Caymus Capital Partners L.P. acquired a new stake in shares of Cimarex Energy Co (NYSE:XEC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 542,500 shares of the oil and gas producer’s stock, valued at approximately $61,666,000. Cimarex Energy makes up about 7.8% of Caymus Capital Partners L.P.’s holdings, making the stock its 5th largest holding. Caymus Capital Partners L.P. owned about 0.57% of Cimarex Energy as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in XEC. Principal Financial Group Inc. increased its stake in Cimarex Energy by 968.7% in the 2nd quarter. Principal Financial Group Inc. now owns 1,544,775 shares of the oil and gas producer’s stock worth $145,224,000 after purchasing an additional 1,400,223 shares during the period. Janus Henderson Group PLC increased its stake in shares of Cimarex Energy by 7,007.8% during the second quarter. Janus Henderson Group PLC now owns 834,313 shares of the oil and gas producer’s stock valued at $78,434,000 after buying an additional 822,575 shares during the period. APG Asset Management N.V. increased its stake in shares of Cimarex Energy by 274.1% during the third quarter. APG Asset Management N.V. now owns 743,117 shares of the oil and gas producer’s stock valued at $84,470,000 after buying an additional 544,465 shares during the period. Renaissance Technologies LLC increased its stake in shares of Cimarex Energy by 767.6% during the second quarter. Renaissance Technologies LLC now owns 535,298 shares of the oil and gas producer’s stock valued at $50,323,000 after buying an additional 473,600 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Cimarex Energy by 5.2% during the second quarter. BlackRock Inc. now owns 7,512,811 shares of the oil and gas producer’s stock valued at $706,278,000 after buying an additional 371,390 shares during the period. 91.05% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Harold R. Logan, Jr. sold 913 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $105.83, for a total value 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 document filed with the SEC, which is available at this link. Also, VP Joseph R. Albi sold 4,000 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $106.13, for a total value of $424,520.00. The disclosure for this sale can be found here. Insiders sold a total of 26,107 shares of company stock valued at $2,918,092 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.
Cimarex Energy Co (XEC) traded down $3.80 during trading hours on Tuesday, hitting $118.07. The stock had a trading volume of 666,066 shares, compared to its average volume of 1,067,144. The company has a market cap of $11,912.38, a price-to-earnings ratio of 32.91 and a beta of 1.35. Cimarex Energy Co has a 1-year low of $89.49 and a 1-year high of $146.96. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.51 and a quick ratio of 1.42.
Cimarex Energy (NYSE:XEC) last posted its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.12. The business had revenue of $463.68 million during the quarter, compared to analyst estimates of $451.53 million. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The company’s revenue for the quarter was up 38.1% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS. analysts expect that Cimarex Energy Co will post 4.31 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Tuesday, November 14th. Cimarex Energy’s payout ratio is 8.51%.
XEC has been the topic of several research reports. KeyCorp restated a “buy” rating on shares of Cimarex Energy in a research report on Wednesday, November 8th. Morgan Stanley lifted their price target on Cimarex Energy from $138.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Williams Capital lifted their price target on Cimarex Energy from $132.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Stifel Nicolaus set a $168.00 price target on Cimarex Energy and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, Citigroup Inc. restated a “buy” rating and set a $120.00 price target on shares of Cimarex Energy in a research report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $135.81.
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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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