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Cimarex Energy (NYSE:XEC) COO Joseph R. Albi unloaded 3,000 shares of the stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $135.00, for a total value of $405,000.00. Following the completion of the transaction, the chief operating officer now directly owns 84,770 shares in the company, valued at approximately $11,443,950. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

A number of research firms have recently commented on XEC. 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 equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $129.00.

Cimarex Energy (NYSE:XEC) traded up 0.94% on Monday, hitting $135.12. 147,229 shares of the company’s stock traded hands. Cimarex Energy has a 52-week low of $62.98 and a 52-week high of $139.90. The stock has a 50-day moving average of $125.5 and a 200-day moving average of $110.9. The company has a market cap of $11.760 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. On average, analysts predict that Cimarex Energy will post $6.65 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.48%. The ex-dividend date 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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