Cimarex Energy Co (XEC) Position Lifted by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can increased its holdings in Cimarex Energy Co (NYSE:XEC) by 16.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 93,385 shares of the oil and gas producer’s stock after acquiring an additional 13,069 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.10% of Cimarex Energy worth $10,651,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Turner Investments LLC bought a new stake in Cimarex Energy in the second quarter valued at about $100,000. Advisor Group Inc. increased its holdings in Cimarex Energy by 5.3% in the second quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock valued at $113,000 after buying an additional 60 shares during the last quarter. Global X Management Co. LLC increased its holdings in Cimarex Energy by 14.7% in the second quarter. Global X Management Co. LLC now owns 1,265 shares of the oil and gas producer’s stock valued at $119,000 after buying an additional 162 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Cimarex Energy by 0.7% in the second 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 buying an additional 10 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Cimarex Energy in the third quarter valued at about $206,000. Institutional investors and hedge funds own 92.35% of the company’s stock.
Several brokerages recently weighed in on XEC. Williams Capital reissued a “buy” rating and issued a $136.00 price objective on shares of Cimarex Energy in a report on Wednesday, August 9th. Scotiabank set a $143.00 price objective on Cimarex Energy and gave the company a “buy” rating in a report on Saturday, November 25th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $118.00 target price on shares of Cimarex Energy in a report on Friday, November 24th. Barclays upped their target price on Cimarex Energy from $112.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, August 15th. Finally, BidaskClub lowered Cimarex Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $137.14.
Shares of Cimarex Energy Co (XEC) traded down $4.09 during mid-day trading on Tuesday, reaching $112.80. The company had a trading volume of 961,900 shares, compared to its average volume of 1,049,595. Cimarex Energy Co has a 1-year low of $89.49 and a 1-year high of $146.96. The company has a market cap of $11,135.05, a price-to-earnings ratio of 30.76 and a beta of 1.34. 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 (NYSE:XEC) last issued its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share (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 business had revenue of $463.68 million during the quarter, compared to analyst estimates of $451.53 million. During the same period in the prior year, the company posted $0.53 EPS. The business’s revenue for the quarter was up 38.1% compared to the same quarter last year. sell-side analysts forecast that Cimarex Energy Co will post 4.35 EPS for the current fiscal year.
In other Cimarex Energy news, CEO Thomas E. Jorden sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $125.10, for a total value of $312,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joseph R. Albi sold 1,750 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $114.78, for a total value of $200,865.00. The disclosure for this sale can be found here. Insiders sold a total of 27,948 shares of company stock valued at $3,212,315 over the last three months. Corporate insiders own 1.70% of the company’s stock.
Cimarex Energy Profile
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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