Swiss National Bank Has $3.09 Million Holdings in Comstock Resources, Inc. (NYSE:CRK)

Swiss National Bank raised its position in Comstock Resources, Inc. (NYSE:CRK – Get Rating) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 225,200 shares of the oil and gas producer’s stock after purchasing an additional 4,300 shares during the quarter. Swiss National Bank owned 0.10% of Comstock Resources worth $3,087,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CRK. Spire Wealth Management bought a new position in shares of Comstock Resources in the 3rd quarter valued at about $35,000. Neo Ivy Capital Management bought a new position in shares of Comstock Resources in the 3rd quarter valued at about $41,000. Pittenger & Anderson Inc. grew its holdings in Comstock Resources by 200.0% during the third quarter. Pittenger & Anderson Inc. now owns 6,000 shares of the oil and gas producer’s stock worth $104,000 after purchasing an additional 4,000 shares during the period. New York State Teachers Retirement System bought a new position in Comstock Resources during the fourth quarter worth about $111,000. Finally, Lido Advisors LLC bought a new position in Comstock Resources during the first quarter worth about $131,000. Institutional investors and hedge funds own 35.22% of the company’s stock.

Insider Transactions at Comstock Resources

In related news, VP Brian Christopher Claunch acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were bought at an average price of $10.08 per share, with a total value of $50,400.00. Following the transaction, the vice president now directly owns 36,764 shares of the company’s stock, valued at $370,581.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, VP Brian Christopher Claunch acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were bought at an average price of $10.08 per share, with a total value of $50,400.00. Following the transaction, the vice president now directly owns 36,764 shares of the company’s stock, valued at $370,581.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Roland O. Burns acquired 10,000 shares of the business’s stock in a transaction dated Thursday, March 23rd. The shares were bought at an average cost of $10.00 per share, for a total transaction of $100,000.00. Following the transaction, the chief financial officer now directly owns 950,430 shares in the company, valued at $9,504,300. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Piper Sandler cut their price objective on shares of Comstock Resources from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, April 19th. Mizuho cut their price objective on shares of Comstock Resources from $18.00 to $17.00 in a research report on Friday. The Goldman Sachs Group dropped their price target on shares of Comstock Resources from $14.00 to $12.00 and set a “sell” rating for the company in a research report on Wednesday, January 25th. TheStreet downgraded shares of Comstock Resources from a “b” rating to a “c+” rating in a research report on Tuesday, May 2nd. Finally, Truist Financial dropped their price target on shares of Comstock Resources from $12.00 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.50.

Comstock Resources Stock Up 1.4 %

Shares of NYSE:CRK opened at $10.46 on Tuesday. The company has a fifty day moving average of $10.51 and a 200-day moving average of $12.91. The company has a market capitalization of $2.90 billion, a PE ratio of 2.09 and a beta of 1.19. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.67. Comstock Resources, Inc. has a 52-week low of $9.20 and a 52-week high of $22.11.

Comstock Resources (NYSE:CRK – Get Rating) last announced its quarterly earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33. The company had revenue of $489.58 million during the quarter, compared to the consensus estimate of $433.84 million. Comstock Resources had a net margin of 39.08% and a return on equity of 52.26%. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share. On average, equities analysts predict that Comstock Resources, Inc. will post 0.99 EPS for the current fiscal year.

Comstock Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.50 dividend on an annualized basis and a yield of 4.78%. Comstock Resources’s payout ratio is currently 10.00%.

About Comstock Resources

(Get Rating)

Comstock Resources, Inc engages in the acquisition, development, and exploration of oil and natural gas. The firm operations concentrated in the Haynesville shale, a premier natural gas basin located in East Texas. The company was founded in 1919 and is headquartered in Frisco, TX.