Aviva PLC decreased its stake in shares of Cimarex Energy Co (NYSE:XEC) by 4.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 45,423 shares of the oil and gas producer’s stock after selling 1,957 shares during the period. Aviva PLC’s holdings in Cimarex Energy were worth $4,222,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC acquired a new stake in shares of Cimarex Energy during the 2nd quarter worth approximately $115,000. JNBA Financial Advisors acquired a new stake in shares of Cimarex Energy during the 3rd quarter worth approximately $143,000. Point72 Hong Kong Ltd acquired a new stake in shares of Cimarex Energy during the 2nd quarter worth approximately $161,000. Eagle Boston Investment Management Inc. acquired a new stake in shares of Cimarex Energy during the 2nd quarter worth approximately $204,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Cimarex Energy during the 3rd quarter worth approximately $235,000. 98.53% of the stock is owned by institutional investors.

XEC opened at $75.22 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.62 and a debt-to-equity ratio of 0.49. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 16.18 and a beta of 1.10. Cimarex Energy Co has a 1 year low of $73.01 and a 1 year high of $130.16.

Cimarex Energy (NYSE:XEC) last posted its quarterly earnings data on Tuesday, November 6th. The oil and gas producer reported $1.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.47. The firm had revenue of $591.50 million for the quarter, compared to the consensus estimate of $561.67 million. Cimarex Energy had a net margin of 28.70% and a return on equity of 23.33%. The business’s revenue for the quarter was up 27.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.09 EPS. On average, analysts expect that Cimarex Energy Co will post 7.14 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.96%. Cimarex Energy’s dividend payout ratio is 15.48%.

XEC has been the subject of several research reports. Wolfe Research raised shares of Cimarex Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 17th. Imperial Capital reissued an “in-line” rating on shares of Cimarex Energy in a research report on Tuesday, November 20th. Williams Capital set a $129.00 price target on shares of Cimarex Energy and gave the company a “buy” rating in a research report on Wednesday, November 7th. ValuEngine raised shares of Cimarex Energy from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 9th. Finally, Morgan Stanley reduced their price target on shares of Cimarex Energy from $123.00 to $118.00 and set a “buy” rating for the company in a research report on Wednesday, September 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $123.90.

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About Cimarex Energy

Cimarex Energy Co operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2017, it had a total proved oil and gas reserves of 3.35 trillion cubic feet equivalent (Tcfe) consisting of 1.61 trillion cubic feet of natural gas, 0.82 Tcfe of oil, and 0.92 Tcfe of natural gas liquids primarily located in the Mid-Continent and Permian Basin regions.

Read More: Compound Annual Growth Rate (CAGR)

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Institutional Ownership by Quarter for Cimarex Energy (NYSE:XEC)

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