Cimarex Energy Co. (NYSE:XEC)’s share price traded down 3.7% during trading on Wednesday . The company traded as low as $116.26 and last traded at $116.26, with a volume of 635,507 shares. The stock had previously closed at $120.70.

Several research firms have commented on XEC. Canaccord Genuity raised their target price on shares of Cimarex Energy from $75.00 to $82.00 in a report on Tuesday, April 12th. Wunderlich raised their target price on shares of Cimarex Energy from $122.00 to $139.00 and gave the company a “buy” rating in a report on Thursday, June 30th. Deutsche Bank AG reissued a “hold” rating and issued a $105.00 target price on shares of Cimarex Energy in a report on Thursday, April 14th. Zacks Investment Research lowered shares of Cimarex Energy from a “buy” rating to a “hold” rating in a report on Monday. Finally, Barclays PLC raised their target price on shares of Cimarex Energy from $109.00 to $116.00 and gave the company an “overweight” rating in a report on Monday, May 9th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $113.85.

The firm’s market capitalization is $11.15 billion. The company’s 50 day moving average price is $116.92 and its 200 day moving average price is $100.96.

Cimarex Energy (NYSE:XEC) last issued its quarterly earnings results on Wednesday, May 4th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by $0.04. The business had revenue of $240.60 million for the quarter, compared to analyst estimates of $255.80 million. Cimarex Energy’s revenue was down 33.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.37) EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Thursday, August 11th.

In other news, COO Joseph R. Albi sold 3,500 shares of the stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $114.70, for a total transaction of $401,450.00. Following the completion of the sale, the chief operating officer now owns 118,461 shares of the company’s stock, valued at $13,587,476.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP James H. Shonsey sold 4,320 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $121.45, for a total value of $524,664.00. Following the sale, the vice president now directly owns 15,000 shares of the company’s stock, valued at approximately $1,821,750. The disclosure for this sale can be found here.

Several hedge funds recently added to or reduced their stakes in the stock. Morgan Stanley raised its stake in Cimarex Energy by 99.5% in the fourth quarter. Morgan Stanley now owns 400,739 shares of the company’s stock worth $35,818,000 after buying an additional 199,886 shares during the period. GSA Capital Partners LLP bought a new stake in Cimarex Energy during the fourth quarter worth $1,339,000. Vanguard Group Inc. raised its stake in Cimarex Energy by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 8,411,971 shares of the company’s stock worth $751,861,000 after buying an additional 253,206 shares during the period. Boston Partners bought a new stake in Cimarex Energy during the fourth quarter worth $209,634,000. Finally, State of Wisconsin Investment Board raised its stake in Cimarex Energy by 40.5% in the fourth quarter. State of Wisconsin Investment Board now owns 308,918 shares of the company’s stock worth $27,611,000 after buying an additional 88,987 shares during the period.

Cimarex Energy Co is an independent oil and gas exploration and production company. The Company’s segment is exploration and production. Its operations are located mainly in Oklahoma, Texas and New Mexico. Its operations are focused in approximately two main areas, such as the Permian Basin and the Mid-Continent region.

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