Nomura Asset Management Co. Ltd. grew its holdings in Cimarex Energy Co (NYSE:XEC) by 10.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,716 shares of the oil and gas producer’s stock after acquiring an additional 1,169 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Cimarex Energy were worth $1,552,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in shares of Cimarex Energy by 1,015.9% in the 4th quarter. Assetmark Inc. now owns 982 shares of the oil and gas producer’s stock valued at $120,000 after acquiring an additional 894 shares during the last quarter. LMR Partners LLP purchased a new position in shares of Cimarex Energy in the 4th quarter valued at about $200,000. Eagle Ridge Investment Management purchased a new position in shares of Cimarex Energy in the 4th quarter valued at about $204,000. Capital Advisors Inc. OK purchased a new position in shares of Cimarex Energy in the 4th quarter valued at about $205,000. Finally, Signition LP purchased a new position in shares of Cimarex Energy in the 4th quarter valued at about $206,000. Institutional investors and hedge funds own 92.46% of the company’s stock.
Cimarex Energy Co (NYSE XEC) opened at $92.48 on Friday. The stock has a market capitalization of $8,927.28, a P/E ratio of 17.82 and a beta of 1.25. Cimarex Energy Co has a 12 month low of $89.49 and a 12 month high of $130.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.38.
Cimarex Energy (NYSE:XEC) last issued its quarterly earnings data on Wednesday, February 14th. The oil and gas producer reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.07. The business had revenue of $550.90 million during the quarter, compared to the consensus estimate of $537.74 million. Cimarex Energy had a return on equity of 18.73% and a net margin of 25.77%. The business’s revenue was up 44.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share. analysts expect that Cimarex Energy Co will post 7.27 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Thursday, March 15th will be given a dividend of $0.16 per share. The ex-dividend date is Monday, May 14th. This is an increase from Cimarex Energy’s previous quarterly dividend of $0.08. This represents a $0.64 annualized dividend and a dividend yield of 0.69%. Cimarex Energy’s payout ratio is currently 6.17%.
A number of research analysts have recently commented on XEC shares. Cowen set a $165.00 price objective on Cimarex Energy and gave the company a “buy” rating in a report on Thursday, January 18th. KLR Group downgraded Cimarex Energy from a “buy” rating to a “hold” rating and set a $138.00 price objective on the stock. in a report on Tuesday, January 23rd. KeyCorp set a $140.00 price objective on Cimarex Energy and gave the company a “buy” rating in a report on Sunday, January 21st. Robert W. Baird set a $121.00 price objective on Cimarex Energy and gave the company a “buy” rating in a report on Tuesday, February 13th. Finally, Jefferies Group set a $117.00 price objective on Cimarex Energy and gave the company a “hold” rating in a report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $136.64.
In other news, CEO Thomas E. Jorden sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $122.88, for a total transaction of $307,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Harold R. Logan, Jr. sold 1,900 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $97.82, for a total value of $185,858.00. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
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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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