Cimarex Energy Co (NYSE:XEC) COO Joseph R. Albi sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $106.11, for a total transaction of $212,220.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Joseph R. Albi also recently made the following trade(s):

  • On Friday, September 15th, Joseph R. Albi sold 2,000 shares of Cimarex Energy stock. The shares were sold at an average price of $106.16, for a total transaction of $212,320.00.
  • On Friday, September 15th, Joseph R. Albi sold 4,000 shares of Cimarex Energy stock. The shares were sold at an average price of $106.13, for a total transaction of $424,520.00.
  • On Tuesday, August 22nd, Joseph R. Albi sold 2,750 shares of Cimarex Energy stock. The shares were sold at an average price of $99.02, for a total transaction of $272,305.00.

Cimarex Energy Co (XEC) traded up 0.01% during mid-day trading on Friday, reaching $106.72. 1,258,087 shares of the company traded hands. The stock has a market capitalization of $9.97 billion, a price-to-earnings ratio of 38.22 and a beta of 1.32. Cimarex Energy Co has a 12-month low of $89.49 and a 12-month high of $146.96. The company’s 50-day moving average is $98.88 and its 200-day moving average is $107.42.

Cimarex Energy (NYSE:XEC) last issued its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.11. The company had revenue of $456.50 million for the quarter, compared to analysts’ expectations of $441.52 million. Cimarex Energy had a return on equity of 13.29% and a net margin of 15.64%. The firm’s revenue for the quarter was up 52.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 earnings per share. Equities analysts predict that Cimarex Energy Co will post $4.17 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.32 annualized dividend and a yield of 0.30%. Cimarex Energy’s payout ratio is 12.03%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in XEC. Turner Investments LLC purchased a new stake in shares of Cimarex Energy in the second quarter worth $100,000. Advisor Group Inc. grew its stake in shares of Cimarex Energy by 5.3% in the second quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock worth $113,000 after acquiring an additional 60 shares during the last quarter. Global X Management Co. LLC grew its stake in shares of Cimarex Energy by 14.7% in the second quarter. Global X Management Co. LLC now owns 1,265 shares of the oil and gas producer’s stock worth $119,000 after acquiring an additional 162 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Cimarex Energy by 0.7% in the second quarter. State of Alaska Department of Revenue now owns 1,427 shares of the oil and gas producer’s stock worth $134,000 after acquiring an additional 10 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Cimarex Energy by 8.3% in the second quarter. Pacer Advisors Inc. now owns 1,935 shares of the oil and gas producer’s stock worth $182,000 after acquiring an additional 148 shares during the last quarter. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

XEC has been the subject of a number of recent analyst reports. Barclays PLC increased their target price on shares of Cimarex Energy from $112.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. BidaskClub raised shares of Cimarex Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th. Jefferies Group LLC reissued a “hold” rating and set a $119.00 target price on shares of Cimarex Energy in a research report on Thursday, July 6th. FBR & Co set a $141.00 target price on shares of Cimarex Energy and gave the company a “buy” rating in a research report on Thursday, May 18th. Finally, Cowen and Company set a $135.00 target price on shares of Cimarex Energy and gave the company a “buy” rating in a research report on Friday, August 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $136.40.

About Cimarex Energy

Cimarex Energy Co is an independent oil and gas exploration and production company. The Company operates in exploration and production (E&P) segment. Its operations are located in Oklahoma, Texas and New Mexico. Its E&P activities take place primarily in two areas: the Permian Basin and the Mid-Continent region.

Insider Buying and Selling by Quarter for Cimarex Energy (NYSE:XEC)

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