Rhumbline Advisers increased its position in shares of Cimarex Energy Co (NYSE:XEC) by 8.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 194,508 shares of the oil and gas producer’s stock after buying an additional 14,836 shares during the period. Rhumbline Advisers’ holdings in Cimarex Energy were worth $18,286,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of XEC. Global X Management Co. LLC raised its stake in shares of Cimarex Energy by 14.7% in the second quarter. Global X Management Co. LLC now owns 1,265 shares of the oil and gas producer’s stock worth $119,000 after buying an additional 162 shares during the period. State of Alaska Department of Revenue raised its stake in Cimarex Energy by 0.7% in the second quarter. State of Alaska Department of Revenue now owns 1,427 shares of the oil and gas producer’s stock valued at $134,000 after buying an additional 10 shares during the period. Winch Advisory Services LLC acquired a new stake in Cimarex Energy during the first quarter valued at $186,000. Eagle Ridge Investment Management raised its stake 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 valued at $206,000 after buying an additional 50 shares during the period. Finally, Parallel Advisors LLC raised its stake in Cimarex Energy by 11.8% in the first quarter. Parallel Advisors LLC now owns 1,785 shares of the oil and gas producer’s stock valued at $211,000 after buying an additional 188 shares during the period. Institutional investors and hedge funds own 94.55% of the company’s stock.

Cimarex Energy Co (NYSE XEC) opened at 96.30 on Friday. Cimarex Energy Co has a 12-month low of $89.49 and a 12-month high of $146.96. The company has a market capitalization of $8.99 billion, a PE ratio of 34.49 and a beta of 1.32. The stock has a 50 day moving average of $95.45 and a 200 day moving average of $111.61.

Cimarex Energy (NYSE:XEC) last announced its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 earnings per share (EPS) for the quarter, beating the 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 the consensus estimate of $441.52 million. During the same period last year, the firm posted $0.07 EPS. The firm’s quarterly revenue was up 52.7% on a year-over-year basis. On average, equities research analysts predict that Cimarex Energy Co will post $4.22 EPS for the current year.

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XEC has been the topic of several research reports. Jefferies Group LLC reiterated a “hold” rating and set a $119.00 price objective on shares of Cimarex Energy in a research note on Thursday, July 6th. KLR Group reiterated a “buy” rating and set 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 set 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 stock a “buy” rating in a research note on Monday, May 15th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Cimarex Energy in a research note on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $138.20.

In other Cimarex Energy news, CEO Thomas E. Jorden sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $101.67, for a total value of $254,175.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP John Lambuth sold 2,136 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $99.84, for a total transaction of $213,258.24. Following the completion of the transaction, the senior vice president now directly owns 106,532 shares of the company’s stock, valued at $10,636,154.88. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

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

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