Stephen P. Bell Sells 2,500 Shares of Cimarex Energy Co (XEC) Stock
Cimarex Energy Co (NYSE:XEC) VP Stephen P. Bell sold 2,500 shares of Cimarex Energy stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $105.00, for a total transaction of $262,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Stephen P. Bell also recently made the following trade(s):
- On Tuesday, September 5th, Stephen P. Bell sold 2,500 shares of Cimarex Energy stock. The shares were sold at an average price of $102.54, for a total transaction of $256,350.00.
Shares of Cimarex Energy Co (XEC) opened at 106.72 on Friday. The firm has a market capitalization of $9.97 billion, a PE ratio of 38.22 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 has a 50 day moving average of $99.10 and a 200-day moving average of $107.28.
Cimarex Energy (NYSE:XEC) last released its earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 earnings per share 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 business had revenue of $456.50 million during the quarter, compared to analysts’ expectations of $441.52 million. During the same period last year, the business earned $0.07 earnings per share. The firm’s revenue was up 52.7% on a year-over-year basis. Equities analysts anticipate that Cimarex Energy Co will post $4.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.30%. Cimarex Energy’s dividend payout ratio is presently 12.03%.
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Several large investors have recently added to or reduced their stakes in the stock. Turner Investments LLC acquired a new stake in Cimarex Energy during the 2nd quarter valued at $100,000. Advisor Group Inc. lifted its holdings in Cimarex Energy by 5.3% during the 2nd quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock valued at $113,000 after purchasing an additional 60 shares during the last quarter. Global X Management Co. LLC lifted its holdings in Cimarex Energy by 14.7% during the 2nd quarter. Global X Management Co. LLC now owns 1,265 shares of the oil and gas producer’s stock valued at $119,000 after purchasing an additional 162 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Cimarex Energy by 0.7% during the 2nd 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 purchasing an additional 10 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Cimarex Energy by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 1,935 shares of the oil and gas producer’s stock valued at $182,000 after purchasing an additional 148 shares during the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.
XEC has been the topic of a number of research analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $119.00 price objective on shares of Cimarex Energy in a research report on Thursday, July 6th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Cimarex Energy in a research report on Wednesday, June 28th. Citigroup Inc. lowered their price objective on shares of Cimarex Energy from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, July 13th. Wolfe Research downgraded shares of Cimarex Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 15th. Finally, Credit Suisse Group initiated 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 on the stock. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $136.40.
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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