Icon Advisers Inc. Co. Boosts Holdings in Cimarex Energy Co (XEC)
Icon Advisers Inc. Co. boosted its holdings in shares of Cimarex Energy Co (NYSE:XEC) by 14.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 201,000 shares of the oil and gas producer’s stock after purchasing an additional 25,800 shares during the quarter. Cimarex Energy makes up approximately 1.6% of Icon Advisers Inc. Co.’s holdings, making the stock its 4th largest holding. Icon Advisers Inc. Co. owned about 0.21% of Cimarex Energy worth $22,848,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. State of Alaska Department of Revenue increased 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 worth $134,000 after purchasing an additional 10 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Cimarex Energy by 0.4% during the 2nd quarter. Fisher Asset Management LLC now owns 3,013 shares of the oil and gas producer’s stock worth $283,000 after purchasing an additional 13 shares during the last quarter. ING Groep NV increased its holdings in Cimarex Energy by 0.3% during the 2nd quarter. ING Groep NV now owns 4,878 shares of the oil and gas producer’s stock worth $459,000 after purchasing an additional 17 shares during the last quarter. Advisor Group Inc. increased 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 worth $113,000 after purchasing an additional 60 shares during the last quarter. Finally, Virtu KCG Holdings LLC increased its holdings in Cimarex Energy by 0.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 15,740 shares of the oil and gas producer’s stock worth $1,480,000 after purchasing an additional 96 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.
Several equities research analysts have issued reports on the company. Jefferies Group LLC set a $115.00 price objective on Cimarex Energy and gave the stock a “hold” rating in a report on Thursday, November 16th. Capital One Financial Corporation restated an “overweight” rating on shares of Cimarex Energy in a report on Wednesday, November 8th. Barclays PLC lifted their price objective on Cimarex Energy from $117.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Imperial Capital assumed coverage on Cimarex Energy in a report on Tuesday, September 19th. They set an “outperform” rating and a $135.00 price objective on the stock. Finally, KeyCorp restated a “buy” rating and set a $130.00 price objective on shares of Cimarex Energy in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the stock. Cimarex Energy has an average rating of “Buy” and a consensus price target of $137.05.
In other Cimarex Energy news, VP Stephen P. Bell sold 2,500 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $102.54, for a total transaction of $256,350.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Krista L. Johnson sold 5,341 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $116.46, for a total value of $622,012.86. Following the transaction, the vice president now owns 42,938 shares of the company’s stock, valued at approximately $5,000,559.48. The disclosure for this sale can be found here. Insiders have sold a total of 28,698 shares of company stock valued at $3,267,800 in the last quarter. 1.70% of the stock is currently owned by insiders.
Shares of Cimarex Energy Co (NYSE:XEC) traded up $0.44 during mid-day trading on Wednesday, reaching $115.40. The company’s stock had a trading volume of 168,858 shares, compared to its average volume of 1,061,771. 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 Co has a one year low of $89.49 and a one year high of $146.96. The firm has a market cap of $10,981.68, a price-to-earnings ratio of 30.34 and a beta of 1.35.
Cimarex Energy (NYSE:XEC) last announced its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 analyst estimates of $451.53 million. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 38.1% on a year-over-year basis. analysts predict that Cimarex Energy Co will post 4.33 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. Cimarex Energy’s dividend payout ratio (DPR) is presently 8.51%.
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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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