Alyeska Investment Group L.P. acquired a new stake in shares of Cimarex Energy Co (NYSE:XEC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 184,734 shares of the oil and gas producer’s stock, valued at approximately $20,999,000. Alyeska Investment Group L.P. owned 0.19% of Cimarex Energy at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Advisor Group Inc. increased its holdings in shares of 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 worth $113,000 after buying an additional 60 shares during the last quarter. Virtu KCG Holdings LLC increased its holdings in shares of 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 worth $1,480,000 after buying an additional 96 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Cimarex Energy by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 23,600 shares of the oil and gas producer’s stock worth $2,219,000 after buying an additional 100 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Cimarex Energy by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 1,935 shares of the oil and gas producer’s stock worth $182,000 after buying an additional 148 shares during the last quarter. Finally, Global X Management Co. LLC increased its holdings in shares of Cimarex Energy by 14.7% in 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 buying an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 92.35% of the company’s stock.
A number of analysts have recently weighed in on XEC shares. KeyCorp restated a “buy” rating on shares of Cimarex Energy in a report on Wednesday, November 8th. Morgan Stanley boosted their target price on shares of Cimarex Energy from $138.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Williams Capital boosted their target price on shares of Cimarex Energy from $132.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Stifel Nicolaus set a $168.00 target price on shares of Cimarex Energy and gave the stock a “buy” rating in a report on Thursday, October 5th. Finally, Citigroup restated a “buy” rating and issued a $120.00 target price on shares of Cimarex Energy in a report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $136.50.
Cimarex Energy Co (NYSE:XEC) traded up $1.02 during mid-day trading on Monday, hitting $111.90. 827,200 shares of the company were exchanged, compared to its average volume of 1,045,653. Cimarex Energy Co has a 52-week low of $89.49 and a 52-week high of $146.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.42 and a current ratio of 1.51. The stock has a market cap of $10,659.69, a PE ratio of 29.45 and a beta of 1.34.
Cimarex Energy (NYSE:XEC) last released its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.12. The company had revenue of $463.68 million during the quarter, compared to analysts’ expectations of $451.53 million. Cimarex Energy had a net margin of 20.45% and a return on equity of 16.11%. The firm’s quarterly revenue was up 38.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 EPS. equities research analysts predict that Cimarex Energy Co will post 4.35 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.29%. Cimarex Energy’s dividend payout ratio (DPR) is 8.51%.
In other Cimarex Energy news, VP Stephen P. Bell sold 2,500 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $105.00, for a total value of $262,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Krista L. Johnson sold 5,341 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $116.46, for a total transaction of $622,012.86. Following the completion of the sale, the vice president now directly owns 42,938 shares of the company’s stock, valued at $5,000,559.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,948 shares of company stock valued at $3,212,315. 1.70% of the stock is owned by corporate insiders.
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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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