Boston Partners grew its holdings in shares of Cimarex Energy Co (NYSE:XEC) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,416,266 shares of the oil and gas producer’s stock after buying an additional 16,183 shares during the period. Boston Partners owned 1.52% of Cimarex Energy worth $160,987,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of XEC. Turner Investments LLC purchased a new position in shares of Cimarex Energy during the second quarter valued at approximately $100,000. Advisor Group Inc. increased its stake in shares of Cimarex Energy by 5.3% during the second quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock valued at $113,000 after buying an additional 60 shares during the period. Global X Management Co. LLC increased its stake in shares of Cimarex Energy by 14.7% during the second quarter. Global X Management Co. LLC now owns 1,265 shares of the oil and gas producer’s stock valued at $119,000 after buying an additional 162 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Cimarex Energy by 0.7% during 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. Finally, Pacer Advisors Inc. increased its stake in shares of Cimarex Energy by 8.3% during the second quarter. Pacer Advisors Inc. now owns 1,935 shares of the oil and gas producer’s stock valued at $182,000 after buying an additional 148 shares during the period. 90.85% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Joseph R. Albi sold 4,000 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $106.13, for a total transaction of $424,520.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stephen P. Bell sold 3,696 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $125.11, for a total value of $462,406.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,107 shares of company stock valued at $2,918,092. 1.70% of the stock is owned by company insiders.
Several research firms recently weighed in on XEC. Barclays PLC lifted their price target on Cimarex Energy from $112.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. BidaskClub lowered Cimarex Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. SunTrust Banks, Inc. lifted their price target on Cimarex Energy to $127.00 and gave the company a “hold” rating in a research report on Thursday. Imperial Capital lifted their price target on Cimarex Energy from $135.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Stifel Nicolaus set a $169.00 price target on Cimarex Energy and gave the company a “buy” rating in a research report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the stock. Cimarex Energy has an average rating of “Buy” and a consensus price target of $135.81.
Cimarex Energy Co (NYSE XEC) opened at $125.76 on Friday. Cimarex Energy Co has a one year low of $89.49 and a one year high of $146.96. The company has a quick ratio of 1.68, a current ratio of 1.51 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $11,980.00, a price-to-earnings ratio of 32.98 and a beta of 1.35.
Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.12. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The firm had revenue of $463.68 million during the quarter, compared to analysts’ expectations of $451.53 million. During the same quarter in the previous year, the business earned $0.53 earnings per share. The company’s revenue was up 38.1% on a year-over-year basis. research analysts expect that Cimarex Energy Co will post 4.29 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date is Tuesday, November 14th. Cimarex Energy’s dividend payout ratio (DPR) is presently 8.00%.
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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