Shares of Cimarex Energy Co. (NYSE:XEC) gapped up prior to trading on Thursday . The stock had previously closed at $128.86, but opened at $129.26. Cimarex Energy shares last traded at $131.50, with a volume of 239,192 shares traded.

Several research firms have commented on XEC. Citigroup Inc. lifted their target price on shares of Cimarex Energy from $127.00 to $149.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. Zacks Investment Research cut shares of Cimarex Energy from a “buy” rating to a “hold” rating in a research report on Wednesday. Deutsche Bank AG upped their price target on shares of Cimarex Energy from $120.00 to $140.00 and gave the stock a “hold” rating in a research report on Wednesday, August 10th. Barclays PLC upped their price target on shares of Cimarex Energy from $117.00 to $138.00 and gave the stock an “overweight” rating in a research report on Monday, August 8th. Finally, Canaccord Genuity cut their price objective on shares of Cimarex Energy from $112.00 to $94.00 and set a “hold” rating on the stock in a report on Thursday, August 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $115.96.

The company’s 50 day moving average is $121.03 and its 200-day moving average is $107.58. The firm’s market capitalization is $12.43 billion.

Cimarex Energy (NYSE:XEC) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.18. During the same period in the prior year, the business earned $0.15 earnings per share. The firm had revenue of $298.90 million for the quarter, compared to the consensus estimate of $279.22 million. The company’s revenue for the quarter was down 29.6% on a year-over-year basis. On average, equities research analysts predict that Cimarex Energy Co. will post $0.61 EPS for the current year.

In related news, COO Joseph R. Albi sold 1,250 shares of Cimarex Energy stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $120.00, for a total transaction of $150,000.00. Following the completion of the transaction, the chief operating officer now directly owns 118,461 shares of the company’s stock, valued at approximately $14,215,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP James H. Shonsey sold 4,320 shares of Cimarex Energy stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $121.45, for a total transaction of $524,664.00. Following the transaction, the vice president now directly owns 15,000 shares of the company’s stock, valued at $1,821,750. The disclosure for this sale can be found here.

Other institutional investors have recently made changes to their positions in the company. Morgan Stanley increased its position in shares of Cimarex Energy by 99.5% in the fourth quarter. Morgan Stanley now owns 400,739 shares of the company’s stock valued at $35,818,000 after buying an additional 199,886 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Cimarex Energy by 2.1% in the fourth quarter. Principal Financial Group Inc. now owns 131,691 shares of the company’s stock valued at $11,770,000 after buying an additional 2,672 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased 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. Andra AP fonden increased 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 in the last quarter. Finally, US Bancorp DE increased 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 in 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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