Pioneer Investment Management Inc. Has $25.23 Million Position in Cimarex Energy Co (NYSE:XEC)
Pioneer Investment Management Inc. boosted its stake in shares of Cimarex Energy Co (NYSE:XEC) by 6.7% during the second quarter, Holdings Channel reports. The institutional investor owned 268,342 shares of the oil and gas producer’s stock after buying an additional 16,822 shares during the period. Pioneer Investment Management Inc.’s holdings in Cimarex Energy were worth $25,227,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of XEC. BlackRock Inc. boosted its position in Cimarex Energy by 3,127.3% in the first quarter. BlackRock Inc. now owns 7,141,421 shares of the oil and gas producer’s stock valued at $853,329,000 after buying an additional 6,920,140 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Cimarex Energy by 2.7% in the first quarter. Public Employees Retirement System of Ohio now owns 51,868 shares of the oil and gas producer’s stock valued at $6,198,000 after buying an additional 1,350 shares in the last quarter. Princeton Alpha Management LP purchased a new position in Cimarex Energy during the first quarter valued at about $361,000. Howland Capital Management LLC boosted its position in Cimarex Energy by 33.9% in the first quarter. Howland Capital Management LLC now owns 120,527 shares of the oil and gas producer’s stock valued at $14,402,000 after buying an additional 30,497 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new position in Cimarex Energy during the first quarter valued at about $299,000. Hedge funds and other institutional investors own 93.07% of the company’s stock.
Shares of Cimarex Energy Co (NYSE:XEC) opened at 100.86 on Thursday. Cimarex Energy Co has a one year low of $89.49 and a one year high of $146.96. The stock’s market cap is $9.42 billion. The company has a 50 day moving average of $94.72 and a 200-day moving average of $113.24.
Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 EPS for the quarter, beating the consensus estimate of $0.95 by $0.11. The company had revenue of $456.50 million during the quarter, compared to analysts’ expectations of $441.52 million. Cimarex Energy had a return on equity of 13.46% and a net margin of 15.64%. The firm’s revenue was up 52.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS. On average, analysts anticipate that Cimarex Energy Co will post $4.11 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Friday, August 11th. Cimarex Energy’s dividend payout ratio (DPR) is 12.03%.
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XEC has been the subject of several analyst reports. FBR & Co set a $141.00 target price on shares of Cimarex Energy and gave the company a “buy” rating in a research note on Thursday, May 18th. Credit Suisse Group assumed coverage on shares of Cimarex Energy in a research report on Thursday, June 1st. They set an “outperform” rating and a $138.00 price objective for the company. Barclays PLC restated an “overweight” rating and set a $129.00 price objective (down from $139.00) on shares of Cimarex Energy in a research report on Saturday, April 22nd. Citigroup Inc. restated a “buy” rating and set a $166.00 price objective (up from $164.00) on shares of Cimarex Energy in a research report on Saturday, April 22nd. Finally, BMO Capital Markets set a $150.00 price objective on shares of Cimarex Energy and gave the stock a “buy” rating in a research report on Monday, May 15th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Cimarex Energy currently has an average rating of “Hold” and an average target price of $137.05.
In other Cimarex Energy news, VP Stephen P. Bell sold 5,000 shares of Cimarex Energy stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $117.24, for a total value of $586,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas E. Jorden sold 2,500 shares of Cimarex Energy stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $116.40, for a total value of $291,000.00. The disclosure for this sale can be found here. Insiders sold a total of 8,538 shares of company stock valued at $1,001,760 in the last 90 days. 1.70% of the stock is owned by company insiders.
Cimarex Energy Company Profile
Cimarex Energy Co is an independent oil and gas exploration and production company. The Company operates in exploration and production (E&P) segment. Its operations are located in Oklahoma, Texas and New Mexico. Its E&P activities take place primarily in two areas: the Permian Basin and the Mid-Continent region.
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