Carrizo Oil & Gas Inc (CRZO) Shares Bought by Kimmeridge Energy Management Company LLC

Kimmeridge Energy Management Company LLC increased its holdings in Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 1,102.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,990,500 shares of the oil and gas producer’s stock after buying an additional 3,658,500 shares during the period. Carrizo Oil & Gas comprises about 42.5% of Kimmeridge Energy Management Company LLC’s holdings, making the stock its largest position. Kimmeridge Energy Management Company LLC owned about 4.90% of Carrizo Oil & Gas worth $84,918,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. GeoSphere Capital Management purchased a new position in Carrizo Oil & Gas in the 3rd quarter valued at about $2,423,000. Granahan Investment Management Inc. MA purchased a new position in shares of Carrizo Oil & Gas during the 3rd quarter worth about $526,000. Janus Henderson Group PLC lifted its holdings in shares of Carrizo Oil & Gas by 125.4% during the 3rd quarter. Janus Henderson Group PLC now owns 338,109 shares of the oil and gas producer’s stock worth $5,792,000 after acquiring an additional 188,109 shares during the period. Boothbay Fund Management LLC purchased a new position in shares of Carrizo Oil & Gas during the 3rd quarter worth about $388,000. Finally, NWQ Investment Management Company LLC lifted its holdings in shares of Carrizo Oil & Gas by 122.6% during the 3rd quarter. NWQ Investment Management Company LLC now owns 7,261,441 shares of the oil and gas producer’s stock worth $124,388,000 after acquiring an additional 3,999,717 shares during the period. Institutional investors and hedge funds own 99.96% of the company’s stock.

Carrizo Oil & Gas Inc (NASDAQ:CRZO) traded up $0.24 on Thursday, reaching $23.26. 2,700,900 shares of the company were exchanged, compared to its average volume of 2,707,050. The firm has a market cap of $1,940.00, a P/E ratio of 15.01 and a beta of 2.18. Carrizo Oil & Gas Inc has a 12-month low of $11.10 and a 12-month high of $39.48. The company has a debt-to-equity ratio of 4.38, a quick ratio of 0.32 and a current ratio of 0.32.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Tuesday, November 7th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.09. The firm had revenue of $181.28 million during the quarter, compared to the consensus estimate of $177.97 million. Carrizo Oil & Gas had a net margin of 16.08% and a return on equity of 58.37%. The company’s revenue was up 63.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. analysts expect that Carrizo Oil & Gas Inc will post 1.38 EPS for the current year.

In other Carrizo Oil & Gas news, CEO S P. Iv Johnson sold 8,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $18.57, for a total value of $148,560.00. Following the completion of the sale, the chief executive officer now owns 223,194 shares of the company’s stock, valued at $4,144,712.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.00% of the stock is owned by company insiders.

Several research analysts have recently weighed in on the stock. SunTrust Banks reiterated a “buy” rating and set a $26.00 price objective on shares of Carrizo Oil & Gas in a report on Wednesday. BidaskClub upgraded shares of Carrizo Oil & Gas from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Citigroup assumed coverage on shares of Carrizo Oil & Gas in a report on Thursday, December 28th. They set a “hold” rating and a $26.00 price objective on the stock. Jefferies Group set a $21.00 price objective on shares of Carrizo Oil & Gas and gave the stock a “hold” rating in a report on Wednesday, December 20th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $24.00 price objective on shares of Carrizo Oil & Gas in a report on Wednesday, December 20th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $28.33.

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Carrizo Oil & Gas 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.

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

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