BlackRock Inc. lessened its stake in Comstock Resources Inc (NYSE:CRK) by 53.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 380,976 shares of the oil and gas producer’s stock after selling 436,685 shares during the period. BlackRock Inc.’s holdings in Comstock Resources were worth $3,193,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wedge Capital Management L L P NC acquired a new position in Comstock Resources in the 3rd quarter valued at about $298,000. First Dallas Securities Inc. increased its position in Comstock Resources by 17.6% in the 3rd quarter. First Dallas Securities Inc. now owns 47,056 shares of the oil and gas producer’s stock valued at $395,000 after acquiring an additional 7,050 shares during the period. USA Financial Portformulas Corp acquired a new position in Comstock Resources in the 3rd quarter valued at about $625,000. Finally, Russell Investments Group Ltd. acquired a new position in Comstock Resources in the 3rd quarter valued at about $503,000. Hedge funds and other institutional investors own 5.92% of the company’s stock.

Separately, Zacks Investment Research cut Comstock Resources from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $9.18.

Shares of CRK opened at $5.69 on Friday. Comstock Resources Inc has a twelve month low of $4.21 and a twelve month high of $12.32. The company has a market capitalization of $620.40 million, a price-to-earnings ratio of -1.46 and a beta of 0.99. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.73 and a current ratio of 0.73.

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About Comstock Resources

Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, and development of oil and gas resources primarily in Texas and Louisiana. The company is headquartered in Frisco, Texas.

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Institutional Ownership by Quarter for Comstock Resources (NYSE:CRK)

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