Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) has been the object of insider selling activity recently. Frank A. Wojtek, Director disclosed the sale of 1,750 shares of CRZO stock. The shares were purchased at an average price of $33.98. Wojtek now owns $924,528 of the stock according to the SEC filing. Roger A. Ramsey, Director sold $33,320 worth of shares at an average price of $33.32 on Fri the 5th. That brings Ramsey’s holdings to $1,147,874 as reported to the SEC.
Today David L. Pitts, VP & Chief Financial Officer disclosed the sale of 5,771 shares of (CRZO). The shares were sold on March 16th for an average price of $29.25. The VP & Chief Financial Officer now owns $1,158,885 of the stock per the Form 4 SEC filing.
Here are a few other firms who have also updated their positions. Macquarie Group Ltd added to its holdings by buying 57,410 shares an increase of 9.1% from 03/31/2016 to 06/30/2016. Macquarie Group Ltd currently owns 690,577 shares with a value of $24,757,000. The value of the position overall is up by 26.5%. BNP Paribas Investment Partners S.A. divested its ownership by selling 48,904 shares a decrease of 25.1%. BNP Paribas Investment Partners S.A. owns 145,583 shares valued at $5,219,000. The total value of its holdings decreased 9.3%.
As of quarter end Mason Street Advisors, LLC had acquired a total of 1,943 shares growing its holdings by 22.2%. The value of the company’s investment in Carrizo Oil & Gas, Inc. increased from $259,000 to $383,000 a change of 47.9% for the reporting period. As of the end of the quarter Northwestern Mutual Wealth Management Co had sold 281 shares trimming its stake by 81.0%. The value of the investment in Carrizo Oil & Gas, Inc. went from $11,000 to $2,000 a change of $9,000 quarter over quarter.
On July 18 the company was upgraded to “Buy” from “Accumulate” and a price target of $49.00 was set in an announcement from KLR Group. Equity analyst Stifel Nicolaus initiated coverage on CRZO with a rating of “Buy” and setting a price target of $48.00.
On June 7 the stock rating was upgraded from “Neutral” to “Accumulate” in a statement from Seaport Global. On May 24 the company was changed to a “Accumulate” in a report from KLR Group down from the previous “Buy” rating.
May 6 investment analysts at Imperial Capital held the stock rating at “Outperform” but moved down the price target from $48.00 to $39.00. On March 30, 2016 the stock rating was set at “Neutral” by Seaport Global a cut from the previous “Buy” rating.
The company is trading up from yesterday’s close of $34.22. The stock last traded at $37.56 which is marginally higher than $36.59, the 50 day moving average and a tad higher than the 200 day moving average of $35.19. The 50 day moving average was up $0.97 or +2.66% and the 200 day average was up $2.37.
As of the last earnings report the EPS was $-29.49 and is expected to be $1.08 for the current year with 58,974,000 shares currently outstanding. Next quarter’s EPS is expected be $0.36 with next year’s EPS projected to be $1.41.
Traders are more bullish on shares of the company if you consider the decrease in short interest. The stock saw a fall in short interest of -0.08% as of the latest report on September 15, 2016. Short shares fell 887,764 over that period. Days to cover decreased 0.0 to 6.3 and the percentage of shorted shares was 0.17% on September 15.