Cipher Capital LP lessened its holdings in shares of Cimarex Energy Co (NYSE:XEC) by 28.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,092 shares of the oil and gas producer’s stock after selling 25,180 shares during the period. Cimarex Energy comprises approximately 0.5% of Cipher Capital LP’s holdings, making the stock its 21st largest holding. Cipher Capital LP owned about 0.07% of Cimarex Energy worth $7,172,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Turner Investments LLC bought a new stake in Cimarex Energy during the 2nd quarter valued at approximately $100,000. Advisor Group Inc. boosted its position 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 valued at $113,000 after acquiring an additional 60 shares in the last quarter. Global X Management Co. LLC boosted its position 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 valued at $119,000 after acquiring an additional 162 shares in the last quarter. State of Alaska Department of Revenue boosted its position 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 valued at $134,000 after acquiring an additional 10 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in Cimarex Energy by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 1,935 shares of the oil and gas producer’s stock valued at $182,000 after acquiring an additional 148 shares in the last quarter. Institutional investors own 91.05% of the company’s stock.
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In other Cimarex Energy news, VP Joseph R. Albi sold 2,750 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $99.02, for a total transaction of $272,305.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stephen P. Bell sold 2,500 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $102.54, for a total transaction of $256,350.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,107 shares of company stock valued at $2,918,092. Company insiders own 1.70% of the company’s stock.
Shares of Cimarex Energy Co (NYSE XEC) traded up $0.08 on Friday, reaching $115.61. 867,100 shares of the company’s stock were exchanged, compared to its average volume of 1,068,103. The stock has a market cap of $11,130.00, a price-to-earnings ratio of 30.40 and a beta of 1.35. 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 1-year low of $89.49 and a 1-year high of $146.96.
Cimarex Energy (NYSE:XEC) last announced its earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.12. The business had revenue of $463.68 million during the quarter, compared to analyst estimates of $451.53 million. Cimarex Energy had a net margin of 20.45% and a return on equity of 16.11%. The company’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. research analysts expect that Cimarex Energy Co will post 4.31 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. Cimarex Energy’s dividend payout ratio is presently 8.00%.
XEC has been the topic of several research reports. Morgan Stanley lifted their price objective on Cimarex Energy from $138.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Citigroup Inc. cut their price objective on Cimarex Energy from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Stifel Nicolaus set a $168.00 price objective on Cimarex Energy and gave the company a “buy” rating in a research report on Thursday, October 5th. KeyCorp reaffirmed a “buy” rating and set a $130.00 price objective on shares of Cimarex Energy in a research report on Friday, October 20th. Finally, Piper Jaffray Companies cut their price objective on Cimarex Energy from $141.00 to $116.00 and set a “neutral” rating on the stock in a research report on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company. Cimarex Energy has a consensus rating of “Buy” and a consensus price target 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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