First Trust Advisors LP decreased its stake in shares of Cimarex Energy Co (NYSE:XEC) by 2.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 69,442 shares of the oil and gas producer’s stock after selling 1,546 shares during the period. First Trust Advisors LP owned 0.07% of Cimarex Energy worth $7,893,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Turner Investments LLC purchased a new stake in Cimarex Energy during the 2nd quarter worth about $100,000. Advisor Group Inc. lifted its holdings in Cimarex Energy by 5.3% during the 2nd quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock worth $113,000 after purchasing an additional 60 shares in the last quarter. Global X Management Co. LLC lifted its holdings in Cimarex Energy by 14.7% during the 2nd quarter. Global X Management Co. LLC now owns 1,265 shares of the oil and gas producer’s stock worth $119,000 after purchasing an additional 162 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Cimarex Energy by 0.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,427 shares of the oil and gas producer’s stock worth $134,000 after purchasing an additional 10 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Cimarex Energy during the 3rd quarter worth about $206,000. 91.05% of the stock is currently owned by institutional investors and hedge funds.
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In other news, CEO Thomas E. Jorden sold 2,500 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $125.10, for a total transaction of $312,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Joseph R. Albi sold 2,750 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $99.02, for a total value of $272,305.00. The disclosure for this sale can be found here. In the last three months, insiders sold 26,107 shares of company stock worth $2,918,092. 1.70% of the stock is owned by insiders.
Shares of Cimarex Energy Co (NYSE XEC) opened at $125.05 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.51 and a quick ratio of 1.42. The company has a market capitalization of $11,912.38, a PE ratio of 32.91 and a beta of 1.35. Cimarex Energy Co has a 52-week low of $89.49 and a 52-week high of $146.96.
Cimarex Energy (NYSE:XEC) last posted its earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.12. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The company had revenue of $463.68 million for the quarter, compared to the consensus estimate of $451.53 million. During the same period in the previous year, the business earned $0.53 earnings per share. The firm’s revenue for the quarter was up 38.1% on a year-over-year basis. analysts anticipate that Cimarex Energy Co will post 4.31 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.32 annualized dividend and a yield of 0.26%. Cimarex Energy’s dividend payout ratio (DPR) is currently 8.51%.
Several analysts have weighed in on XEC shares. Citigroup Inc. lowered their price target on Cimarex Energy from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Capital One Financial Corporation reaffirmed an “overweight” rating on shares of Cimarex Energy in a report on Wednesday, November 8th. Imperial Capital started coverage on Cimarex Energy in a report on Tuesday, September 19th. They issued an “outperform” rating and a $135.00 price target on the stock. Barclays PLC increased their price objective on Cimarex Energy from $117.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Finally, KeyCorp reiterated a “buy” rating and set a $130.00 price objective on shares of Cimarex Energy in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $135.81.
About Cimarex Energy
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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