Victory Capital Management Inc. grew its position in Cimarex Energy Co (NYSE:XEC) by 26.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,998,167 shares of the oil and gas producer’s stock after purchasing an additional 624,486 shares during the period. Victory Capital Management Inc. owned approximately 3.14% of Cimarex Energy worth $184,836,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Anchor Capital Advisors LLC lifted its position in Cimarex Energy by 30.6% in the 4th quarter. Anchor Capital Advisors LLC now owns 12,750 shares of the oil and gas producer’s stock worth $786,000 after buying an additional 2,990 shares in the last quarter. New Amsterdam Partners LLC NY acquired a new stake in Cimarex Energy in the 4th quarter worth $642,000. Icon Advisers Inc. Co. grew its position in Cimarex Energy by 19.2% in the 4th quarter. Icon Advisers Inc. Co. now owns 151,571 shares of the oil and gas producer’s stock worth $9,344,000 after purchasing an additional 24,400 shares during the last quarter. ETF Managers Group LLC bought a new position in shares of Cimarex Energy during the 4th quarter worth about $1,231,000. Finally, LS Investment Advisors LLC lifted its holdings in shares of Cimarex Energy by 4.8% during the 4th quarter. LS Investment Advisors LLC now owns 6,305 shares of the oil and gas producer’s stock worth $389,000 after acquiring an additional 286 shares during the period. Hedge funds and other institutional investors own 99.61% of the company’s stock.
Shares of Cimarex Energy stock traded up $0.73 on Tuesday, hitting $73.00. The company had a trading volume of 14,585 shares, compared to its average volume of 1,306,348. The stock has a market capitalization of $6.75 billion, a PE ratio of 15.69 and a beta of 1.45. Cimarex Energy Co has a twelve month low of $55.62 and a twelve month high of $103.91. The company has a quick ratio of 1.62, a current ratio of 1.69 and a debt-to-equity ratio of 0.49.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, February 14th. Cimarex Energy’s dividend payout ratio (DPR) is presently 15.48%.
XEC has been the subject of several analyst reports. Barclays started coverage on shares of Cimarex Energy in a report on Wednesday, January 16th. They set an “equal weight” rating and a $81.00 price target for the company. Cowen started coverage on shares of Cimarex Energy in a report on Thursday, November 29th. They set a “market perform” rating and a $95.00 price objective for the company. JPMorgan Chase & Co. set a $88.00 price objective on shares of Cimarex Energy and gave the company a “hold” rating in a report on Friday, December 7th. Susquehanna Bancshares upgraded shares of Cimarex Energy from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $74.00 to $88.00 in a report on Friday. Finally, Wolfe Research upgraded shares of Cimarex Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 17th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $112.19.
In other news, Director Michael J/Co Sullivan sold 1,492 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $70.22, for a total value of $104,768.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by corporate insiders.
Cimarex Energy Profile
Cimarex Energy Co operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2017, it had a total proved oil and gas reserves of 3.35 trillion cubic feet equivalent (Tcfe) consisting of 1.61 trillion cubic feet of natural gas, 0.82 Tcfe of oil, and 0.92 Tcfe of natural gas liquids primarily located in the Mid-Continent and Permian Basin regions.
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