Cimarex Energy Co (NYSE:XEC) VP Krista L. Johnson sold 5,341 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $116.46, for a total transaction of $622,012.86. Following the sale, the vice president now owns 42,938 shares in the company, valued at $5,000,559.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Cimarex Energy Co (NYSE XEC) traded down $0.05 during midday trading on Tuesday, hitting $112.75. The company had a trading volume of 750,202 shares, compared to its average volume of 1,048,316. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62. Cimarex Energy Co has a 52-week low of $89.49 and a 52-week high of $146.96. The firm has a market capitalization of $10,740.00, a P/E ratio of 30.76 and a beta of 1.34.
Cimarex Energy (NYSE:XEC) last issued its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.12. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The firm had revenue of $463.68 million during the quarter, compared to the consensus estimate of $451.53 million. During the same period last year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was up 38.1% on a year-over-year basis. research analysts expect that Cimarex Energy Co will post 4.35 EPS for the current year.
XEC has been the topic of a number of recent research reports. Morgan Stanley boosted their price target on shares of Cimarex Energy from $138.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Stifel Nicolaus set a $168.00 price target on shares of Cimarex Energy and gave the stock a “buy” rating in a research note on Thursday, October 5th. KeyCorp restated a “buy” rating and set a $130.00 target price on shares of Cimarex Energy in a research note on Friday, October 20th. Piper Jaffray Companies cut their target price on shares of Cimarex Energy from $141.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, September 18th. Finally, BidaskClub raised Cimarex Energy from a “strong sell” rating to a “sell” rating in a report on Thursday, August 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the stock. Cimarex Energy has a consensus rating of “Buy” and an average price target of $137.14.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Cimarex Energy by 0.7% in the second quarter. Vanguard Group Inc. now owns 9,899,309 shares of the oil and gas producer’s stock worth $930,634,000 after acquiring an additional 64,420 shares in the last quarter. BlackRock Inc. raised its position in Cimarex Energy by 5.2% in the second quarter. BlackRock Inc. now owns 7,512,811 shares of the oil and gas producer’s stock worth $706,278,000 after acquiring an additional 371,390 shares in the last quarter. State Street Corp raised its position in Cimarex Energy by 3.0% in the second quarter. State Street Corp now owns 5,458,745 shares of the oil and gas producer’s stock worth $513,162,000 after acquiring an additional 157,612 shares in the last quarter. FMR LLC raised its position in Cimarex Energy by 1.4% in the second quarter. FMR LLC now owns 4,224,735 shares of the oil and gas producer’s stock worth $397,166,000 after acquiring an additional 59,537 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its position in Cimarex Energy by 8.2% in the second quarter. Diamond Hill Capital Management Inc. now owns 4,063,310 shares of the oil and gas producer’s stock worth $381,992,000 after acquiring an additional 307,581 shares in the last quarter. 92.35% of the stock is owned by hedge funds and other institutional investors.
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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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