Nordea Investment Management AB lifted its stake in shares of Cimarex Energy Co (NYSE:XEC) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 125,637 shares of the oil and gas producer’s stock after purchasing an additional 2,543 shares during the quarter. Nordea Investment Management AB owned about 0.13% of Cimarex Energy worth $14,281,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. TD Asset Management Inc. increased its position in Cimarex Energy by 72.7% in the 3rd quarter. TD Asset Management Inc. now owns 54,095 shares of the oil and gas producer’s stock valued at $6,149,000 after acquiring an additional 22,764 shares during the period. South Dakota Investment Council increased its position in Cimarex Energy by 14.9% in the 3rd quarter. South Dakota Investment Council now owns 139,860 shares of the oil and gas producer’s stock valued at $15,898,000 after acquiring an additional 18,180 shares during the period. Van ECK Associates Corp increased its position in Cimarex Energy by 2.6% in the 3rd quarter. Van ECK Associates Corp now owns 1,280,335 shares of the oil and gas producer’s stock valued at $145,536,000 after acquiring an additional 32,188 shares during the period. Norinchukin Bank The increased its position in Cimarex Energy by 7.5% in the 3rd quarter. Norinchukin Bank The now owns 7,093 shares of the oil and gas producer’s stock valued at $806,000 after acquiring an additional 492 shares during the period. Finally, ING Groep NV increased its position in Cimarex Energy by 68.8% in the 3rd quarter. ING Groep NV now owns 8,234 shares of the oil and gas producer’s stock valued at $936,000 after acquiring an additional 3,356 shares during the period. Institutional investors and hedge funds own 92.35% of the company’s stock.
A number of brokerages have issued reports on XEC. BidaskClub lowered Cimarex Energy from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. KeyCorp reaffirmed a “buy” rating and issued a $130.00 target price on shares of Cimarex Energy in a research report on Friday, October 20th. Piper Jaffray Companies decreased their target price on Cimarex Energy from $141.00 to $116.00 and set a “neutral” rating for the company in a research report on Monday, September 18th. Jefferies Group set a $98.00 target price on Cimarex Energy and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Finally, Imperial Capital increased their price objective on Cimarex Energy from $135.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the stock. Cimarex Energy has a consensus rating of “Buy” and an average target price of $136.60.
In related news, CEO Thomas E. Jorden sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $125.10, for a total value of $312,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Stephen P. Bell sold 3,696 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $125.11, for a total transaction of $462,406.56. The disclosure for this sale can be found here. Insiders sold 22,764 shares of company stock valued at $2,706,414 in the last quarter. 1.70% of the stock is currently owned by corporate insiders.
Shares of Cimarex Energy Co (NYSE:XEC) opened at $113.05 on Friday. Cimarex Energy Co has a 1 year low of $89.49 and a 1 year high of $144.30. The firm has a market capitalization of $10,818.78, a PE 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 (NYSE:XEC) last released its earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.12. The business 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 period last year, the business earned $0.53 earnings per share. analysts anticipate that Cimarex Energy Co will post 4.35 EPS for the current 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 issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Wednesday, February 14th. Cimarex Energy’s payout ratio is 8.51%.
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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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