Cimarex Energy Co (XEC) VP Krista L. Johnson Sells 2,229 Shares

Cimarex Energy Co (NYSE:XEC) VP Krista L. Johnson sold 2,229 shares of Cimarex Energy stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $112.50, for a total value of $250,762.50. Following the completion of the sale, the vice president now owns 62,238 shares of the company’s stock, valued at $7,001,775. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Cimarex Energy Co (XEC) traded down $0.72 during trading hours on Friday, hitting $112.33. The company had a trading volume of 821,788 shares, compared to its average volume of 1,042,462. The stock has a market capitalization of $10,770.00, a PE ratio of 29.81 and a beta of 1.34. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.42 and a current ratio of 1.51. Cimarex Energy Co has a one year low of $89.49 and a one year high of $144.30.

Cimarex Energy (NYSE:XEC) last announced its earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.12. The company had revenue of $463.68 million for the quarter, compared to analysts’ expectations of $451.53 million. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. Cimarex Energy’s quarterly revenue was up 38.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. analysts anticipate that Cimarex Energy Co will post 4.36 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. Cimarex Energy’s payout ratio is 8.00%.

XEC has been the subject of a number of research analyst reports. KeyCorp reiterated a “buy” rating on shares of Cimarex Energy in a report on Wednesday, November 8th. Morgan Stanley lifted their target price on Cimarex Energy from $138.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Williams Capital boosted their price objective on Cimarex Energy from $132.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Stifel Nicolaus set a $168.00 price objective on Cimarex Energy and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, Citigroup restated a “buy” rating and set a $120.00 price objective on shares of Cimarex Energy in a report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $136.60.

Large investors have recently made changes to their positions in the stock. Trust Co. of Vermont boosted its position in shares of Cimarex Energy by 6.9% during the third quarter. Trust Co. of Vermont now owns 26,240 shares of the oil and gas producer’s stock valued at $2,983,000 after buying an additional 1,692 shares during the last quarter. Elliott Management Corp purchased a new position in shares of Cimarex Energy during the second quarter valued at approximately $288,000. South Dakota Investment Council purchased a new position in shares of Cimarex Energy during the second quarter valued at approximately $11,439,000. Calamos Advisors LLC boosted its position in shares of Cimarex Energy by 37.0% during the second quarter. Calamos Advisors LLC now owns 25,006 shares of the oil and gas producer’s stock valued at $2,351,000 after buying an additional 6,757 shares during the last quarter. Finally, Commerce Bank boosted its position in shares of Cimarex Energy by 28.7% during the third quarter. Commerce Bank now owns 4,482 shares of the oil and gas producer’s stock valued at $510,000 after buying an additional 1,000 shares during the last quarter. 92.35% of the stock is currently owned by institutional investors.

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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)

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