Point72 Hong Kong Ltd bought a new position in shares of Cimarex Energy Co (NYSE:XEC) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,579 shares of the oil and gas producer’s stock, valued at approximately $161,000.
Other institutional investors have also modified their holdings of the company. Dupont Capital Management Corp purchased a new stake in shares of Cimarex Energy during the first quarter valued at about $158,000. Eagle Boston Investment Management Inc. purchased a new stake in shares of Cimarex Energy during the second quarter valued at about $204,000. Delta Capital Management LLC purchased a new stake in shares of Cimarex Energy during the second quarter valued at about $207,000. Rampart Investment Management Company LLC lifted its position in shares of Cimarex Energy by 77.3% during the first quarter. Rampart Investment Management Company LLC now owns 2,073 shares of the oil and gas producer’s stock valued at $194,000 after buying an additional 904 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Cimarex Energy during the first quarter valued at about $219,000. Institutional investors own 94.95% of the company’s stock.
Several analysts have commented on XEC shares. Jefferies Financial Group raised shares of Cimarex Energy from a “hold” rating to a “buy” rating and increased their price target for the company from $98.00 to $107.00 in a research report on Monday, June 11th. Citigroup increased their price target on shares of Cimarex Energy from $119.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, June 15th. ValuEngine raised shares of Cimarex Energy from a “strong sell” rating to a “sell” rating in a research report on Monday, June 18th. Bank of America raised shares of Cimarex Energy from a “neutral” rating to a “buy” rating in a research report on Thursday, June 21st. Finally, Morgan Stanley decreased their price target on shares of Cimarex Energy from $135.00 to $124.00 and set an “overweight” rating for the company in a research report on Thursday, July 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $130.38.
In other Cimarex Energy news, Director Lisa A. Stewart purchased 320 shares of Cimarex Energy stock in a transaction on Thursday, August 30th. The stock was bought at an average cost of $84.05 per share, with a total value of $26,896.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.70% of the company’s stock.
XEC traded up $1.06 during trading on Friday, reaching $99.18. 1,726,131 shares of the company’s stock were exchanged, compared to its average volume of 1,388,376. Cimarex Energy Co has a 1 year low of $80.53 and a 1 year high of $130.16. The company has a current ratio of 1.34, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $8.86 billion, a PE ratio of 21.33 and a beta of 0.96.
Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Tuesday, August 7th. The oil and gas producer reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.05). Cimarex Energy had a return on equity of 21.47% and a net margin of 27.75%. The business had revenue of $556.27 million for the quarter, compared to analysts’ expectations of $557.26 million. As a group, analysts predict that Cimarex Energy Co will post 6.74 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 14th. This is a positive change from Cimarex Energy’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 0.73%. Cimarex Energy’s dividend payout ratio (DPR) is currently 13.76%.
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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