Two Sigma Advisers LP cut its holdings in shares of Cimarex Energy Co (NYSE:XEC) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 693,196 shares of the oil and gas producer’s stock after selling 53,000 shares during the period. Two Sigma Advisers LP owned approximately 0.73% of Cimarex Energy worth $84,577,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Ellington Management Group LLC purchased a new stake in shares of Cimarex Energy during the fourth quarter valued at $622,000. Goldman Sachs Group Inc. boosted its position in shares of Cimarex Energy by 19.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 572,047 shares of the oil and gas producer’s stock valued at $69,796,000 after buying an additional 93,327 shares during the last quarter. EnTrustPermal Partners Offshore LP purchased a new stake in shares of Cimarex Energy during the fourth quarter valued at $1,952,000. Deutsche Bank AG boosted its position in shares of Cimarex Energy by 7.0% during the fourth quarter. Deutsche Bank AG now owns 274,506 shares of the oil and gas producer’s stock valued at $33,489,000 after buying an additional 18,009 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Cimarex Energy during the fourth quarter valued at $3,660,000. 92.46% of the stock is currently owned by institutional investors.
Several research analysts have issued reports on XEC shares. Piper Jaffray Companies reissued a “hold” rating and issued a $138.00 target price on shares of Cimarex Energy in a research report on Tuesday, January 9th. Credit Suisse Group started coverage on Cimarex Energy in a research report on Monday, December 11th. They issued an “outperform” rating and a $140.00 target price on the stock. Morgan Stanley dropped their target price on Cimarex Energy from $168.00 to $165.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 7th. Williams Capital set a $154.00 target price on Cimarex Energy and gave the stock a “buy” rating in a research report on Thursday, February 15th. Finally, Seaport Global Securities raised Cimarex Energy from a “sell” rating to a “buy” rating in a research report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $138.10.
Cimarex Energy (NYSE:XEC) last issued its earnings results on Wednesday, February 14th. The oil and gas producer reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.07. The company had revenue of $550.90 million for the quarter, compared to the consensus estimate of $537.74 million. Cimarex Energy had a return on equity of 18.73% and a net margin of 25.77%. The firm’s quarterly revenue was up 44.1% on a year-over-year basis. During the same quarter last year, the company earned $0.60 EPS. equities analysts forecast that Cimarex Energy Co will post 7.27 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Thursday, March 15th will be paid a $0.16 dividend. This is an increase from Cimarex Energy’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Monday, May 14th. This represents a $0.64 dividend on an annualized basis and a yield of 0.69%. Cimarex Energy’s payout ratio is presently 6.17%.
In other Cimarex Energy news, Director Harold R. Logan, Jr. sold 1,900 shares of Cimarex Energy stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $97.82, for a total value of $185,858.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Thomas E. Jorden sold 5,000 shares of Cimarex Energy stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $113.14, for a total value of $565,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,400 shares of company stock worth $1,283,578. Corporate insiders own 1.70% of the company’s stock.
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Cimarex Energy 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.
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