Virtu Financial LLC Purchases 54,132 Shares of Comstock Resources, Inc. (NYSE:CRK)

Virtu Financial LLC raised its position in Comstock Resources, Inc. (NYSE:CRK) by 537.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,197 shares of the oil and gas producer’s stock after purchasing an additional 54,132 shares during the period. Virtu Financial LLC’s holdings in Comstock Resources were worth $568,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in Comstock Resources by 7.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 922,263 shares of the oil and gas producer’s stock valued at $10,173,000 after purchasing an additional 60,830 shares in the last quarter. Hsbc Holdings PLC increased its stake in Comstock Resources by 280.7% in the third quarter. Hsbc Holdings PLC now owns 409,406 shares of the oil and gas producer’s stock valued at $4,556,000 after purchasing an additional 301,863 shares in the last quarter. Advisory Services Network LLC bought a new stake in Comstock Resources in the fourth quarter valued at approximately $1,204,000. Corient Private Wealth LLC bought a new stake in Comstock Resources in the fourth quarter valued at approximately $1,665,000. Finally, Jump Financial LLC bought a new stake in shares of Comstock Resources during the fourth quarter worth $662,000. Institutional investors own 36.13% of the company’s stock.

Comstock Resources Stock Performance

Shares of CRK stock opened at $10.96 on Tuesday. The stock has a market cap of $3.20 billion, a P/E ratio of 49.82 and a beta of 0.60. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.64 and a quick ratio of 0.64. The company has a fifty day moving average price of $10.59 and a two-hundred day moving average price of $9.23. Comstock Resources, Inc. has a one year low of $7.07 and a one year high of $13.39.

Comstock Resources (NYSE:CRK) last announced its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. The firm had revenue of $335.77 million during the quarter, compared to analysts’ expectations of $343.97 million. Comstock Resources had a net margin of 4.27% and a return on equity of 1.25%. The company’s revenue for the quarter was down 31.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 earnings per share. As a group, equities analysts predict that Comstock Resources, Inc. will post -0.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CRK shares. StockNews.com raised shares of Comstock Resources to a “sell” rating in a research report on Monday, April 29th. Capital One Financial downgraded shares of Comstock Resources from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, May 15th. Stifel Nicolaus lowered their price objective on shares of Comstock Resources from $14.00 to $13.50 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. The Goldman Sachs Group raised their target price on shares of Comstock Resources from $9.00 to $10.00 and gave the company a “sell” rating in a research report on Tuesday, May 28th. Finally, Mizuho raised their target price on shares of Comstock Resources from $10.00 to $11.00 and gave the company an “underperform” rating in a research report on Monday, May 13th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.25.

Insider Buying and Selling at Comstock Resources

In other news, major shareholder Star Exploration Corp Blue purchased 12,500,000 shares of the business’s stock in a transaction on Monday, March 25th. The stock was purchased at an average price of $8.04 per share, for a total transaction of $100,500,000.00. Following the completion of the purchase, the insider now directly owns 194,821,429 shares in the company, valued at approximately $1,566,364,289.16. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Comstock Resources Company 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.