Cimarex Energy Co (XEC) Shares Bought by Cambiar Investors LLC
Cambiar Investors LLC grew its position in Cimarex Energy Co (NYSE:XEC) by 4.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,005 shares of the oil and gas producer’s stock after acquiring an additional 1,538 shares during the period. Cambiar Investors LLC’s holdings in Cimarex Energy were worth $3,865,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of XEC. Principal Financial Group Inc. raised its stake in shares of Cimarex Energy by 968.7% in the second quarter. Principal Financial Group Inc. now owns 1,544,775 shares of the oil and gas producer’s stock valued at $145,224,000 after acquiring an additional 1,400,223 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Cimarex Energy by 7,007.8% in the second quarter. Janus Henderson Group PLC now owns 834,313 shares of the oil and gas producer’s stock valued at $78,434,000 after purchasing an additional 822,575 shares in the last quarter. APG Asset Management N.V. increased its holdings in shares of Cimarex Energy by 274.1% in the third quarter. APG Asset Management N.V. now owns 743,117 shares of the oil and gas producer’s stock valued at $84,470,000 after purchasing an additional 544,465 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Cimarex Energy by 767.6% in the second quarter. Renaissance Technologies LLC now owns 535,298 shares of the oil and gas producer’s stock valued at $50,323,000 after purchasing an additional 473,600 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Cimarex Energy by 5.2% in the second quarter. BlackRock Inc. now owns 7,512,811 shares of the oil and gas producer’s stock valued at $706,278,000 after purchasing an additional 371,390 shares in the last quarter. Institutional investors own 91.05% of the company’s stock.
A number of analysts have commented on the stock. KeyCorp reaffirmed a “buy” rating on shares of Cimarex Energy in a report on Wednesday, November 8th. Capital One Financial Corporation reaffirmed an “overweight” rating on shares of Cimarex Energy in a report on Wednesday, November 8th. UBS AG lowered shares of Cimarex Energy from a “positive” rating to a “neutral” rating in a report on Monday. Susquehanna Bancshares Inc lowered shares of Cimarex Energy from a “positive” rating to a “neutral” rating in a report on Monday. Finally, SunTrust Banks, Inc. lifted their target price on shares of Cimarex Energy to $127.00 and gave the stock a “hold” rating in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $135.81.
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Cimarex Energy Co (NYSE XEC) traded down $4.35 during trading on Wednesday, hitting $117.52. 1,495,500 shares of the stock traded hands, compared to its average volume of 1,069,091. The firm has a market cap of $11,609.45, a price-to-earnings ratio of 32.07 and a beta of 1.35. Cimarex Energy Co has a one year low of $89.49 and a one year high of $146.96. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.62.
Cimarex Energy (NYSE:XEC) last released its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.12. The company had revenue of $463.68 million for the quarter, compared to analyst estimates of $451.53 million. Cimarex Energy had a net margin of 20.45% and a return on equity of 16.11%. Cimarex Energy’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. sell-side analysts anticipate that Cimarex Energy Co will post 4.31 earnings per share for the current fiscal year.
The company also recently disclosed 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 is Tuesday, November 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. Cimarex Energy’s dividend payout ratio is presently 8.51%.
In other news, Director Harold R. Logan, Jr. sold 913 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $105.83, for a total transaction of $96,622.79. Following 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 the SEC website. Also, VP Stephen P. Bell sold 2,500 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $102.54, for a total transaction of $256,350.00. The disclosure for this sale can be found here. Insiders have sold a total of 26,107 shares of company stock worth $2,918,092 over the last 90 days. 1.70% of the stock is owned by company insiders.
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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