Beddow Capital Management Inc. lessened its position in shares of Cimarex Energy Co (NYSE:XEC) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,898 shares of the oil and gas producer’s stock after selling 3,465 shares during the period. Cimarex Energy comprises 3.2% of Beddow Capital Management Inc.’s portfolio, making the stock its 13th largest position. Beddow Capital Management Inc. owned 0.10% of Cimarex Energy worth $5,850,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. Diamond Hill Capital Management Inc. grew its holdings in shares of Cimarex Energy by 4.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 5,623,331 shares of the oil and gas producer’s stock valued at $522,632,000 after buying an additional 227,157 shares during the last quarter. Capital International Investors purchased a new position in Cimarex Energy in the third quarter valued at about $418,230,000. International Value Advisers LLC boosted its stake in Cimarex Energy by 13.5% in the third quarter. International Value Advisers LLC now owns 3,061,838 shares of the oil and gas producer’s stock valued at $284,567,000 after acquiring an additional 363,877 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Cimarex Energy by 26.3% in the fourth quarter. Victory Capital Management Inc. now owns 2,998,167 shares of the oil and gas producer’s stock valued at $184,836,000 after acquiring an additional 624,486 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Cimarex Energy by 4.7% in the third quarter. Wells Fargo & Company MN now owns 2,762,986 shares of the oil and gas producer’s stock valued at $256,792,000 after purchasing an additional 125,141 shares during the period. Institutional investors and hedge funds own 99.61% of the company’s stock.
Shares of XEC opened at $74.31 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.69 and a quick ratio of 1.62. Cimarex Energy Co has a twelve month low of $55.62 and a twelve month high of $103.91. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 15.98 and a beta of 1.45.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $0.72 annualized dividend and a yield of 0.97%. Cimarex Energy’s dividend payout ratio (DPR) is presently 15.48%.
Several analysts have recently issued reports on XEC shares. Jefferies Financial Group set a $117.00 price target on shares of Cimarex Energy and gave the company a “buy” rating in a research report on Tuesday, November 20th. Morgan Stanley boosted their price target on shares of Cimarex Energy from $124.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday, November 20th. Williams Capital set a $129.00 price target on shares of Cimarex Energy and gave the company a “buy” rating in a research report on Monday, November 19th. MKM Partners started coverage on shares of Cimarex Energy in a research report on Wednesday, December 5th. They issued a “buy” rating and a $108.00 price target on the stock. Finally, Barclays started coverage on shares of Cimarex Energy in a research report on Wednesday, January 16th. They issued an “equal weight” rating and a $81.00 price target on the stock. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $112.19.
In other Cimarex Energy news, Director Michael J/Co Sullivan sold 1,492 shares of the company’s stock in a transaction on Friday, December 14th. The shares were sold at an average price of $70.22, for a total value of $104,768.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by corporate insiders.
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About Cimarex Energy
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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