Icon Advisers Inc. Co. increased its stake in shares of Cimarex Energy Co (NYSE:XEC) by 14.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,000 shares of the oil and gas producer’s stock after purchasing an additional 25,800 shares during the quarter. Cimarex Energy comprises about 1.6% of Icon Advisers Inc. Co.’s portfolio, making the stock its 4th biggest position. Icon Advisers Inc. Co. owned 0.21% of Cimarex Energy worth $22,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its stake in Cimarex Energy by 0.7% in 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 buying an additional 10 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Cimarex Energy by 0.4% during the 2nd quarter. Fisher Asset Management LLC now owns 3,013 shares of the oil and gas producer’s stock worth $283,000 after buying an additional 13 shares during the period. ING Groep NV boosted its holdings in Cimarex Energy by 0.3% in the 2nd quarter. ING Groep NV now owns 4,878 shares of the oil and gas producer’s stock valued at $459,000 after purchasing an additional 17 shares during the period. Advisor Group Inc. boosted its holdings in Cimarex Energy by 5.3% in the 2nd quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock valued at $113,000 after purchasing an additional 60 shares during the period. Finally, Virtu KCG Holdings LLC boosted its holdings in Cimarex Energy by 0.6% in the 2nd quarter. Virtu KCG Holdings LLC now owns 15,740 shares of the oil and gas producer’s stock valued at $1,480,000 after purchasing an additional 96 shares during the period. 92.35% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP Joseph R. Albi sold 1,750 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $114.78, for a total value of $200,865.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Krista L. Johnson sold 5,341 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $5,000,559.48. The disclosure for this sale can be found here. Insiders sold 27,948 shares of company stock valued at $3,212,315 over the last 90 days. Company insiders own 1.70% of the company’s stock.
Cimarex Energy Co (NYSE XEC) traded up $0.78 during trading hours on Thursday, reaching $110.88. The company had a trading volume of 608,745 shares, compared to its average volume of 1,046,578. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.62. Cimarex Energy Co has a one year low of $89.49 and a one year high of $146.96. The stock has a market cap of $10,740.67, a price-to-earnings ratio of 29.67 and a beta of 1.34.
Cimarex Energy (NYSE:XEC) last issued its quarterly earnings data 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 company had revenue of $463.68 million for the quarter, compared to the consensus estimate of $451.53 million. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The firm’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share. analysts anticipate that Cimarex Energy Co will post 4.35 earnings per share for the current fiscal year.
A number of research firms recently issued reports on XEC. Jefferies Group set a $115.00 price objective on shares of Cimarex Energy and gave the stock a “hold” rating in a research report on Thursday, November 16th. Capital One Financial reaffirmed an “overweight” rating on shares of Cimarex Energy in a research note on Wednesday, November 8th. Scotiabank set a $143.00 target price on shares of Cimarex Energy and gave the stock a “buy” rating in a research note on Saturday, November 25th. Imperial Capital assumed coverage on shares of Cimarex Energy in a report on Tuesday, September 19th. They set an “outperform” rating and a $135.00 price objective on the stock. Finally, Barclays increased their target price on shares of Cimarex Energy from $117.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $137.14.
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Cimarex Energy 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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