MainStreet Investment Advisors LLC purchased a new stake in shares of Cimarex Energy Co (NYSE:XEC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,325 shares of the oil and gas producer’s stock, valued at approximately $650,000.
Several other hedge funds have also modified their holdings of XEC. Nationwide Fund Advisors grew its holdings in shares of Cimarex Energy by 71.8% during the third quarter. Nationwide Fund Advisors now owns 125,420 shares of the oil and gas producer’s stock valued at $14,256,000 after buying an additional 52,405 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in shares of Cimarex Energy by 26.2% during the third quarter. State of Tennessee Treasury Department now owns 32,831 shares of the oil and gas producer’s stock valued at $3,732,000 after buying an additional 6,818 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Cimarex Energy by 6.9% during the third quarter. Prudential Financial Inc. now owns 143,049 shares of the oil and gas producer’s stock valued at $16,260,000 after buying an additional 9,260 shares in the last quarter. Alps Advisors Inc. purchased a new position in shares of Cimarex Energy during the third quarter valued at $528,000. Finally, Sei Investments Co. grew its holdings in shares of Cimarex Energy by 10.9% during the third quarter. Sei Investments Co. now owns 117,549 shares of the oil and gas producer’s stock valued at $13,362,000 after buying an additional 11,554 shares in the last quarter. Institutional investors and hedge funds own 92.46% of the company’s stock.
In other news, CEO Thomas E. Jorden sold 2,500 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $122.88, for a total transaction of $307,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harold R. Logan, Jr. sold 1,900 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $97.82, for a total value of $185,858.00. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
Shares of Cimarex Energy Co (XEC) opened at $92.48 on Friday. The stock has a market capitalization of $8,793.67, a PE ratio of 17.82 and a beta of 1.25. Cimarex Energy Co has a 52 week low of $89.49 and a 52 week high of $130.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.38.
Cimarex Energy (NYSE:XEC) last released its quarterly earnings results on Wednesday, February 14th. The oil and gas producer reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.07. The company had revenue of $550.90 million during the quarter, compared to the consensus estimate of $537.74 million. Cimarex Energy had a return on equity of 18.73% and a net margin of 25.77%. The firm’s revenue was up 44.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 EPS. research analysts expect that Cimarex Energy Co will post 7.25 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Monday, May 14th. This is an increase from Cimarex Energy’s previous quarterly dividend of $0.08. Cimarex Energy’s dividend payout ratio is 6.17%.
XEC has been the topic of a number of recent research reports. Cowen set a $165.00 target price on Cimarex Energy and gave the company a “buy” rating in a research note on Thursday, January 18th. KLR Group downgraded Cimarex Energy from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a research note on Tuesday, January 23rd. KeyCorp set a $140.00 target price on Cimarex Energy and gave the company a “buy” rating in a research note on Sunday, January 21st. Robert W. Baird set a $121.00 target price on Cimarex Energy and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, Jefferies Group set a $117.00 target price on Cimarex Energy and gave the company a “hold” rating in a research note on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nineteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $136.64.
Cimarex Energy Company Profile
Cimarex Energy Co is an independent oil and gas exploration and production company. The Company operates in exploration and production (E&P) segment. Its operations are located in Oklahoma, Texas and New Mexico. Its E&P activities take place primarily in two areas: the Permian Basin and the Mid-Continent region.
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