Two Sigma Advisers LP trimmed its stake in Cimarex Energy Co (NYSE:XEC) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 693,196 shares of the oil and gas producer’s stock after selling 53,000 shares during the period. Two Sigma Advisers LP’s holdings in Cimarex Energy were worth $84,577,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. raised its position in shares of Cimarex Energy by 1,015.9% in the 4th quarter. Assetmark Inc. now owns 982 shares of the oil and gas producer’s stock worth $120,000 after acquiring an additional 894 shares in the last quarter. LMR Partners LLP acquired a new position in Cimarex Energy during the 4th quarter valued at about $200,000. Eagle Ridge Investment Management acquired a new position in Cimarex Energy during the 4th quarter valued at about $204,000. Capital Advisors Inc. OK acquired a new position in Cimarex Energy during the 4th quarter valued at about $205,000. Finally, Signition LP acquired a new position in Cimarex Energy during the 4th quarter valued at about $206,000. 92.46% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on XEC shares. Piper Jaffray Companies reaffirmed a “hold” rating and set a $138.00 target price on shares of Cimarex Energy in a research report on Tuesday, January 9th. Credit Suisse Group started coverage on Cimarex Energy in a research report on Monday, December 11th. They set an “outperform” rating and a $140.00 target price on the stock. Morgan Stanley dropped their price target on Cimarex Energy from $168.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 7th. Williams Capital set a $154.00 price target on Cimarex Energy and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, Seaport Global Securities upgraded Cimarex Energy from a “sell” rating to a “buy” rating in a research note on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the company’s stock. Cimarex Energy currently has an average rating of “Buy” and an average target price of $138.10.
Shares of Cimarex Energy Co (XEC) opened at $92.56 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.38 and a quick ratio of 1.30. The company has a market capitalization of $9,102.89, a P/E ratio of 17.83 and a beta of 1.25. Cimarex Energy Co has a fifty-two week low of $89.49 and a fifty-two week high of $130.16.
Cimarex Energy (NYSE:XEC) last posted its earnings results on Wednesday, February 14th. The oil and gas producer reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.07. The company had revenue of $550.90 million during the quarter, compared to analysts’ expectations of $537.74 million. Cimarex Energy had a return on equity of 18.73% and a net margin of 25.77%. The firm’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. research analysts forecast that Cimarex Energy Co will post 7.27 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Thursday, March 15th will be given a dividend of $0.16 per share. This is a positive change from Cimarex Energy’s previous quarterly dividend of $0.08. This represents a $0.64 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Monday, May 14th. Cimarex Energy’s dividend payout ratio (DPR) is currently 6.17%.
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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.
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