WINTON GROUP Ltd Sells 21,640 Shares of Comstock Resources, Inc. (NYSE:CRK)

WINTON GROUP Ltd reduced its holdings in shares of Comstock Resources, Inc. (NYSE:CRKGet Rating) by 50.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 21,085 shares of the oil and gas producer’s stock after selling 21,640 shares during the quarter. WINTON GROUP Ltd’s holdings in Comstock Resources were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp boosted its stake in shares of Comstock Resources by 10.8% during the 1st quarter. State Street Corp now owns 8,728,560 shares of the oil and gas producer’s stock worth $113,908,000 after acquiring an additional 849,275 shares during the period. Vanguard Group Inc. boosted its stake in shares of Comstock Resources by 19.0% during the 1st quarter. Vanguard Group Inc. now owns 7,227,385 shares of the oil and gas producer’s stock worth $94,318,000 after acquiring an additional 1,152,570 shares during the period. BlackRock Inc. boosted its stake in shares of Comstock Resources by 12.5% during the 1st quarter. BlackRock Inc. now owns 7,076,353 shares of the oil and gas producer’s stock worth $92,347,000 after acquiring an additional 786,726 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Comstock Resources by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,216,378 shares of the oil and gas producer’s stock worth $68,075,000 after acquiring an additional 691,334 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Comstock Resources by 13.8% during the 1st quarter. Bank of New York Mellon Corp now owns 4,561,622 shares of the oil and gas producer’s stock worth $59,529,000 after acquiring an additional 554,378 shares during the period. 34.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CRK has been the subject of several recent research reports. KeyCorp initiated coverage on Comstock Resources in a research note on Monday, September 19th. They issued an “overweight” rating and a $26.00 price target for the company. The Goldman Sachs Group boosted their price target on Comstock Resources from $12.00 to $13.50 and gave the company a “sell” rating in a research note on Monday, August 22nd. StockNews.com initiated coverage on Comstock Resources in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Stifel Nicolaus boosted their price target on Comstock Resources from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, September 12th. Finally, Tudor, Pickering, Holt & Co. initiated coverage on Comstock Resources in a research note on Wednesday, November 16th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Comstock Resources has an average rating of “Hold” and an average price target of $19.88.

Insider Transactions at Comstock Resources

In other Comstock Resources news, Director Morris E. Foster purchased 8,000 shares of the stock in a transaction dated Thursday, September 22nd. The stock was bought at an average price of $18.18 per share, with a total value of $145,440.00. Following the acquisition, the director now owns 152,084 shares of the company’s stock, valued at $2,764,887.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Comstock Resources news, CEO M Jay Allison purchased 50,000 shares of the stock in a transaction dated Friday, September 16th. The stock was bought at an average price of $19.50 per share, with a total value of $975,000.00. Following the acquisition, the chief executive officer now owns 1,690,813 shares of the company’s stock, valued at $32,970,853.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Morris E. Foster purchased 8,000 shares of the stock in a transaction dated Thursday, September 22nd. The shares were acquired at an average cost of $18.18 per share, with a total value of $145,440.00. Following the acquisition, the director now directly owns 152,084 shares in the company, valued at approximately $2,764,887.12. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 122,000 shares of company stock valued at $2,291,680. Corporate insiders own 1.20% of the company’s stock.

Comstock Resources Price Performance

Shares of NYSE CRK opened at $17.59 on Monday. The stock has a market capitalization of $4.11 billion, a PE ratio of 5.11 and a beta of 1.35. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.65 and a quick ratio of 0.65. The business has a fifty day moving average price of $18.16 and a two-hundred day moving average price of $17.02. Comstock Resources, Inc. has a fifty-two week low of $6.88 and a fifty-two week high of $22.11.

Comstock Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.84%.

Comstock Resources Company Profile

(Get Rating)

Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas primarily in North Louisiana and East Texas, the United States. As of December 31, 2021, the company had 6.1 trillion cubic feet of the natural gas equivalent of proved reserves.

Further Reading

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Institutional Ownership by Quarter for Comstock Resources (NYSE:CRK)

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