Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is listed for trading on the New York Stock Exchange under the symbol "CRK". As of February 16, 2022, we had 232,922,620 shares of common stock outstanding, which were held by 100 holders of record. We have not paid a dividend on our common stock since 2014. Any future determination as to the payment of dividends will depend upon the results of our operations, capital requirements, our financial condition and such other factors as our board of directors may deem relevant.
Stockholder Return Performance
A peer group of companies is used by our compensation committee to determine total stockholder return performance which is used as a metric in our Annual Incentive Plan and to determine whether performance share units are earned as awarded under our 2019 Long-term Incentive Plan. In 2021, the compensation committee utilized a peer group that consisted of Antero Resources Corporation, Chesapeake Energy Corporation, Coterra Energy Inc., CNX Resources Corporation, EQT Corporation, Vine Energy Inc., SPDR S&P Oil and Gas Exploration & Production ETF, Range Resources, Inc., SilverBow Resources, Inc. and Southwestern Energy Company. The following graph compares the yearly percentage change in the cumulative total stockholder return on our common stock during the five years ended December 31, 2021 with the cumulative return on the New York Stock Exchange Index and the cumulative return for our 2021 peer group. The graph assumes that $100.00 was invested on the last trading day of 2015, and that dividends, if any, were reinvested.
COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN (1)
Among Comstock, the NYSE Composite Index, and Our Peer Group
As of December 31,
Total Return Analysis 2016 2017 2018 2019 2020 2021
Comstock $100.00 $85.89 $45.99 $83.55 $44.37 $82.13
NYSE Composite $100.00 $118.73 $108.10 $135.68 $145.16 $175.18
2021 Peer Group $100.00 $70.42 $42.30 $26.86 $28.22 $53.51
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(1) The data contained in the above graph is deemed to be furnished and not filed pursuant to Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.
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