Cimarex Energy Co (NYSE:XEC) VP Joseph R. Albi sold 4,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $106.13, for a total transaction of $424,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 Wednesday, September 13th, Joseph R. Albi sold 2,000 shares of Cimarex Energy stock. The shares were sold at an average price of $106.11, for a total transaction of $212,220.00.
  • 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 (NYSE XEC) traded up 0.01% during mid-day trading on Friday, reaching $106.72. 1,258,087 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $98.88 and a 200-day moving average of $107.42. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 38.22 and a beta of 1.32. Cimarex Energy Co has a one year low of $89.49 and a one year high of $146.96.

Cimarex Energy (NYSE:XEC) last announced its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.11. Cimarex Energy had a return on equity of 13.29% and a net margin of 15.64%. The firm had revenue of $456.50 million during the quarter, compared to the consensus estimate of $441.52 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The business’s revenue was up 52.7% on a year-over-year basis. On average, equities research analysts anticipate that Cimarex Energy Co will post $4.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.30%. Cimarex Energy’s dividend payout ratio (DPR) is presently 12.03%.

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Several equities analysts have commented on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $169.00 price objective on shares of Cimarex Energy in a report on Friday, July 14th. Citigroup Inc. decreased their price objective on shares of Cimarex Energy from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Piper Jaffray Companies reiterated a “neutral” rating and issued a $161.00 price objective on shares of Cimarex Energy in a report on Wednesday, June 7th. Scotiabank set a $143.00 price objective on shares of Cimarex Energy and gave the company a “buy” rating in a report on Saturday, July 1st. Finally, Williams Capital reiterated a “buy” rating and issued a $136.00 price objective on shares of Cimarex Energy in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $136.40.

Several institutional investors and hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue grew its stake in 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 purchasing an additional 10 shares during the period. Fisher Asset Management LLC grew its stake in Cimarex Energy by 0.4% in the second quarter. Fisher Asset Management LLC now owns 3,013 shares of the oil and gas producer’s stock worth $283,000 after purchasing an additional 13 shares during the period. ING Groep NV grew its stake in Cimarex Energy by 0.3% in the second quarter. ING Groep NV now owns 4,878 shares of the oil and gas producer’s stock worth $459,000 after purchasing an additional 17 shares during the period. Cleararc Capital Inc. grew its stake in Cimarex Energy by 1.3% in the first quarter. Cleararc Capital Inc. now owns 2,347 shares of the oil and gas producer’s stock worth $280,000 after purchasing an additional 30 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in Cimarex Energy by 2.0% in the first quarter. Daiwa Securities Group Inc. now owns 2,550 shares of the oil and gas producer’s stock worth $305,000 after purchasing an additional 50 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

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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