Cimarex Energy Co (NYSE:XEC) Director Michael J/Co Sullivan sold 1,492 shares of the stock in a transaction on Friday, December 14th. The stock was sold at an average price of $70.22, for a total value of $104,768.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Cimarex Energy stock opened at $66.42 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 1.69 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $6.55 billion, a PE ratio of 14.28 and a beta of 1.10. Cimarex Energy Co has a fifty-two week low of $65.97 and a fifty-two week high of $130.16.

Cimarex Energy (NYSE:XEC) last announced its quarterly earnings data on Tuesday, November 6th. The oil and gas producer reported $1.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.47. The business had revenue of $591.50 million during the quarter, compared to analyst estimates of $561.67 million. Cimarex Energy had a return on equity of 23.33% and a net margin of 28.70%. The company’s revenue was up 27.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Equities analysts anticipate that Cimarex Energy Co will post 7.24 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be issued a $0.18 dividend. The ex-dividend date is Thursday, February 14th. This represents a $0.72 annualized dividend and a dividend yield of 1.08%. Cimarex Energy’s dividend payout ratio (DPR) is 15.48%.

Institutional investors have recently made changes to their positions in the company. Mount Yale Investment Advisors LLC acquired a new stake in shares of Cimarex Energy in the second quarter valued at $115,000. JNBA Financial Advisors acquired a new stake in shares of Cimarex Energy in the third quarter valued at $143,000. Point72 Hong Kong Ltd purchased a new stake in shares of Cimarex Energy during the second quarter valued at $161,000. Glenmede Trust Co. NA lifted its holdings in shares of Cimarex Energy by 2,358.0% during the third quarter. Glenmede Trust Co. NA now owns 2,458 shares of the oil and gas producer’s stock valued at $228,000 after purchasing an additional 2,358 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Cimarex Energy by 884.3% during the third quarter. Tower Research Capital LLC TRC now owns 2,500 shares of the oil and gas producer’s stock valued at $232,000 after purchasing an additional 2,246 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

XEC has been the subject of several recent analyst reports. Wolfe Research raised Cimarex Energy from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 17th. Imperial Capital reissued an “in-line” rating on shares of Cimarex Energy in a research note on Tuesday, November 20th. Williams Capital set a $129.00 price target on Cimarex Energy and gave the stock a “buy” rating in a research note on Wednesday, November 7th. ValuEngine raised Cimarex Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 9th. Finally, Morgan Stanley decreased their price target on Cimarex Energy from $123.00 to $118.00 and set a “buy” rating for the company in a research note on Wednesday, September 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $121.70.

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Cimarex Energy Company Profile

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.

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Insider Buying and Selling by Quarter for Cimarex Energy (NYSE:XEC)

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