First Bank & Trust grew its holdings in shares of Cimarex Energy Co (NYSE:XEC) by 89.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 853 shares of the oil and gas producer’s stock after buying an additional 402 shares during the quarter. First Bank & Trust’s holdings in Cimarex Energy were worth $60,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Cimarex Energy by 3.7% during the fourth quarter. BlackRock Inc. now owns 6,484,622 shares of the oil and gas producer’s stock valued at $399,778,000 after buying an additional 234,246 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of Cimarex Energy by 7.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 6,068,484 shares of the oil and gas producer’s stock valued at $374,122,000 after buying an additional 445,153 shares during the last quarter. Boston Partners grew its holdings in shares of Cimarex Energy by 2.5% during the fourth quarter. Boston Partners now owns 5,820,642 shares of the oil and gas producer’s stock valued at $358,843,000 after buying an additional 141,689 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Cimarex Energy by 26.3% during the fourth quarter. Victory Capital Management Inc. now owns 2,998,167 shares of the oil and gas producer’s stock valued at $184,836,000 after buying an additional 624,486 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Cimarex Energy by 13.9% during the fourth quarter. Geode Capital Management LLC now owns 1,278,191 shares of the oil and gas producer’s stock valued at $78,667,000 after buying an additional 156,318 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.
Cimarex Energy stock opened at $69.57 on Wednesday. Cimarex Energy Co has a fifty-two week low of $55.62 and a fifty-two week high of $103.91. The stock has a market cap of $7.10 billion, a P/E ratio of 9.40 and a beta of 1.34. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.93 and a current ratio of 2.01.
Cimarex Energy (NYSE:XEC) last released its earnings results on Wednesday, February 20th. The oil and gas producer reported $1.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.23. The firm had revenue of $624.10 million for the quarter, compared to analysts’ expectations of $620.20 million. Cimarex Energy had a net margin of 33.85% and a return on equity of 23.51%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.47 earnings per share. As a group, research analysts anticipate that Cimarex Energy Co will post 5.74 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.15%. This is a boost from Cimarex Energy’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Tuesday, May 14th. Cimarex Energy’s payout ratio is presently 9.73%.
A number of research analysts have recently issued reports on the stock. Mizuho assumed coverage on shares of Cimarex Energy in a report on Tuesday, January 29th. They set a “neutral” rating and a $80.00 price objective for the company. Morgan Stanley set a $109.00 price target on shares of Cimarex Energy and gave the stock a “buy” rating in a report on Tuesday, January 29th. Ifs Securities restated a “market perform” rating on shares of Cimarex Energy in a report on Sunday, February 3rd. Imperial Capital restated an “outperform” rating and set a $83.00 price target (up from $79.00) on shares of Cimarex Energy in a report on Friday, February 22nd. Finally, Barclays assumed coverage on shares of Cimarex Energy in a report on Wednesday, January 16th. They set an “equal weight” rating and a $81.00 price target on the stock. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $108.16.
In other Cimarex Energy news, Director Harold R. Logan, Jr. sold 990 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $70.00, for a total value of $69,300.00. Following the transaction, the director now directly owns 7,259 shares in the company, valued at $508,130. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is owned by insiders.
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Cimarex Energy 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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