State of Alaska Department of Revenue lowered its position in Cimarex Energy Co (NYSE:XEC) by 7.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,733 shares of the oil and gas producer’s stock after selling 1,344 shares during the quarter. State of Alaska Department of Revenue’s holdings in Cimarex Energy were worth $878,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC boosted its holdings in Cimarex Energy by 234.3% in the 3rd quarter. Parallel Advisors LLC now owns 555 shares of the oil and gas producer’s stock worth $27,000 after buying an additional 389 shares during the period. Signaturefd LLC boosted its holdings in Cimarex Energy by 178.2% in the 3rd quarter. Signaturefd LLC now owns 971 shares of the oil and gas producer’s stock worth $47,000 after buying an additional 622 shares during the period. CSat Investment Advisory L.P. boosted its holdings in Cimarex Energy by 84.5% in the 2nd quarter. CSat Investment Advisory L.P. now owns 1,127 shares of the oil and gas producer’s stock worth $67,000 after buying an additional 516 shares during the period. Quadrant Capital Group LLC boosted its holdings in Cimarex Energy by 14,575.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,761 shares of the oil and gas producer’s stock worth $83,000 after buying an additional 1,749 shares during the period. Finally, Quest Capital Management Inc. ADV bought a new position in Cimarex Energy in the 3rd quarter worth $148,000. 97.80% of the stock is owned by institutional investors.
XEC opened at $51.28 on Friday. The firm has a 50-day simple moving average of $50.65 and a two-hundred day simple moving average of $47.60. Cimarex Energy Co has a 52 week low of $37.19 and a 52 week high of $77.10. The company has a market capitalization of $5.20 billion, a PE ratio of 10.17 and a beta of 1.41. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.56.
Cimarex Energy (NYSE:XEC) last released its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.91 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.02). Cimarex Energy had a net margin of 21.13% and a return on equity of 13.02%. The company had revenue of $582.31 million for the quarter, compared to the consensus estimate of $575.31 million. During the same period last year, the company earned $1.99 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Cimarex Energy Co will post 4.04 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, February 13th. Cimarex Energy’s dividend payout ratio is 10.81%.
Several research analysts recently weighed in on XEC shares. Williams Capital reaffirmed a “buy” rating and issued a $64.00 target price on shares of Cimarex Energy in a report on Tuesday, November 5th. Morgan Stanley downgraded shares of Cimarex Energy from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $59.00 to $54.00 in a report on Monday, January 13th. KeyCorp dropped their target price on shares of Cimarex Energy from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. Wells Fargo & Co upped their target price on shares of Cimarex Energy from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Thursday, January 9th. Finally, Susquehanna Bancshares reaffirmed a “negative” rating and issued a $61.00 target price (down previously from $63.00) on shares of Cimarex Energy in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $65.31.
In other news, SVP Francis Brian Barron sold 2,500 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $47.84, for a total transaction of $119,600.00. Also, VP Stephen P. Bell sold 9,067 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $47.84, for a total transaction of $433,765.28. Insiders have sold a total of 14,067 shares of company stock worth $690,865 over the last 90 days. Corporate insiders own 1.70% of the company’s stock.
Cimarex Energy Company Profile
Cimarex Energy Co operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2018, it had a total proved reserves of 591.2 million barrels of oil equivalent, consisting of 1.59 trillion cubic feet of natural gas; 146.5 million barrels (MMBbls) of oil; and 179.4 MMBbls of natural gas liquids primarily located in the Permian Basin and Mid-Continent regions.
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