Cimarex Energy Co (XEC) Shares Sold by Nikko Asset Management Americas Inc.
Nikko Asset Management Americas Inc. decreased its stake in shares of Cimarex Energy Co (NYSE:XEC) by 90.5% during the third quarter, Holdings Channel reports. The firm owned 3,800 shares of the company’s stock after selling 36,400 shares during the period. Nikko Asset Management Americas Inc.’s holdings in Cimarex Energy were worth $511,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd bought a new stake in Cimarex Energy during the second quarter valued at approximately $131,000. MU Investments Co. Ltd. acquired a new position in shares of Cimarex Energy during the third quarter valued at $144,000. Mizuho Asset Management Co. Ltd. raised its position in shares of Cimarex Energy by 96.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,234 shares of the company’s stock valued at $147,000 after buying an additional 606 shares in the last quarter. Euclid Advisors LLC acquired a new position in shares of Cimarex Energy during the second quarter valued at $167,000. Finally, BOKF NA acquired a new position in shares of Cimarex Energy during the second quarter valued at $178,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cimarex Energy Co (NYSE:XEC) traded up 0.58% during mid-day trading on Friday, hitting $139.65. 839,319 shares of the company traded hands. The stock’s market capitalization is $13.26 billion. The firm has a 50-day moving average of $137.73 and a 200-day moving average of $130.05. Cimarex Energy Co has a one year low of $72.77 and a one year high of $146.96.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.23%. Cimarex Energy’s dividend payout ratio (DPR) is -2.70%.
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Several brokerages recently weighed in on XEC. J P Morgan Chase & Co upgraded shares of Cimarex Energy from a “neutral” rating to an “overweight” rating and set a $150.00 price objective on the stock in a report on Thursday, December 8th. Iberia Capital began coverage on shares of Cimarex Energy in a report on Thursday. They issued an “outperform” rating and a $160.00 price objective on the stock. Wells Fargo & Company lowered shares of Cimarex Energy from an “outperform” rating to a “market perform” rating in a report on Friday, December 16th. Goldman Sachs Group, Inc. (The) upgraded shares of Cimarex Energy from a “neutral” rating to a “buy” rating in a report on Friday, December 16th. Finally, Jefferies Group set a $116.00 target price on shares of Cimarex Energy and gave the stock a “sell” rating in a report on Tuesday, October 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the stock. Cimarex Energy has a consensus rating of “Buy” and a consensus target price of $132.82.
In other Cimarex Energy news, SVP Francis Brian Barron sold 2,000 shares of the business’s stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $138.86, for a total value of $277,720.00. Following the completion of the transaction, the senior vice president now owns 66,039 shares of the company’s stock, valued at approximately $9,170,175.54. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Joseph R. Albi sold 1,500 shares of the business’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $121.04, for a total value of $181,560.00. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.
Cimarex Energy Company Profile
Cimarex Energy Co is an independent oil and gas exploration and production company. The Company’s segment is exploration and production. Its operations are located mainly in Oklahoma, Texas and New Mexico. Its operations are focused in approximately two main areas, such as the Permian Basin and the Mid-Continent region.
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