Colony Group LLC Buys 6,177 Shares of Cimarex Energy Co (XEC)
Colony Group LLC increased its stake in Cimarex Energy Co (NYSE:XEC) by 38.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,154 shares of the oil and gas producer’s stock after purchasing an additional 6,177 shares during the quarter. Colony Group LLC’s holdings in Cimarex Energy were worth $2,518,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its stake in Cimarex Energy by 13.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 4,736 shares of the oil and gas producer’s stock worth $445,000 after buying an additional 553 shares in the last quarter. Global X Management Co. LLC increased its stake in Cimarex Energy by 14.7% in the 2nd quarter. Global X Management Co. LLC now owns 1,265 shares of the oil and gas producer’s stock worth $119,000 after buying an additional 162 shares in the last quarter. Cigna Investments Inc. New increased its stake in Cimarex Energy by 18.9% in the 2nd quarter. Cigna Investments Inc. New now owns 4,723 shares of the oil and gas producer’s stock worth $444,000 after buying an additional 752 shares in the last quarter. Trexquant Investment LP increased its stake in Cimarex Energy by 85.0% in the 2nd quarter. Trexquant Investment LP now owns 3,700 shares of the oil and gas producer’s stock worth $348,000 after buying an additional 1,700 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Cimarex Energy by 55.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 145,820 shares of the oil and gas producer’s stock worth $13,709,000 after buying an additional 52,300 shares in the last quarter. 92.35% of the stock is currently owned by institutional investors.
A number of equities research analysts have issued reports on XEC shares. KeyCorp reiterated a “buy” rating and issued a $130.00 price target on shares of Cimarex Energy in a research note on Friday, October 20th. Williams Capital increased their price target on Cimarex Energy from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Citigroup reiterated a “buy” rating and issued a $120.00 price target on shares of Cimarex Energy in a research note on Friday, October 13th. Stifel Nicolaus set a $168.00 price target on Cimarex Energy and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, Cowen set a $135.00 price objective on Cimarex Energy and gave the company a “buy” rating in a research report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Cimarex Energy has an average rating of “Buy” and an average target price of $136.60.
In related news, VP Krista L. Johnson sold 2,229 shares of Cimarex Energy stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $112.50, for a total value of $250,762.50. Following the completion of the transaction, the vice president now owns 62,238 shares in the company, valued at $7,001,775. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Harold R. Logan, Jr. sold 913 shares of Cimarex Energy stock in a transaction dated Friday, September 15th. The stock was 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 owns 9,299 shares of the company’s stock, valued at approximately $984,113.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,677 shares of company stock valued at $2,988,357. 1.70% of the stock is currently owned by company insiders.
Shares of Cimarex Energy Co (NYSE XEC) traded down $0.29 during trading on Thursday, hitting $113.28. The stock had a trading volume of 1,174,200 shares, compared to its average volume of 1,044,806. The stock has a market capitalization of $10,818.78, a price-to-earnings ratio of 29.89 and a beta of 1.34. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62. Cimarex Energy Co has a 52-week low of $89.49 and a 52-week high of $144.30.
Cimarex Energy (NYSE:XEC) last released its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.12. The company had revenue of $463.68 million during the quarter, compared to analyst estimates of $451.53 million. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The firm’s revenue was up 38.1% on a year-over-year basis. During the same quarter last year, the business posted $0.53 earnings per share. sell-side analysts forecast that Cimarex Energy Co will post 4.35 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a $0.08 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.32 annualized dividend and a yield of 0.28%. Cimarex Energy’s dividend payout ratio is currently 8.51%.
Cimarex Energy Company 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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