Boston Partners reduced its stake in shares of Cimarex Energy Co (NYSE:XEC) by 3.2% during the second quarter, Holdings Channel reports. The institutional investor owned 1,400,083 shares of the oil and gas producer’s stock after selling 47,021 shares during the period. Boston Partners’ holdings in Cimarex Energy were worth $131,622,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised 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. Lazard Asset Management LLC raised its position in Cimarex Energy by 1,366.3% in the first quarter. Lazard Asset Management LLC now owns 890,780 shares of the oil and gas producer’s stock valued at $106,439,000 after buying an additional 830,028 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in Cimarex Energy by 15.0% in the first quarter. Diamond Hill Capital Management Inc. now owns 3,755,729 shares of the oil and gas producer’s stock valued at $448,772,000 after buying an additional 489,278 shares in the last quarter. Bank of America Corp DE raised its position in Cimarex Energy by 46.7% in the first quarter. Bank of America Corp DE now owns 931,104 shares of the oil and gas producer’s stock valued at $111,258,000 after buying an additional 296,415 shares in the last quarter. Finally, State Street Corp raised its position in Cimarex Energy by 5.8% in the first quarter. State Street Corp now owns 5,301,133 shares of the oil and gas producer’s stock valued at $633,445,000 after buying an additional 290,405 shares in the last quarter. Hedge funds and other institutional investors own 93.07% of the company’s stock.

Shares of Cimarex Energy Co (NYSE:XEC) opened at 97.52 on Friday. The firm has a 50-day moving average of $95.06 and a 200-day moving average of $112.85. Cimarex Energy Co has a one year low of $89.49 and a one year high of $146.96. The company has a market capitalization of $9.11 billion, a P/E ratio of 34.95 and a beta of 1.32.

Cimarex Energy (NYSE:XEC) last released 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. Cimarex Energy had a net margin of 15.64% and a return on equity of 13.29%. The firm had revenue of $456.50 million during the quarter, compared to analysts’ expectations of $441.52 million. During the same period in the previous year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 52.7% compared to the same quarter last year. Equities research analysts expect that Cimarex Energy Co will post $4.12 EPS for the current fiscal year.

WARNING: “Boston Partners Lowers Position in Cimarex Energy Co (XEC)” was published by Daily Political and is the property of of Daily Political. If you are reading this piece on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/08/12/boston-partners-lowers-position-in-cimarex-energy-co-xec.html.

XEC has been the topic of several research reports. KLR Group reiterated a “buy” rating and issued a $151.00 price objective (up previously from $149.00) on shares of Cimarex Energy in a research note on Wednesday, May 17th. Barclays PLC reiterated an “overweight” rating and issued a $135.00 price objective (up previously from $129.00) on shares of Cimarex Energy in a research note on Monday, May 15th. BMO Capital Markets set a $150.00 price objective on shares of Cimarex Energy and gave the company a “buy” rating in a research note on Monday, May 15th. Jefferies Group LLC reiterated a “hold” rating and issued a $119.00 price objective on shares of Cimarex Energy in a research note on Thursday, July 6th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $166.00 price objective (up previously from $164.00) on shares of Cimarex Energy in a research note on Saturday, April 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $139.10.

In other Cimarex Energy news, VP Stephen P. Bell sold 5,000 shares of Cimarex Energy stock in a transaction on Friday, May 19th. The shares were sold at an average price of $117.24, for a total transaction of $586,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director L Paul Teague sold 1,038 shares of Cimarex Energy 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 directly owns 44,394 shares of the company’s stock, valued at $5,327,280. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,174 shares of company stock valued at $1,469,193. Company insiders own 1.70% of the company’s stock.

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.

Want to see what other hedge funds are holding XEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cimarex Energy Co (NYSE:XEC).

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

Receive News & Ratings for Cimarex Energy Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cimarex Energy Co and related companies with MarketBeat.com's FREE daily email newsletter.