Rothschild Capital Partners LLC trimmed its holdings in shares of Cimarex Energy Co (NYSE:XEC) by 25.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,690 shares of the oil and gas producer’s stock after selling 7,915 shares during the quarter. Cimarex Energy makes up approximately 1.0% of Rothschild Capital Partners LLC’s investment portfolio, making the stock its 29th largest position. Rothschild Capital Partners LLC’s holdings in Cimarex Energy were worth $2,202,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Mount Yale Investment Advisors LLC acquired a new position in Cimarex Energy in the 2nd quarter valued at $115,000. Point72 Hong Kong Ltd acquired a new position in Cimarex Energy in the 2nd quarter valued at $161,000. Eagle Boston Investment Management Inc. acquired a new position in Cimarex Energy in the 2nd quarter valued at $204,000. Delta Capital Management LLC acquired a new position in Cimarex Energy in the 2nd quarter valued at $207,000. Finally, Cue Financial Group Inc. acquired a new position in Cimarex Energy in the 2nd quarter valued at $241,000. 98.17% of the stock is owned by institutional investors and hedge funds.
Several research firms recently commented on XEC. ValuEngine downgraded Cimarex Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 23rd. Wolfe Research raised Cimarex Energy from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 17th. Morgan Stanley set a $124.00 target price on Cimarex Energy and gave the stock a “buy” rating in a research note on Friday, October 12th. Piper Jaffray Companies initiated coverage on Cimarex Energy in a research note on Friday, September 28th. They issued a “neutral” rating for the company. Finally, SunTrust Banks downgraded Cimarex Energy from a “buy” rating to a “hold” rating and set a $94.00 target price for the company. in a research note on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. Cimarex Energy currently has an average rating of “Buy” and an average price target of $130.67.
NYSE XEC opened at $80.08 on Thursday. The firm has a market cap of $7.53 billion, a PE ratio of 17.22 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.34 and a quick ratio of 1.27. Cimarex Energy Co has a twelve month low of $77.63 and a twelve month high of $130.16.
Cimarex Energy (NYSE:XEC) last released its quarterly earnings results on Tuesday, August 7th. The oil and gas producer reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.05). The business had revenue of $556.27 million for the quarter, compared to analysts’ expectations of $557.26 million. Cimarex Energy had a return on equity of 21.47% and a net margin of 27.75%. As a group, equities analysts expect that Cimarex Energy Co will post 6.87 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 14th. This is a boost from Cimarex Energy’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.90%. Cimarex Energy’s dividend payout ratio is currently 13.76%.
In other Cimarex Energy news, Director Lisa A. Stewart purchased 320 shares of the stock in a transaction dated Thursday, August 30th. The stock was acquired at an average cost of $84.05 per share, for a total transaction of $26,896.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.70% of the company’s stock.
Cimarex Energy Company Profile
Cimarex Energy Co operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2017, it had a total proved oil and gas reserves of 3.35 trillion cubic feet equivalent (Tcfe) consisting of 1.61 trillion cubic feet of natural gas, 0.82 Tcfe of oil, and 0.92 Tcfe of natural gas liquids primarily located in the Mid-Continent and Permian Basin regions.
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