Comstock Resources, Inc. (NYSE:CRK) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its holdings in Comstock Resources, Inc. (NYSE:CRK - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,714,356 shares of the oil and gas producer's stock after selling 35,855 shares during the period. American Century Companies Inc. owned 0.93% of Comstock Resources worth $49,456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CRK. Sunbelt Securities Inc. lifted its holdings in shares of Comstock Resources by 140.0% in the third quarter. Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer's stock valued at $27,000 after purchasing an additional 1,400 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of Comstock Resources during the 4th quarter worth approximately $27,000. Natixis Advisors LLC lifted its stake in Comstock Resources by 6.6% in the 4th quarter. Natixis Advisors LLC now owns 25,778 shares of the oil and gas producer's stock valued at $470,000 after buying an additional 1,585 shares in the last quarter. KBC Group NV grew its holdings in Comstock Resources by 46.8% during the 4th quarter. KBC Group NV now owns 6,480 shares of the oil and gas producer's stock valued at $118,000 after buying an additional 2,066 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Comstock Resources by 225.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,359 shares of the oil and gas producer's stock valued at $64,000 after buying an additional 2,326 shares during the last quarter. 36.13% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CRK. Truist Financial upped their price objective on Comstock Resources from $11.00 to $19.00 and gave the company a "hold" rating in a research report on Monday, January 13th. StockNews.com upgraded shares of Comstock Resources to a "sell" rating in a report on Thursday, March 20th. Citigroup boosted their price objective on shares of Comstock Resources from $12.50 to $15.50 and gave the company a "neutral" rating in a research report on Friday, December 6th. Mizuho raised shares of Comstock Resources from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $10.00 to $18.00 in a research note on Monday, December 16th. Finally, Morgan Stanley reaffirmed a "cautious" rating and issued a $22.00 target price (up from $21.00) on shares of Comstock Resources in a research note on Wednesday. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Comstock Resources presently has a consensus rating of "Hold" and an average target price of $13.73.

Insider Transactions at Comstock Resources

In related news, Director Elizabeth B. Davis sold 8,000 shares of the company's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.17, for a total transaction of $145,360.00. Following the completion of the sale, the director now directly owns 99,632 shares of the company's stock, valued at approximately $1,810,313.44. This represents a 7.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.00% of the company's stock.

Comstock Resources Trading Up 0.2 %

NYSE:CRK traded up $0.04 on Friday, hitting $19.87. 1,552,158 shares of the stock were exchanged, compared to its average volume of 2,730,769. The stock has a fifty day moving average of $19.01 and a 200-day moving average of $15.89. The stock has a market cap of $5.82 billion, a PE ratio of -26.14, a PEG ratio of 1.65 and a beta of 0.55. The company has a current ratio of 0.46, a quick ratio of 0.60 and a debt-to-equity ratio of 1.27. Comstock Resources, Inc. has a fifty-two week low of $7.74 and a fifty-two week high of $22.06.

Comstock Resources (NYSE:CRK - Get Free Report) last posted its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.14. The firm had revenue of $366.51 million during the quarter, compared to the consensus estimate of $370.62 million. Comstock Resources had a negative net margin of 18.32% and a negative return on equity of 3.10%. As a group, equities analysts expect that Comstock Resources, Inc. will post 0.54 earnings per share for the current fiscal year.

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.