Tealwood Asset Management Inc. bought a new stake in shares of Cimarex Energy Co (NYSE:XEC) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 10,058 shares of the oil and gas producer’s stock, valued at approximately $946,000.
Other institutional investors have also recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Cimarex Energy by 8.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 882 shares of the oil and gas producer’s stock valued at $122,000 after buying an additional 69 shares during the period. Global X Management Co. LLC raised its position in Cimarex Energy by 14.1% in the first quarter. Global X Management Co. LLC now owns 1,103 shares of the oil and gas producer’s stock valued at $132,000 after buying an additional 136 shares during the period. State of Alaska Department of Revenue raised its position in Cimarex Energy by 0.7% in the second quarter. State of Alaska Department of Revenue now owns 1,427 shares of the oil and gas producer’s stock valued at $134,000 after buying an additional 10 shares during the period. Winch Advisory Services LLC bought a new position in Cimarex Energy during the first quarter valued at $186,000. Finally, Eagle Ridge Investment Management raised its position in Cimarex Energy by 3.0% in the first quarter. Eagle Ridge Investment Management now owns 1,720 shares of the oil and gas producer’s stock valued at $206,000 after buying an additional 50 shares during the period. 92.70% of the stock is owned by hedge funds and other institutional investors.
Shares of Cimarex Energy Co (XEC) traded up 1.05% during midday trading on Wednesday, hitting $94.88. The stock had a trading volume of 215,921 shares. The company’s market cap is $8.86 billion. The stock has a 50 day moving average of $96.50 and a 200-day moving average of $117.72. Cimarex Energy Co has a one year low of $89.49 and a one year high of $146.96.
Cimarex Energy (NYSE:XEC) last issued its earnings results on Wednesday, May 10th. The oil and gas producer reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.20. Cimarex Energy had a negative net margin of 7.78% and a positive return on equity of 9.03%. The firm had revenue of $447.20 million for the quarter, compared to analyst estimates of $423.62 million. During the same quarter last year, the business posted ($0.40) earnings per share. The company’s quarterly revenue was up 85.9% on a year-over-year basis. Analysts forecast that Cimarex Energy Co will post $4.39 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Friday, August 11th. Cimarex Energy’s dividend payout ratio (DPR) is currently -25.20%.
WARNING: This piece of content was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://sportsperspectives.com/2017/07/19/10058-shares-in-cimarex-energy-co-xec-acquired-by-tealwood-asset-management-inc.html.
A number of equities research analysts have weighed in on the company. UBS AG initiated coverage on shares of Cimarex Energy in a research note on Thursday, March 23rd. They issued a “neutral” rating and a $131.00 target price for the company. They noted that the move was a valuation call. Williams Capital raised shares of Cimarex Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from $148.00 to $160.00 in a research note on Monday, May 15th. They noted that the move was a valuation call. Scotiabank set a $143.00 target price on shares of Cimarex Energy and gave the stock a “buy” rating in a research note on Saturday, July 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $169.00 target price on shares of Cimarex Energy in a research note on Friday, July 14th. Finally, Jefferies Group LLC set a $119.00 target price on shares of Cimarex Energy and gave the stock a “hold” rating in a research note on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $138.90.
In related news, CEO Thomas E. Jorden sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $116.40, for a total transaction of $291,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Stephen P. Bell sold 5,000 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $117.24, for a total transaction of $586,200.00. The disclosure for this sale can be found here. Insiders have sold 8,538 shares of company stock valued at $1,001,760 over the last quarter. Corporate insiders own 1.70% of the company’s stock.
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.
Receive News & Ratings for Cimarex Energy Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cimarex Energy Co and related companies with MarketBeat.com's FREE daily email newsletter.