10,058 Shares in Cimarex Energy Co (XEC) Acquired by Tealwood Asset Management Inc.

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%.

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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.

Institutional Ownership by Quarter for Cimarex Energy (NYSE:XEC)

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