Shares of Cimarex Energy Co. (NYSE:XEC) dropped 4.1% during trading on Monday . The company traded as low as $115.10 and last traded at $115.15, with a volume of 566,471 shares. The stock had previously closed at $120.02.

Several analysts have issued reports on the stock. Deutsche Bank AG reaffirmed a “hold” rating and issued a $120.00 price target (up previously from $110.00) on shares of Cimarex Energy in a report on Wednesday, May 18th. Stifel Nicolaus upped their price target on shares of Cimarex Energy from $120.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, July 13th. Simmons reaffirmed an “overweight” rating and issued a $133.00 price target (up previously from $125.00) on shares of Cimarex Energy in a report on Tuesday, May 17th. Canaccord Genuity reaffirmed a “buy” rating on shares of Cimarex Energy in a report on Monday, April 11th. Finally, Bank of America Corp. reaffirmed a “buy” rating and issued a $118.00 price target on shares of Cimarex Energy in a report on Thursday, April 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company. Cimarex Energy has a consensus rating of “Buy” and an average target price of $112.64.

The company’s 50-day moving average price is $116.62 and its 200-day moving average price is $103.94. The company’s market cap is $10.95 billion.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be issued a dividend of $0.08 per share. 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 related news, COO Joseph R. Albi sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $116.52, for a total transaction of $145,650.00. Following the transaction, the chief operating officer now owns 118,461 shares of the company’s stock, valued at $13,803,075.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Thomas E. Jorden sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $119.87, for a total transaction of $299,675.00. The disclosure for this sale can be found here.

A number of institutional investors have modified their holdings of the stock. US Bancorp DE raised its position in shares of 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 during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Cimarex Energy during the fourth quarter valued at $1,339,000. Airain ltd acquired a new position in shares of Cimarex Energy during the fourth quarter valued at $1,439,000. Finally, Andra AP fonden raised its position in shares of Cimarex Energy by 53.7% in the fourth quarter. Andra AP fonden now owns 18,900 shares of the company’s stock valued at $1,689,000 after buying an additional 6,600 shares during the last quarter.

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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