Cimarex Energy Director Michael J/Co Sullivan Sells 1,500 Shares (XEC)
Cimarex Energy (NYSE:XEC) Director Michael J/Co Sullivan unloaded 1,500 shares of the stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $133.83, for a total value of $200,745.00. Following the completion of the transaction, the director now directly owns 5,611 shares in the company, valued at approximately $750,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on XEC shares. Analysts at Tudor Pickering upgraded shares of Cimarex Energy from an “accumulate” rating to a “buy” rating in a research note on Friday, May 30th. Separately, analysts at Cowen and Company raised their price target on shares of Cimarex Energy from $125.00 to $160.00 in a research note on Thursday, May 22nd. Finally, analysts at Brean Capital initiated coverage on shares of Cimarex Energy in a research note on Tuesday, May 13th. They set a “hold” rating on the stock. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $129.00.
Shares of Cimarex Energy (NYSE:XEC) traded up 0.24% on Monday, hitting $134.18. The stock had a trading volume of 578,215 shares. Cimarex Energy has a one year low of $62.98 and a one year high of $139.90. The stock’s 50-day moving average is $125.5 and its 200-day moving average is $110.9. The company has a market cap of $11.678 billion and a P/E ratio of 19.05.
Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.52 by $0.15. The company had revenue of $599.20 million for the quarter, compared to the consensus estimate of $542.04 million. During the same quarter last year, the company posted $1.06 earnings per share. Cimarex Energy’s revenue was up 40.5% compared to the same quarter last year. Analysts expect that Cimarex Energy will post $6.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Wednesday, August 13th.
Cimarex Energy Co is an oil and gas exploration and production company. Its operations are focused in two main areas: the Mid-Continent region and the Permian Basin.
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