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.
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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.
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