Illinois Municipal Retirement Fund Has $811,000 Stake in Comstock Resources, Inc. (NYSE:CRK)

Illinois Municipal Retirement Fund reduced its stake in shares of Comstock Resources, Inc. (NYSE:CRK) by 16.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,525 shares of the oil and gas producer’s stock after selling 8,864 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Comstock Resources were worth $811,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Comstock Resources by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,413,820 shares of the oil and gas producer’s stock valued at $15,736,000 after purchasing an additional 57,376 shares during the last quarter. Royce & Associates LP grew its stake in shares of Comstock Resources by 79.2% during the third quarter. Royce & Associates LP now owns 689,780 shares of the oil and gas producer’s stock valued at $7,677,000 after purchasing an additional 304,780 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Comstock Resources by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 439,470 shares of the oil and gas producer’s stock valued at $8,007,000 after purchasing an additional 12,257 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Comstock Resources by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 170,338 shares of the oil and gas producer’s stock valued at $1,896,000 after purchasing an additional 13,998 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Comstock Resources by 256.3% during the third quarter. Barclays PLC now owns 155,614 shares of the oil and gas producer’s stock valued at $1,731,000 after purchasing an additional 111,934 shares during the last quarter. 36.13% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Elizabeth B. Davis sold 8,000 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.17, for a total transaction of $145,360.00. Following the sale, the director now directly owns 99,632 shares in the company, valued at $1,810,313.44. This trade represents a 7.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 38,000 shares of company stock worth $634,660 over the last ninety days. Company insiders own 2.00% of the company’s stock.

Comstock Resources Trading Up 0.1 %

Shares of NYSE CRK opened at $17.99 on Tuesday. The company’s fifty day moving average is $18.96 and its 200-day moving average is $14.73. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of -23.67, a P/E/G ratio of 1.65 and a beta of 0.48. Comstock Resources, Inc. has a twelve month low of $7.74 and a twelve month high of $22.06. The company has a quick ratio of 0.60, a current ratio of 0.46 and a debt-to-equity ratio of 1.27.

Comstock Resources (NYSE:CRK) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $370.62 million. Equities research analysts predict that Comstock Resources, Inc. will post 0.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CRK. Piper Sandler increased their price target 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. Truist Financial increased their price target on shares of Comstock Resources from $11.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, January 13th. StockNews.com raised shares of Comstock Resources to a “sell” rating in a research note on Thursday, February 20th. Mizuho raised shares of Comstock Resources from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $10.00 to $18.00 in a research note on Monday, December 16th. Finally, Citigroup raised their price objective on shares of Comstock Resources from $12.50 to $15.50 and gave the company a “neutral” rating in a research note on Friday, December 6th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Comstock Resources has a consensus rating of “Hold” and a consensus target price of $13.40.

Comstock Resources Profile

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.