Trading Report: The 10,000 Shares of Carrizo Oil & Gas Inc. (CRZO) are sold by Viking Fund Management LLC

The 10,000 Shares of Carrizo Oil & Gas Inc. (CRZO) are sold by Viking Fund Management LLC

Viking Fund Management LLC lowered its position in Carrizo Oil & Gas Inc. (NASDAQ:CRZO) by 2.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 370,000 shares of the company’s stock after selling 10,000 shares during the period. Carrizo Oil & Gas makes up 2.5% of Viking Fund Management LLC’s holdings, making the stock its 14th largest position. Viking Fund Management LLC’s holdings in Carrizo Oil & Gas were worth $15,029,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Capital Research Global Investors increased its stake in 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 during the period. Vanguard Group Inc. increased 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 worth $167,043,000 after buying an additional 146,895 shares during the period. FMR LLC increased 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 worth $150,196,000 after buying an additional 1,065,521 shares during the period. Frontier Capital Management Co. LLC increased 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 worth $134,870,000 after buying an additional 192,152 shares during the period. Finally, BlackRock Fund Advisors increased 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 worth $131,358,000 after buying an additional 74,906 shares during the period.

Shares of Carrizo Oil & Gas Inc. (NASDAQ:CRZO) traded down 1.76% on Thursday, hitting $40.67. The stock had a trading volume of 1,000,561 shares. The firm has a 50 day moving average price of $37.95 and a 200-day moving average price of $35.97. The company’s market cap is $2.40 billion. Carrizo Oil & Gas Inc. has a 52 week low of $16.10 and a 52 week high of $43.56.

Carrizo Oil & Gas (NASDAQ:CRZO) last posted its earnings results on Thursday, August 4th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.16. Carrizo Oil & Gas had a negative net margin of 421.40% and a positive return on equity of 19.03%. The business earned $107.30 million during the quarter, compared to the consensus estimate of $119.67 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The firm’s revenue was down 13.1% on a year-over-year basis. Analysts anticipate that Carrizo Oil & Gas Inc. will post $1.06 EPS for the current year.

CRZO has been the subject of a number of research analyst reports. Mizuho initiated coverage on shares of Carrizo Oil & Gas in a research report on Wednesday, October 5th. They set a “neutral” rating and a $42.00 target price for the company. Zacks Investment Research downgraded shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a research report on Monday, August 22nd. Simmons reaffirmed a “neutral” rating and issued a $46.00 price objective (up previously from $42.00) on shares of Carrizo Oil & Gas in a research report on Monday, August 15th. Credit Suisse Group AG downgraded shares of Carrizo Oil & Gas from an “outperform” rating to a “neutral” rating in a research report on Thursday. Finally, FBR & Co increased their price objective on shares of Carrizo Oil & Gas from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, September 6th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $40.09.

In other news, COO John Bradley Fisher sold 7,500 shares of Carrizo Oil & Gas stock in a transaction on Monday, October 10th. The shares were sold at an average price of $43.00, for a total transaction of $322,500.00. Following the transaction, the chief operating officer now owns 144,072 shares in the company, valued at approximately $6,195,096. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider S P. Iv Johnson sold 6,000 shares of Carrizo Oil & Gas stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $41.56, for a total transaction of $249,360.00. Following the transaction, the insider now owns 595,717 shares in the company, valued at approximately $24,757,998.52. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by company 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.

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