Bleakley Financial Group LLC Has $582,000 Stock Holdings in Comstock Resources, Inc. (NYSE:CRK)

Bleakley Financial Group LLC raised its stake in Comstock Resources, Inc. (NYSE:CRK) by 25.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 31,955 shares of the oil and gas producer’s stock after buying an additional 6,464 shares during the period. Bleakley Financial Group LLC’s holdings in Comstock Resources were worth $582,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

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

Comstock Resources Trading Down 1.8 %

NYSE CRK opened at $17.30 on Monday. Comstock Resources, Inc. has a one year low of $7.07 and a one year high of $22.06. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.60 and a quick ratio of 0.60. The business has a 50 day simple moving average of $18.03 and a 200 day simple moving average of $13.76. The stock has a market capitalization 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.

Insider Transactions at Comstock Resources

In other news, Director Elizabeth B. Davis sold 8,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $18.17, for a total value of $145,360.00. Following the completion of the sale, the director now directly owns 99,632 shares in the company, valued at $1,810,313.44. This trade represents a 7.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 38,000 shares of company stock valued at $634,660 in the last quarter. 2.00% of the stock is currently owned by company insiders.

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.