TD Asset Management Inc. raised its position in shares of Cimarex Energy Co (NYSE:XEC) by 72.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,095 shares of the oil and gas producer’s stock after purchasing an additional 22,764 shares during the period. TD Asset Management Inc. owned 0.06% of Cimarex Energy worth $6,149,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of XEC. Principal Financial Group Inc. raised its stake in shares of Cimarex Energy by 968.7% during the 2nd quarter. Principal Financial Group Inc. now owns 1,544,775 shares of the oil and gas producer’s stock worth $145,224,000 after purchasing an additional 1,400,223 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Cimarex Energy by 7,007.8% during the 2nd quarter. Janus Henderson Group PLC now owns 834,313 shares of the oil and gas producer’s stock worth $78,434,000 after purchasing an additional 822,575 shares in the last quarter. APG Asset Management N.V. raised its stake in shares of Cimarex Energy by 274.1% during the 3rd quarter. APG Asset Management N.V. now owns 743,117 shares of the oil and gas producer’s stock worth $84,470,000 after purchasing an additional 544,465 shares in the last quarter. Caymus Capital Partners L.P. purchased a new stake in shares of Cimarex Energy during the 3rd quarter worth about $61,666,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Cimarex Energy by 41.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,623,569 shares of the oil and gas producer’s stock worth $184,549,000 after purchasing an additional 478,543 shares in the last quarter. 92.35% of the stock is owned by institutional investors.
XEC has been the subject of a number of recent research reports. KeyCorp reaffirmed a “buy” rating on shares of Cimarex Energy in a research note on Wednesday, November 8th. Morgan Stanley raised their price target on Cimarex Energy from $138.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Williams Capital raised their price target on Cimarex Energy from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Stifel Nicolaus set a $168.00 price objective on Cimarex Energy and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, Citigroup reissued a “buy” rating and issued a $120.00 price objective on shares of Cimarex Energy in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $137.14.
Cimarex Energy Co (NYSE:XEC) traded down $0.05 on Wednesday, reaching $112.75. The company’s stock had a trading volume of 750,200 shares, compared to its average volume of 1,048,316. The firm has a market cap of $10,745.43, a price-to-earnings ratio of 29.68 and a beta of 1.34. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.51 and a quick ratio of 1.42. Cimarex Energy Co has a 12-month low of $89.49 and a 12-month high of $146.96.
Cimarex Energy (NYSE:XEC) last released its earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.12. The firm had revenue of $463.68 million for the quarter, compared to analyst estimates of $451.53 million. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The company’s revenue was up 38.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. equities research analysts expect that Cimarex Energy Co will post 4.35 EPS for the current year.
In other Cimarex Energy news, VP Krista L. Johnson sold 5,341 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $116.46, for a total value of $622,012.86. Following the sale, the vice president now owns 42,938 shares of the company’s stock, valued at approximately $5,000,559.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joseph R. Albi sold 1,750 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $114.78, for a total value of $200,865.00. The disclosure for this sale can be found here. Insiders sold a total of 27,948 shares of company stock worth $3,212,315 in the last ninety days. Insiders own 1.70% of the company’s stock.
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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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