Cimarex Energy Co (XEC) Holdings Trimmed by Teachers Advisors LLC
Teachers Advisors LLC cut its holdings in shares of Cimarex Energy Co (NYSE:XEC) by 9.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 393,471 shares of the oil and gas producer’s stock after selling 41,806 shares during the period. Teachers Advisors LLC owned approximately 0.42% of Cimarex Energy worth $36,990,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Turner Investments LLC bought a new position in Cimarex Energy during the second quarter worth about $100,000. Global X Management Co. LLC lifted its holdings in Cimarex Energy by 14.1% during the first quarter. Global X Management Co. LLC now owns 1,103 shares of the oil and gas producer’s stock worth $132,000 after acquiring an additional 136 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Cimarex Energy by 0.7% during the second quarter. State of Alaska Department of Revenue now owns 1,427 shares of the oil and gas producer’s stock worth $134,000 after acquiring an additional 10 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Cimarex Energy by 11.8% during the first quarter. Parallel Advisors LLC now owns 1,785 shares of the oil and gas producer’s stock worth $211,000 after acquiring an additional 188 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Cimarex Energy by 3.2% during the first quarter. Pacer Advisors Inc. now owns 1,787 shares of the oil and gas producer’s stock worth $214,000 after acquiring an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.
A number of analysts have recently commented on XEC shares. Scotiabank set a $143.00 price target on Cimarex Energy and gave the company a “buy” rating in a report on Saturday, July 1st. Barclays PLC boosted their price target on Cimarex Energy from $112.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, August 15th. Stifel Nicolaus set a $169.00 price target on Cimarex Energy and gave the company a “buy” rating in a report on Wednesday, August 16th. BidaskClub lowered Cimarex Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Finally, Imperial Capital started coverage on Cimarex Energy in a report on Tuesday. They issued an “outperform” rating and a $135.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $134.19.
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In related news, Director Harold R. Logan, Jr. sold 913 shares of Cimarex Energy stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $105.83, for a total value of $96,622.79. Following the completion of the transaction, the director now directly owns 9,299 shares in the company, valued at approximately $984,113.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Lambuth sold 2,136 shares of Cimarex Energy stock in a transaction that occurred on Thursday, August 10th. The shares were 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 owns 106,532 shares of the company’s stock, valued at $10,636,154.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,299 shares of company stock valued at $2,204,271. 1.70% of the stock is currently owned by company insiders.
Cimarex Energy Co (XEC) opened at 107.25 on Tuesday. The stock has a 50 day moving average price of $99.35 and a 200 day moving average price of $106.87. The firm has a market cap of $10.02 billion, a P/E ratio of 38.41 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.
Cimarex Energy (NYSE:XEC) last issued its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $456.50 million during the quarter, compared to analyst estimates of $441.52 million. During the same quarter last year, the business posted $0.07 EPS. Cimarex Energy’s quarterly revenue was up 52.7% compared to the same quarter last year. Equities analysts predict that Cimarex Energy Co will post $4.17 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.30%. Cimarex Energy’s payout ratio is currently 12.03%.
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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