Janus Henderson Group PLC increased its holdings in shares of Cimarex Energy Co (NYSE:XEC) by 9.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 909,181 shares of the oil and gas producer’s stock after acquiring an additional 74,868 shares during the quarter. Janus Henderson Group PLC owned approximately 0.95% of Cimarex Energy worth $103,347,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Advisor Group Inc. lifted its holdings in Cimarex Energy by 5.3% during the second quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock worth $113,000 after acquiring an additional 60 shares during the period. Virtu KCG Holdings LLC lifted its holdings in Cimarex Energy by 0.6% during the second quarter. Virtu KCG Holdings LLC now owns 15,740 shares of the oil and gas producer’s stock worth $1,480,000 after acquiring an additional 96 shares during the period. Arizona State Retirement System lifted its holdings in Cimarex Energy by 0.4% during the second quarter. Arizona State Retirement System now owns 23,600 shares of the oil and gas producer’s stock worth $2,219,000 after acquiring an additional 100 shares during the period. Pacer Advisors Inc. lifted its holdings in Cimarex Energy by 8.3% during the second quarter. Pacer Advisors Inc. now owns 1,935 shares of the oil and gas producer’s stock worth $182,000 after acquiring an additional 148 shares during the period. Finally, Global X Management Co. LLC lifted its holdings in Cimarex Energy by 14.7% during the second quarter. Global X Management Co. LLC now owns 1,265 shares of the oil and gas producer’s stock worth $119,000 after acquiring an additional 162 shares during the period. Institutional investors and hedge funds own 92.35% of the company’s stock.
A number of brokerages recently commented on XEC. Jefferies Group set a $98.00 price target on Cimarex Energy and gave the stock a “hold” rating in a report on Tuesday, August 29th. BidaskClub lowered Cimarex Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Imperial Capital began coverage on Cimarex Energy in a report on Tuesday, September 19th. They set an “outperform” rating and a $135.00 price target on the stock. KeyCorp reiterated a “buy” rating on shares of Cimarex Energy in a report on Wednesday, November 8th. Finally, Williams Capital lifted their price target on Cimarex Energy from $132.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $136.60.
In related news, Director Lisa A. Stewart purchased 248 shares of Cimarex Energy stock in a transaction dated Friday, December 8th. The stock was bought at an average cost of $112.06 per share, for a total transaction of $27,790.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joseph R. Albi sold 4,000 shares of Cimarex Energy stock in a transaction on Friday, September 15th. The shares were sold at an average price of $106.13, for a total value of $424,520.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,677 shares of company stock valued at $2,988,357. 1.70% of the stock is owned by company insiders.
Shares of Cimarex Energy Co (NYSE:XEC) traded down $0.29 on Thursday, hitting $113.28. The company’s stock had a trading volume of 1,174,200 shares, compared to its average volume of 1,044,806. The company has a market capitalization of $10,818.78, a price-to-earnings ratio of 29.89 and a beta of 1.34. 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 52-week low of $89.49 and a 52-week high of $144.30.
Cimarex Energy (NYSE:XEC) last announced its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ 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 return on equity of 16.11% and a net margin of 20.45%. The firm’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 earnings per share. equities analysts forecast that Cimarex Energy Co will post 4.35 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Wednesday, February 14th. Cimarex Energy’s dividend payout ratio (DPR) is presently 8.51%.
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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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