Cimarex Energy Co (NYSE:XEC) COO Joseph R. Albi sold 1,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $113.75, for a total transaction of $113,750.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Tuesday, November 21st, Joseph R. Albi sold 1,750 shares of Cimarex Energy stock. The shares were sold at an average price of $114.78, for a total transaction of $200,865.00.
  • 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.

Shares of Cimarex Energy Co (XEC) traded down $0.23 during trading on Thursday, reaching $113.05. 651,643 shares of the company were exchanged, compared to its average volume of 1,043,174. The company has a market cap of $10,818.78, a PE ratio of 29.89 and a beta of 1.34. Cimarex Energy Co has a 52 week low of $89.49 and a 52 week high of $144.30. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62.

Cimarex Energy (NYSE:XEC) last announced its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.12. The company had revenue of $463.68 million for the quarter, compared to analysts’ expectations of $451.53 million. Cimarex Energy had a net margin of 20.45% and a return on equity of 16.11%. Cimarex Energy’s revenue was up 38.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. research analysts anticipate that Cimarex Energy Co will post 4.35 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Wednesday, February 14th. Cimarex Energy’s payout ratio is 8.51%.

A number of research firms have recently weighed in on XEC. Stifel Nicolaus set a $168.00 target price on shares of Cimarex Energy and gave the stock a “buy” rating in a research report on Thursday, October 5th. BidaskClub raised shares of Cimarex Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th. Credit Suisse Group began coverage on shares of Cimarex Energy in a research report on Monday. They issued an “outperform” rating and a $140.00 target price on the stock. Morgan Stanley upped their target price on shares of Cimarex Energy from $138.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Finally, UBS downgraded shares of Cimarex Energy from a “positive” rating to a “neutral” rating in a research report on Monday, November 13th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $136.60.

A number of institutional investors and hedge funds have recently bought and sold shares of XEC. Principal Financial Group Inc. lifted its stake in Cimarex Energy by 968.7% during the 2nd quarter. Principal Financial Group Inc. now owns 1,544,775 shares of the oil and gas producer’s stock valued at $145,224,000 after acquiring an additional 1,400,223 shares during the period. Wells Fargo & Company MN lifted its stake in Cimarex Energy by 172.6% during the 3rd quarter. Wells Fargo & Company MN now owns 1,352,468 shares of the oil and gas producer’s stock valued at $153,734,000 after acquiring an additional 856,274 shares during the period. Janus Henderson Group PLC lifted its stake in Cimarex Energy by 7,007.8% during the 2nd quarter. Janus Henderson Group PLC now owns 834,313 shares of the oil and gas producer’s stock valued at $78,434,000 after acquiring an additional 822,575 shares during the period. APG Asset Management N.V. lifted its stake in Cimarex Energy by 274.1% during the 3rd quarter. APG Asset Management N.V. now owns 743,117 shares of the oil and gas producer’s stock valued at $84,470,000 after acquiring an additional 544,465 shares during the period. Finally, Caymus Capital Partners L.P. bought a new position in Cimarex Energy during the 3rd quarter valued at about $61,666,000. Institutional investors and hedge funds own 92.35% of the company’s stock.

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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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