Dimensional Fund Advisors LP Purchases 227,638 Shares of Comstock Resources, Inc. (NYSE:CRK)

Dimensional Fund Advisors LP grew its holdings in shares of Comstock Resources, Inc. (NYSE:CRK - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,297,863 shares of the oil and gas producer's stock after purchasing an additional 227,638 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.55% of Comstock Resources worth $242,301,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CRK. VSM Wealth Advisory LLC bought a new stake in shares of Comstock Resources in the 4th quarter worth approximately $27,000. Sterling Capital Management LLC increased its holdings in Comstock Resources by 804.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,958 shares of the oil and gas producer's stock worth $54,000 after acquiring an additional 2,631 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Comstock Resources by 225.2% in 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 acquiring an additional 2,326 shares during the period. KBC Group NV lifted its holdings in Comstock Resources by 46.8% during the fourth quarter. KBC Group NV now owns 6,480 shares of the oil and gas producer's stock valued at $118,000 after purchasing an additional 2,066 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Comstock Resources in the third quarter worth about $169,000. Hedge funds and other institutional investors own 36.13% of the company's stock.

Comstock Resources Trading Up 0.1 %

Comstock Resources stock traded up $0.02 during trading hours on Friday, reaching $18.38. The company had a trading volume of 1,663,603 shares, compared to its average volume of 2,667,199. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of -24.18, a P/E/G ratio of 1.65 and a beta of 0.42. Comstock Resources, Inc. has a 12-month low of $7.74 and a 12-month high of $22.06. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.46 and a quick ratio of 0.60. The company has a 50-day moving average price of $18.99 and a 200 day moving average price of $17.05.

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 for the quarter, topping analysts' consensus estimates of $0.02 by $0.14. Comstock Resources had a negative net margin of 18.32% and a negative return on equity of 3.10%. The company had revenue of $366.51 million during the quarter, compared to analyst estimates of $370.62 million. Equities analysts forecast that Comstock Resources, Inc. will post 0.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

CRK has been the subject of a number of recent research reports. Piper Sandler lifted their price objective on shares of Comstock Resources from $5.00 to $6.00 and gave the company an "underweight" rating in a research note on Wednesday, January 29th. Williams Trading set a $13.00 price target on Comstock Resources in a research report on Wednesday, March 5th. Morgan Stanley restated a "cautious" rating and issued a $22.00 price objective (up from $21.00) on shares of Comstock Resources in a research report on Wednesday, March 26th. UBS Group assumed coverage on shares of Comstock Resources in a research report on Tuesday. They set a "neutral" rating and a $19.00 price target for the company. Finally, StockNews.com upgraded Comstock Resources to a "sell" rating in a research report on Saturday, April 19th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $14.23.

About Comstock Resources

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.