Cimarex Energy Co (NYSE:XEC) VP Stephen P. Bell sold 2,500 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $105.00, for a total value of $262,500.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Stephen P. Bell also recently made the following trade(s):
- On Tuesday, September 5th, Stephen P. Bell sold 2,500 shares of Cimarex Energy stock. The stock was sold at an average price of $102.54, for a total value of $256,350.00.
Cimarex Energy Co (NYSE XEC) traded up 1.35% during mid-day trading on Friday, hitting $110.85. The company had a trading volume of 831,986 shares. Cimarex Energy Co has a 52 week low of $89.49 and a 52 week high of $146.96. The firm’s 50 day moving average is $99.58 and its 200 day moving average is $106.74. The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of 39.70 and a beta of 1.32.
Cimarex Energy (NYSE:XEC) last announced its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.11. Cimarex Energy had a return on equity of 13.29% and a net margin of 15.64%. The business had revenue of $456.50 million for the quarter, compared to the consensus estimate of $441.52 million. During the same period in the previous year, the business earned $0.07 earnings per share. The business’s revenue was up 52.7% on a year-over-year basis. On average, equities research analysts predict that Cimarex Energy Co will post $4.17 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a $0.08 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.29%. Cimarex Energy’s payout ratio is 12.03%.
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Institutional investors have recently made changes to their positions in the company. Turner Investments LLC purchased a new position in shares of Cimarex Energy in the second quarter valued at about $100,000. Advisor Group Inc. lifted its position in shares of Cimarex Energy by 5.3% in the second quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock valued at $113,000 after acquiring an additional 60 shares in the last quarter. Global X Management Co. LLC lifted its position in shares of Cimarex Energy by 14.7% in the second quarter. Global X Management Co. LLC now owns 1,265 shares of the oil and gas producer’s stock valued at $119,000 after acquiring an additional 162 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Cimarex Energy by 0.7% in the second quarter. State of Alaska Department of Revenue now owns 1,427 shares of the oil and gas producer’s stock valued at $134,000 after acquiring an additional 10 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of Cimarex Energy by 8.3% in the second quarter. Pacer Advisors Inc. now owns 1,935 shares of the oil and gas producer’s stock worth $182,000 after purchasing an additional 148 shares during the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.
Several research firms have weighed in on XEC. Jefferies Group LLC reissued a “hold” rating and issued a $119.00 price objective on shares of Cimarex Energy in a research report on Thursday, July 6th. Stifel Nicolaus reissued a “buy” rating on shares of Cimarex Energy in a research report on Wednesday, June 28th. Citigroup Inc. cut their price objective on Cimarex Energy from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, July 13th. Wolfe Research cut Cimarex Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 15th. Finally, Credit Suisse Group began coverage on Cimarex Energy in a research report on Thursday, June 1st. They issued an “outperform” rating and a $138.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $134.19.
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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