State of Alaska Department of Revenue increased its position in Cimarex Energy Co (NYSE:XEC) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,427 shares of the oil and gas producer’s stock after buying an additional 10 shares during the period. State of Alaska Department of Revenue’s holdings in Cimarex Energy were worth $134,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its position in Cimarex Energy by 0.4% in the second quarter. Fisher Asset Management LLC now owns 3,013 shares of the oil and gas producer’s stock worth $283,000 after buying an additional 13 shares in the last quarter. Cleararc Capital Inc. boosted its position in Cimarex Energy by 1.3% in the first quarter. Cleararc Capital Inc. now owns 2,347 shares of the oil and gas producer’s stock worth $280,000 after buying an additional 30 shares in the last quarter. Eagle Ridge Investment Management boosted its position in Cimarex Energy by 3.0% in the first quarter. Eagle Ridge Investment Management now owns 1,720 shares of the oil and gas producer’s stock worth $206,000 after buying an additional 50 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Cimarex Energy by 2.0% in the first quarter. Daiwa Securities Group Inc. now owns 2,550 shares of the oil and gas producer’s stock worth $305,000 after buying an additional 50 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in Cimarex Energy by 3.2% in the first quarter. Pacer Advisors Inc. now owns 1,787 shares of the oil and gas producer’s stock worth $214,000 after buying an additional 55 shares in the last quarter. 93.07% of the stock is owned by institutional investors and hedge funds.

Cimarex Energy Co (NYSE XEC) traded down 0.80% during mid-day trading on Friday, reaching $96.92. 275,428 shares of the company traded hands. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 34.74 and a beta of 1.32. Cimarex Energy Co has a 52 week low of $89.49 and a 52 week high of $146.96. The stock’s 50 day moving average price is $94.88 and its 200 day moving average price is $113.13.

Cimarex Energy (NYSE:XEC) last announced its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.11. The company had revenue of $456.50 million during the quarter, compared to the consensus estimate of $441.52 million. Cimarex Energy had a net margin of 15.64% and a return on equity of 13.29%. Cimarex Energy’s quarterly revenue was up 52.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 EPS. Equities analysts forecast that Cimarex Energy Co will post $4.12 EPS for the current year.

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A number of research firms have issued reports on XEC. UBS AG reaffirmed a “neutral” rating and issued a $134.00 price target (up previously from $131.00) on shares of Cimarex Energy in a report on Friday, May 12th. Williams Capital raised shares of Cimarex Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from $148.00 to $160.00 in a report on Monday, May 15th. They noted that the move was a valuation call. Scotiabank set a $143.00 price target on shares of Cimarex Energy and gave the stock a “buy” rating in a report on Saturday, July 1st. Morgan Stanley raised their price target on shares of Cimarex Energy from $135.00 to $138.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, KLR Group reaffirmed a “buy” rating and issued a $151.00 price target (up previously from $149.00) on shares of Cimarex Energy in a report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $136.95.

In other Cimarex Energy news, CEO Thomas E. Jorden sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $116.40, for a total transaction of $291,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director L Paul Teague sold 1,038 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $120.00, for a total transaction of $124,560.00. Following the transaction, the director now owns 44,394 shares of the company’s stock, valued at approximately $5,327,280. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,538 shares of company stock valued at $1,001,760. 1.70% of the stock is owned by insiders.

About Cimarex Energy

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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Institutional Ownership by Quarter for Cimarex Energy (NYSE:XEC)

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