Liontrust Investment Partners LLP grew its holdings in shares of Comstock Resources, Inc. (NYSE:CRK – Free Report) by 877.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 128,938 shares of the oil and gas producer’s stock after buying an additional 115,752 shares during the period. Liontrust Investment Partners LLP’s holdings in Comstock Resources were worth $2,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also made changes to their positions in the company. CreativeOne Wealth LLC increased its holdings in shares of Comstock Resources by 3.7% in the 3rd quarter. CreativeOne Wealth LLC now owns 13,931 shares of the oil and gas producer’s stock valued at $276,000 after acquiring an additional 500 shares during the last quarter. Natixis Advisors LLC lifted its stake in Comstock Resources by 2.0% during the fourth quarter. Natixis Advisors LLC now owns 29,703 shares of the oil and gas producer’s stock worth $689,000 after purchasing an additional 572 shares during the last quarter. Carrera Capital Advisors lifted its stake in Comstock Resources by 0.7% during the fourth quarter. Carrera Capital Advisors now owns 82,910 shares of the oil and gas producer’s stock worth $1,922,000 after purchasing an additional 606 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Comstock Resources by 14.2% during the fourth quarter. Farther Finance Advisors LLC now owns 6,435 shares of the oil and gas producer’s stock worth $149,000 after purchasing an additional 802 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Comstock Resources by 27.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,942 shares of the oil and gas producer’s stock valued at $94,000 after purchasing an additional 857 shares in the last quarter. 36.13% of the stock is owned by institutional investors and hedge funds.
Comstock Resources Stock Up 4.1%
Shares of NYSE:CRK opened at $13.22 on Friday. Comstock Resources, Inc. has a 1-year low of $12.12 and a 1-year high of $28.10. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.48 and a quick ratio of 0.41. The stock has a market cap of $3.88 billion, a P/E ratio of 7.43 and a beta of 0.10. The firm has a fifty day moving average price of $13.47 and a 200 day moving average price of $17.30.
Analyst Upgrades and Downgrades
Several equities analysts have commented on CRK shares. Roth Capital reiterated a “neutral” rating on shares of Comstock Resources in a research note on Thursday. Zacks Research downgraded shares of Comstock Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th. UBS Group restated a “sell” rating and issued a $13.00 target price (down from $17.00) on shares of Comstock Resources in a report on Monday, May 11th. Wall Street Zen raised shares of Comstock Resources from a “strong sell” rating to a “sell” rating in a research report on Saturday. Finally, Williams Trading set a $16.00 price target on shares of Comstock Resources in a research note on Thursday, May 14th. Six investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $15.22.
Read Our Latest Analysis on Comstock Resources
About Comstock Resources
Comstock Resources, Inc is an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties in the United States. The company focuses on generating long-term value through the efficient development of unconventional resource plays and conventional prospects. Its activities encompass drilling, completion and production operations, as well as the marketing of natural gas, natural gas liquids and crude oil.
Comstock holds a core position in the Haynesville Shale of Northwest Louisiana, one of the most active natural gas plays in North America, and has built a complementary portfolio in the Delaware Basin of West Texas.
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