Great West Life Assurance Co. Can reduced its position in Cimarex Energy Co (NYSE:XEC) by 43.0% during the second quarter, Holdings Channel reports. The institutional investor owned 80,316 shares of the oil and gas producer’s stock after selling 60,543 shares during the period. Great West Life Assurance Co. Can’s holdings in Cimarex Energy were worth $7,543,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of 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 boosted its stake in shares of 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. Boston Partners boosted its stake in shares of Cimarex Energy by 109.3% in the first quarter. Boston Partners now owns 1,447,104 shares of the oil and gas producer’s stock valued at $172,915,000 after buying an additional 755,553 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of 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. Finally, Bank of America Corp DE boosted its stake in shares of 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. 93.07% of the stock is owned by institutional investors.

Cimarex Energy Co (NYSE XEC) opened at 97.52 on Friday. The firm has a market cap of $9.11 billion, a PE ratio of 34.93 and a beta of 1.32. Cimarex Energy Co has a 12-month low of $89.49 and a 12-month high of $146.96. The stock has a 50 day moving average of $95.06 and a 200 day moving average of $112.85.

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 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%. The company’s quarterly revenue was up 52.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. On average, equities research analysts anticipate that Cimarex Energy Co will post $4.12 EPS for the current fiscal year.

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XEC has been the subject of several analyst reports. Jefferies Group LLC reiterated a “hold” rating and set a $123.00 price target on shares of Cimarex Energy in a research report on Tuesday, April 18th. Citigroup Inc. reiterated a “buy” rating and set a $166.00 price target (up previously from $164.00) on shares of Cimarex Energy in a research report on Saturday, April 22nd. Barclays PLC reiterated an “overweight” rating and set a $129.00 price target (down previously from $139.00) on shares of Cimarex Energy in a research report on Saturday, April 22nd. UBS AG reiterated a “neutral” rating and set a $134.00 price target (up previously from $131.00) on shares of Cimarex Energy in a research report on Friday, May 12th. Finally, Williams Capital upgraded shares of Cimarex Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $148.00 to $160.00 in a research report on Monday, May 15th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. Cimarex Energy presently has a consensus rating of “Hold” and an average price target of $139.10.

In other news, Director L Paul Teague sold 1,038 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $120.00, for a total transaction of $124,560.00. Following the completion of the sale, the director now owns 44,394 shares of the company’s stock, valued at approximately $5,327,280. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Thomas E. Jorden sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $116.40, for a total transaction of $291,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,174 shares of company stock valued at $1,469,193. 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.

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

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