Bleakley Financial Group LLC Acquires 6,464 Shares of Comstock Resources, Inc. (NYSE:CRK)

Bleakley Financial Group LLC boosted its holdings in shares of Comstock Resources, Inc. (NYSE:CRK) by 25.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,955 shares of the oil and gas producer’s stock after buying an additional 6,464 shares during the quarter. Bleakley Financial Group LLC’s holdings in Comstock Resources were worth $582,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its holdings in shares of Comstock Resources by 2.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 57,876 shares of the oil and gas producer’s stock worth $601,000 after acquiring an additional 1,656 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Comstock Resources by 269.4% in the third quarter. SG Americas Securities LLC now owns 55,044 shares of the oil and gas producer’s stock valued at $613,000 after purchasing an additional 40,142 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Comstock Resources in the third quarter valued at about $215,000. Blue Trust Inc. raised its position in shares of Comstock Resources by 116.3% in the third quarter. Blue Trust Inc. now owns 6,715 shares of the oil and gas producer’s stock valued at $70,000 after purchasing an additional 3,611 shares during the period. Finally, Glenorchy Capital Ltd lifted its stake in shares of Comstock Resources by 91.1% during the 3rd quarter. Glenorchy Capital Ltd now owns 197,713 shares of the oil and gas producer’s stock worth $2,201,000 after buying an additional 94,230 shares during the last quarter. Institutional investors own 36.13% of the company’s stock.

Comstock Resources Price Performance

CRK stock opened at $17.30 on Monday. The company’s 50-day moving average price is $18.03 and its two-hundred day moving average price is $13.76. The firm has a market cap of $5.06 billion, a P/E ratio of -96.10, a P/E/G ratio of 1.45 and a beta of 0.48. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.25. Comstock Resources, Inc. has a 12 month low of $7.07 and a 12 month high of $22.06.

Insider Buying and Selling

In other Comstock Resources news, Director Elizabeth B. Davis sold 10,000 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $16.33, for a total transaction of $163,300.00. Following the completion of the sale, the director now directly owns 123,781 shares in the company, valued at $2,021,343.73. This represents a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 38,000 shares of company stock worth $634,660. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Piper Sandler increased their price target on shares of Comstock Resources from $5.00 to $6.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Citigroup increased their target price on Comstock Resources from $12.50 to $15.50 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Truist Financial boosted their price target on Comstock Resources from $11.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Siebert Williams Shank cut Comstock Resources from a “hold” rating to a “sell” rating and set a $9.00 price objective on the stock. in a research report on Tuesday, October 15th. Finally, Bank of America began coverage on shares of Comstock Resources in a research report on Monday, October 28th. They issued a “buy” rating and a $14.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.40.

Comstock Resources Company Profile

Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. Its assets are located in the Haynesville and Bossier shales located in North Louisiana and East Texas. The company was incorporated in 1919 and is headquartered in Frisco, Texas.