UBS AG downgraded shares of Cimarex Energy Co (NYSE:XEC) from a positive rating to a neutral rating in a report published on Monday.

A number of other equities research analysts have also weighed in on the company. Capital One Financial Corporation restated an overweight rating on shares of Cimarex Energy in a research report on Wednesday, November 8th. Imperial Capital boosted their price objective on Cimarex Energy from $135.00 to $141.00 and gave the stock an outperform rating in a research report on Thursday, November 9th. SunTrust Banks, Inc. boosted their price objective on Cimarex Energy to $127.00 and gave the stock a hold rating in a research report on Thursday, November 9th. KeyCorp restated a buy rating on shares of Cimarex Energy in a research report on Wednesday, November 8th. Finally, Morgan Stanley boosted their price objective on Cimarex Energy from $138.00 to $168.00 and gave the stock an overweight rating in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $135.81.

Cimarex Energy (NYSE XEC) traded down $3.18 during trading on Monday, hitting $121.87. The stock had a trading volume of 1,034,800 shares, compared to its average volume of 1,067,144. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.51 and a quick ratio of 1.42. Cimarex Energy has a 12 month low of $89.49 and a 12 month high of $146.96. The firm has a market cap of $11,912.38, a PE ratio of 32.91 and a beta of 1.35.

Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.12. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The company had revenue of $463.68 million during the quarter, compared to analysts’ expectations of $451.53 million. During the same quarter in the previous year, the firm earned $0.53 EPS. Cimarex Energy’s revenue was up 38.1% on a year-over-year basis. research analysts anticipate that Cimarex Energy will post 4.31 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Tuesday, November 14th. Cimarex Energy’s dividend payout ratio is presently 8.51%.

In other news, VP Stephen P. Bell sold 3,696 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $125.11, for a total value of $462,406.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Harold R. Logan, Jr. sold 913 shares of the company’s 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 of the company’s stock, valued at $984,113.17. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,107 shares of company stock valued at $2,918,092. 1.70% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Trust Co. of Vermont grew its holdings in Cimarex Energy by 6.9% during the third quarter. Trust Co. of Vermont now owns 26,240 shares of the oil and gas producer’s stock valued at $2,983,000 after purchasing an additional 1,692 shares during the period. Elliott Management Corp bought a new position in Cimarex Energy during the second quarter valued at $288,000. Xact Kapitalforvaltning AB grew its holdings in Cimarex Energy by 17.0% during the second quarter. Xact Kapitalforvaltning AB now owns 8,339 shares of the oil and gas producer’s stock valued at $784,000 after purchasing an additional 1,213 shares during the period. South Dakota Investment Council bought a new position in Cimarex Energy during the second quarter valued at $11,439,000. Finally, Calamos Advisors LLC grew its holdings in Cimarex Energy by 37.0% during the second quarter. Calamos Advisors LLC now owns 25,006 shares of the oil and gas producer’s stock valued at $2,351,000 after purchasing an additional 6,757 shares during the period. 91.05% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Cimarex Energy (NYSE:XEC)

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