Cimarex Energy Co (XEC) VP Krista L. Johnson Sells 5,341 Shares

Cimarex Energy Co (NYSE:XEC) VP Krista L. Johnson sold 5,341 shares of Cimarex Energy stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $116.46, for a total value of $622,012.86. Following the transaction, the vice president now owns 42,938 shares of the company’s stock, valued at $5,000,559.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Cimarex Energy Co (NYSE:XEC) traded up $0.96 during trading on Friday, reaching $116.57. 653,497 shares of the company were exchanged, compared to its average volume of 1,066,262. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62. Cimarex Energy Co has a 12-month low of $89.49 and a 12-month high of $146.96. The stock has a market cap of $11,010.00, a PE ratio of 30.93 and a beta of 1.35.

Cimarex Energy (NYSE:XEC) last announced its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.12. Cimarex Energy had a net margin of 20.45% and a return on equity of 16.11%. The firm had revenue of $463.68 million during the quarter, compared to analysts’ expectations of $451.53 million. During the same period in the prior year, the company earned $0.53 EPS. The firm’s revenue was up 38.1% on a year-over-year basis. analysts predict that Cimarex Energy Co will post 4.31 earnings per share 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 given a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. Cimarex Energy’s dividend payout ratio (DPR) is 8.00%.

WARNING: This piece was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://sportsperspectives.com/2017/11/18/cimarex-energy-co-xec-vp-krista-l-johnson-sells-5341-shares.html.

A number of institutional investors have recently made changes to their positions in XEC. Renaissance Technologies LLC boosted its position in Cimarex Energy by 16.6% during the 1st quarter. Renaissance Technologies LLC now owns 61,698 shares of the oil and gas producer’s stock worth $7,372,000 after purchasing an additional 8,800 shares during the period. Xact Kapitalforvaltning AB lifted its holdings in Cimarex Energy by 17.0% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 8,339 shares of the oil and gas producer’s stock worth $784,000 after buying an additional 1,213 shares in the last quarter. Capstone Asset Management Co. lifted its holdings in Cimarex Energy by 7.5% in the 2nd quarter. Capstone Asset Management Co. now owns 6,464 shares of the oil and gas producer’s stock worth $608,000 after buying an additional 450 shares in the last quarter. Bank of Montreal Can lifted its holdings in Cimarex Energy by 192.6% in the 2nd quarter. Bank of Montreal Can now owns 151,333 shares of the oil and gas producer’s stock worth $14,227,000 after buying an additional 99,612 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in Cimarex Energy by 0.4% in the 2nd quarter. Fisher Asset Management LLC now owns 3,013 shares of the oil and gas producer’s stock worth $283,000 after buying an additional 13 shares in the last quarter. 91.05% of the stock is owned by hedge funds and other institutional investors.

XEC has been the subject of several research reports. Morgan Stanley lifted their price objective on Cimarex Energy from $138.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Citigroup Inc. lowered their target price on shares of Cimarex Energy from $135.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Stifel Nicolaus set a $168.00 target price on shares of Cimarex Energy and gave the stock a “buy” rating in a research note on Thursday, October 5th. KeyCorp reaffirmed a “buy” rating and issued a $130.00 target price on shares of Cimarex Energy in a research note on Friday, October 20th. Finally, Piper Jaffray Companies lowered their target price on shares of Cimarex Energy from $141.00 to $116.00 and set a “neutral” rating for the company in a research note on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $136.62.

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.

Insider Buying and Selling by Quarter for Cimarex Energy (NYSE:XEC)

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.

Latest News

Leave a Reply