Cimarex Energy Co (XEC) Shares Bought by FIL Ltd
FIL Ltd boosted its stake in Cimarex Energy Co (NYSE:XEC) by 6.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 154,362 shares of the company’s stock after buying an additional 8,866 shares during the period. FIL Ltd’s holdings in Cimarex Energy were worth $20,978,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of XEC. Henderson Group PLC boosted its position in Cimarex Energy by 12.9% in the second quarter. Henderson Group PLC now owns 11,419 shares of the company’s stock valued at $1,362,000 after buying an additional 1,308 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in Cimarex Energy by 1.7% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,348 shares of the company’s stock valued at $876,000 after buying an additional 126 shares in the last quarter. FCA Corp TX boosted its position in Cimarex Energy by 6.7% in the second quarter. FCA Corp TX now owns 29,502 shares of the company’s stock valued at $3,520,000 after buying an additional 1,841 shares in the last quarter. BRC Investment Management LLC purchased a new position in Cimarex Energy during the second quarter valued at approximately $3,538,000. Finally, Airain ltd boosted its position in Cimarex Energy by 189.7% in the second quarter. Airain ltd now owns 16,716 shares of the company’s stock valued at $1,995,000 after buying an additional 10,946 shares in the last quarter. 92.22% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Cimarex Energy Co (NYSE:XEC) traded down 1.03% during midday trading on Friday, reaching $131.69. 541,686 shares of the company’s stock were exchanged. The stock’s market cap is $12.51 billion. The firm has a 50 day moving average of $136.35 and a 200-day moving average of $132.96. Cimarex Energy Co has a one year low of $80.02 and a one year high of $146.96.
Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Wednesday, February 15th. The company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.05. Cimarex Energy had a negative net margin of 92.69% and a negative return on equity of 0.59%. On average, equities research analysts anticipate that Cimarex Energy Co will post $0.69 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Monday, February 13th. Cimarex Energy’s payout ratio is -2.70%.
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Several equities analysts have commented on XEC shares. Stifel Nicolaus lifted their target price on shares of Cimarex Energy from $142.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, November 1st. FBR & Co reissued a “buy” rating on shares of Cimarex Energy in a research report on Thursday, November 3rd. Susquehanna Bancshares Inc raised shares of Cimarex Energy from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $121.53 to $148.00 in a research report on Friday, November 4th. KLR Group raised shares of Cimarex Energy from a “hold” rating to an “accumulate” rating and lifted their target price for the stock from $143.00 to $152.00 in a research report on Monday, November 7th. Finally, Nomura reaffirmed a “hold” rating and issued a $129.00 price target on shares of Cimarex Energy in a report on Monday, November 7th. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Cimarex Energy has an average rating of “Buy” and a consensus price target of $136.82.
In other news, SVP Francis Brian Barron sold 1,512 shares of the stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $137.83, for a total transaction of $208,398.96. Following the sale, the senior vice president now owns 76,942 shares in the company, valued at $10,604,915.86. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Thomas E. Jorden sold 2,500 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $137.57, for a total transaction of $343,925.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,512 shares of company stock worth $1,597,294. Corporate insiders own 2.00% of the company’s stock.
Cimarex Energy Company Profile
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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