRZO. Geode Capital Management LLC grew its stake in Carrizo Oil & Gas by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 687,946 shares of the oil and gas producer’s stock valued at $14,639,000 after purchasing an additional 8,379 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Carrizo Oil & Gas by 1.8% in the 4th quarter. Mackenzie Financial Corp now owns 1,556,000 shares of the oil and gas producer’s stock worth $33,112,000 after acquiring an additional 28,000 shares in the last quarter. Ninepoint Partners LP grew its position in shares of Carrizo Oil & Gas by 26.3% in the 4th quarter. Ninepoint Partners LP now owns 48,000 shares of the oil and gas producer’s stock worth $1,021,000 after acquiring an additional 10,000 shares in the last quarter. Dumac Inc. acquired a new position in shares of Carrizo Oil & Gas in the 4th quarter worth approximately $5,062,000. Finally, Cookson Peirce & Co. Inc. acquired a new position in shares of Carrizo Oil & Gas in the 4th quarter worth approximately $478,000.

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In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $18.19, for a total value of $145,520.00. Following the completion of the sale, the insider now owns 208,294 shares of the company’s stock, valued at $3,788,867.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO John Bradley Fisher sold 22,292 shares of the business’s stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $14.83, for a total value of $330,590.36. Following the completion of the sale, the chief operating officer now directly owns 183,445 shares of the company’s stock, valued at approximately $2,720,489.35. The disclosure for this sale can be found here. Insiders sold 104,143 shares of company stock worth $1,581,599 in the last 90 days. Corporate insiders own 6.00% of the company’s stock.

Shares of CRZO stock opened at $16.99 on Tuesday. Carrizo Oil & Gas, Inc. has a 1-year low of $11.10 and a 1-year high of $28.30. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.39. The firm has a market cap of $1,390.85, a PE ratio of 11.88 and a beta of 2.09.

Carrizo Oil & Gas (NASDAQ:CRZO) last issued its earnings results on Monday, February 26th. The oil and gas producer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.12. Carrizo Oil & Gas had a return on equity of 48.04% and a net margin of 11.68%. The firm had revenue of $246.77 million for the quarter, compared to the consensus estimate of $238.06 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The business’s quarterly revenue was up 71.6% compared to the same quarter last year. equities research analysts anticipate that Carrizo Oil & Gas, Inc. will post 2.42 EPS for the current year.

Several brokerages have recently commented on CRZO. Citigroup assumed coverage on Carrizo Oil & Gas in a research report on Friday, December 22nd. They issued a “neutral” rating and a $26.00 target price for the company. Royal Bank of Canada restated a “buy” rating and set a $22.00 price objective on shares of Carrizo Oil & Gas in a research report on Friday. KeyCorp set a $26.00 price objective on Carrizo Oil & Gas and gave the company a “buy” rating in a research report on Sunday, January 21st. Johnson Rice downgraded Carrizo Oil & Gas from a “buy” rating to an “accumulate” rating in a research note on Tuesday, February 27th. Finally, JPMorgan Chase lifted their target price on Carrizo Oil & Gas from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. Carrizo Oil & Gas presently has an average rating of “Hold” and a consensus target price of $26.79.

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About Carrizo Oil & Gas

Carrizo Oil & Gas, Inc, together with its subsidiaries, engages in the exploration, development, and production of 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 Eagle Ford Shale in South Texas; and the Delaware Basin in West Texas.

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

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