Stephen P. Bell Sells 2,500 Shares of Cimarex Energy Co (XEC) Stock
Cimarex Energy Co (NYSE:XEC) VP Stephen P. Bell sold 2,500 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $105.00, for a total value of $262,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Stephen P. Bell also recently made the following trade(s):
- On Tuesday, September 5th, Stephen P. Bell sold 2,500 shares of Cimarex Energy stock. The stock was sold at an average price of $102.54, for a total value of $256,350.00.
Cimarex Energy Co (NYSE XEC) traded up 0.01% during midday trading on Friday, hitting $106.72. The company had a trading volume of 1,258,087 shares. The stock’s 50-day moving average price is $98.88 and its 200-day moving average price is $107.42. Cimarex Energy Co has a 52-week low of $89.49 and a 52-week high of $146.96. The stock has a market cap of $9.97 billion, a PE ratio of 38.22 and a beta of 1.32.
Cimarex Energy (NYSE:XEC) last posted its earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $441.52 million. During the same quarter in the prior year, the company earned $0.07 EPS. Cimarex Energy’s revenue was up 52.7% on a year-over-year basis. On average, equities research analysts expect that Cimarex Energy Co will post $4.17 EPS for the current fiscal year.
The business also recently announced 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. This represents a $0.32 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Tuesday, November 14th. Cimarex Energy’s payout ratio is currently 12.03%.
ILLEGAL ACTIVITY NOTICE: “Stephen P. Bell Sells 2,500 Shares of Cimarex Energy Co (XEC) Stock” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/09/15/stephen-p-bell-sells-2500-shares-of-cimarex-energy-co-xec-stock-2.html.
A number of equities analysts have issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and set a $169.00 price target on shares of Cimarex Energy in a research report on Friday, July 14th. Citigroup Inc. lowered their price target on Cimarex Energy from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Piper Jaffray Companies reiterated a “neutral” rating and set a $161.00 price target on shares of Cimarex Energy in a research report on Wednesday, June 7th. Scotiabank set a $143.00 price target on Cimarex Energy and gave the stock a “buy” rating in a research report on Saturday, July 1st. Finally, Williams Capital reiterated a “buy” rating and set a $136.00 price target on shares of Cimarex Energy in a research report on Wednesday, August 9th. 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 company presently has a consensus rating of “Hold” and an average price target of $136.40.
Institutional investors and hedge funds have recently modified their holdings of the business. Turner Investments LLC acquired a new position in Cimarex Energy in the 2nd quarter valued at $100,000. Advisor Group Inc. raised its holdings in Cimarex Energy by 5.3% in the 2nd quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock valued at $113,000 after acquiring an additional 60 shares during the last quarter. Global X Management Co. LLC raised its holdings in Cimarex Energy by 14.7% in the 2nd quarter. Global X Management Co. LLC now owns 1,265 shares of the oil and gas producer’s stock valued at $119,000 after acquiring an additional 162 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Cimarex Energy by 0.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,427 shares of the oil and gas producer’s stock valued at $134,000 after acquiring an additional 10 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Cimarex Energy by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 1,935 shares of the oil and gas producer’s stock valued at $182,000 after acquiring an additional 148 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.
Cimarex Energy Company Profile
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.
Receive News & Ratings for Cimarex Energy Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cimarex Energy Co and related companies with MarketBeat.com's FREE daily email newsletter.