Cimarex Energy Co. (NYSE:XEC)’s share price was down 4.6% on Monday . The stock traded as low as $112.78 and last traded at $112.97, with a volume of 372,115 shares trading hands. The stock had previously closed at $118.38.

Several equities analysts have weighed in on XEC shares. Canaccord Genuity raised their price objective on Cimarex Energy from $75.00 to $82.00 in a research note on Tuesday, April 12th. Wunderlich raised their price objective on Cimarex Energy from $122.00 to $139.00 and gave the company a “buy” rating in a research note on Thursday, June 30th. Stifel Nicolaus raised their price objective on Cimarex Energy from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, April 12th. Bank of America Corp. restated a “buy” rating and set a $118.00 price objective on shares of Cimarex Energy in a research note on Thursday, April 14th. Finally, Zacks Investment Research upgraded Cimarex Energy from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research note on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $112.64.

The stock has a 50 day moving average of $117.18 and a 200 day moving average of $102.25. The stock’s market capitalization is $10.78 billion.

Cimarex Energy (NYSE:XEC) last released its quarterly earnings results on Wednesday, May 4th. The company reported ($0.40) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by $0.04. The firm earned $240.60 million during the quarter, compared to analysts’ expectations of $255.80 million. During the same period last year, the firm posted ($0.37) earnings per share. The company’s quarterly revenue was down 33.4% on a year-over-year basis. On average, equities research analysts expect that Cimarex Energy Co. will post $0.15 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Thursday, August 11th.

In other news, COO Joseph R. Albi sold 1,250 shares of the business’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $116.52, for a total value of $145,650.00. Following the completion of the transaction, the chief operating officer now directly owns 118,461 shares of the company’s stock, valued at approximately $13,803,075.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Thomas E. Jorden sold 2,500 shares of the business’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $119.87, for a total value of $299,675.00. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently added to or reduced their stakes in the company. US Bancorp DE raised its position in Cimarex Energy by 14.1% in the fourth quarter. US Bancorp DE now owns 11,440 shares of the company’s stock valued at $1,023,000 after buying an additional 1,415 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in shares of Cimarex Energy by 7.1% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 12,533 shares of the company’s stock valued at $1,120,000 after buying an additional 828 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Cimarex Energy during the fourth quarter valued at about $1,339,000. Amica Mutual Insurance Co. acquired a new position in shares of Cimarex Energy during the fourth quarter valued at about $1,419,000. Finally, Airain ltd acquired a new position in shares of Cimarex Energy during the fourth quarter valued at about $1,439,000.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.