Goehring & Rozencwajg Associates LLC Sells 24,373 Shares of Comstock Resources, Inc. (NYSE:CRK)

Goehring & Rozencwajg Associates LLC lessened its holdings in shares of Comstock Resources, Inc. (NYSE:CRK) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 investment portfolio, making the stock its 13th largest position. Goehring & Rozencwajg Associates LLC owned approximately 0.24% of Comstock Resources worth $12,808,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRK. Harbor Capital Advisors Inc. acquired a new position in shares of Comstock Resources during the 3rd quarter worth approximately $25,000. Sunbelt Securities Inc. boosted its position in Comstock Resources by 140.0% during the third quarter. Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer’s stock worth $27,000 after purchasing an additional 1,400 shares during the period. KBC Group NV increased its holdings in shares of Comstock Resources by 46.8% in 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. Blue Trust Inc. increased its holdings in shares of Comstock Resources by 116.3% in the third quarter. Blue Trust Inc. now owns 6,715 shares of the oil and gas producer’s stock valued at $70,000 after purchasing an additional 3,611 shares during the last quarter. Finally, Algert Global LLC bought a new position in shares of Comstock Resources in the second quarter valued at about $107,000. Institutional investors own 36.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CRK shares. Citigroup lifted their target price on shares of Comstock Resources from $12.50 to $15.50 and gave the stock a “neutral” rating in a report on Friday, December 6th. Morgan Stanley started coverage on Comstock Resources in a report on Friday, January 10th. They set an “equal weight” rating and a $18.00 price objective for the company. Siebert Williams Shank lowered Comstock Resources from a “hold” rating to a “sell” rating and set a $9.00 target price on the stock. in a research note on Tuesday, October 15th. Piper Sandler boosted their price target on Comstock Resources from $5.00 to $6.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Finally, Bank of America began coverage on Comstock Resources in a report on Monday, October 28th. They issued a “buy” rating and a $14.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.40.

Comstock Resources Stock Performance

NYSE:CRK opened at $17.30 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.60 and a current ratio of 0.60. 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 market cap of $5.06 billion, a price-to-earnings ratio of -96.10, a PEG ratio of 1.52 and a beta of 0.48. The stock has a fifty day moving average price of $18.00 and a 200-day moving average price of $13.67.

Insider Buying and Selling

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

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.