QS Investors LLC reduced its stake in shares of Cimarex Energy Co (NYSE:XEC) by 41.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,310 shares of the oil and gas producer’s stock after selling 7,893 shares during the quarter. QS Investors LLC’s holdings in Cimarex Energy were worth $1,063,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Stifel Financial Corp grew its position in shares of Cimarex Energy by 62.4% during the 2nd quarter. Stifel Financial Corp now owns 18,539 shares of the oil and gas producer’s stock worth $1,736,000 after buying an additional 7,121 shares during the period. Voya Investment Management LLC grew its position in shares of Cimarex Energy by 11.9% during the 2nd quarter. Voya Investment Management LLC now owns 60,662 shares of the oil and gas producer’s stock worth $5,703,000 after buying an additional 6,434 shares during the period. Precocity Capital LP acquired a new position in shares of Cimarex Energy during the 2nd quarter worth about $16,452,000. OxFORD Asset Management LLP grew its position in shares of Cimarex Energy by 234.0% during the 2nd quarter. OxFORD Asset Management LLP now owns 165,437 shares of the oil and gas producer’s stock worth $15,553,000 after buying an additional 115,909 shares during the period. Finally, Virtu KCG Holdings LLC grew its position in shares of Cimarex Energy by 0.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 15,740 shares of the oil and gas producer’s stock worth $1,480,000 after buying an additional 96 shares during the period. Institutional investors own 90.25% of the company’s stock.
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Shares of Cimarex Energy Co (NYSE XEC) opened at 114.56 on Friday. The company has a market cap of $10.70 billion, a PE ratio of 41.03 and a beta of 1.35. Cimarex Energy Co has a 52 week low of $89.49 and a 52 week high of $146.96. The stock’s 50 day moving average price is $107.96 and its 200-day moving average price is $106.17.
Cimarex Energy (NYSE:XEC) last announced its earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.11. The company had revenue of $456.50 million for the quarter, compared to analysts’ expectations of $441.52 million. Cimarex Energy had a return on equity of 13.29% and a net margin of 15.64%. Cimarex Energy’s quarterly revenue was up 52.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 earnings per share. Analysts expect that Cimarex Energy Co will post $4.20 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. Cimarex Energy’s dividend payout ratio (DPR) is currently 12.03%.
In related news, Director Harold R. Logan, Jr. sold 913 shares of Cimarex Energy stock in a transaction on Friday, September 15th. The stock was sold at an average price of $105.83, for a total transaction of $96,622.79. Following the sale, the director now directly owns 9,299 shares in the company, valued at $984,113.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joseph R. Albi sold 2,000 shares of Cimarex Energy stock in a transaction on Friday, September 15th. The stock was sold at an average price of $106.16, for a total value of $212,320.00. The disclosure for this sale can be found here. Insiders have sold 21,299 shares of company stock worth $2,204,271 over the last quarter. 1.70% of the stock is currently owned by corporate insiders.
Several equities analysts have recently issued reports on XEC shares. Wolfe Research lowered Cimarex Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 15th. Seaport Global Securities lowered Cimarex Energy from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $141.00 to $77.00 in a research report on Wednesday, June 21st. Stifel Nicolaus restated a “buy” rating on shares of Cimarex Energy in a research report on Wednesday, June 28th. Scotiabank set a $143.00 target price on Cimarex Energy and gave the stock a “buy” rating in a research report on Saturday, July 1st. Finally, Jefferies Group LLC restated a “hold” rating and set a $119.00 target price on shares of Cimarex Energy in a research report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company. Cimarex Energy has a consensus rating of “Buy” and a consensus price target of $134.86.
About Cimarex Energy
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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