Goehring & Rozencwajg Associates LLC Has $12.81 Million Stock Position in Comstock Resources, Inc. (NYSE:CRK)

Goehring & Rozencwajg Associates LLC cut its holdings in Comstock Resources, Inc. (NYSE:CRK) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 702,991 shares of the oil and gas producer’s stock after selling 24,373 shares during the quarter. Comstock Resources makes up approximately 2.6% of Goehring & Rozencwajg Associates LLC’s holdings, making the stock its 13th biggest holding. Goehring & Rozencwajg Associates LLC’s holdings in Comstock Resources were worth $12,808,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Royce & Associates LP lifted its stake in shares of Comstock Resources by 79.2% in the 3rd quarter. Royce & Associates LP now owns 689,780 shares of the oil and gas producer’s stock valued at $7,677,000 after acquiring an additional 304,780 shares during the last quarter. Barclays PLC increased its holdings in Comstock Resources by 256.3% in the 3rd quarter. Barclays PLC now owns 155,614 shares of the oil and gas producer’s stock worth $1,731,000 after purchasing an additional 111,934 shares in the last quarter. JPMorgan Chase & Co. raised its position in Comstock Resources by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 170,338 shares of the oil and gas producer’s stock valued at $1,896,000 after purchasing an additional 13,998 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Comstock Resources by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,413,820 shares of the oil and gas producer’s stock valued at $15,736,000 after purchasing an additional 57,376 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Comstock Resources during the third quarter valued at about $419,000. Institutional investors own 36.13% of the company’s stock.

Comstock Resources Trading Down 1.8 %

Shares of CRK stock opened at $17.30 on Friday. Comstock Resources, Inc. has a fifty-two week low of $7.07 and a fifty-two week high of $22.06. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a 50 day simple moving average of $18.00 and a two-hundred day simple moving average of $13.67. The company has a market cap of $5.06 billion, a P/E ratio of -96.10, a PEG ratio of 1.52 and a beta of 0.48.

Analyst Ratings Changes

A number of brokerages recently issued reports on CRK. Truist Financial raised their price objective on shares of Comstock Resources from $11.00 to $19.00 and gave the company a “hold” rating in a report on Monday, January 13th. Siebert Williams Shank downgraded shares of 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. Mizuho raised shares of Comstock Resources from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $10.00 to $18.00 in a research note on Monday, December 16th. Citigroup raised their target price on Comstock Resources from $12.50 to $15.50 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, Piper Sandler upped their price target on Comstock Resources from $5.00 to $6.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.40.

Insider Activity

In other Comstock Resources news, Director Elizabeth B. Davis sold 10,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $16.33, for a total value of $163,300.00. Following the completion of the sale, the director now directly owns 123,781 shares in the company, valued at approximately $2,021,343.73. This trade represents a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 38,000 shares of company stock worth $634,660 in the last quarter. 2.00% of the stock is owned by corporate insiders.

Comstock Resources 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.