Cimarex Energy Co (XEC) CEO Sells $312,750.00 in Stock
Cimarex Energy Co (NYSE:XEC) CEO Thomas E. Jorden sold 2,500 shares of Cimarex Energy stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $125.10, for a total transaction of $312,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Cimarex Energy Co (XEC) opened at $125.05 on Friday. The firm has a market cap of $11,912.39, a PE ratio of 32.91 and a beta of 1.35. Cimarex Energy Co has a 52-week low of $89.49 and a 52-week high of $146.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.68 and a current ratio of 1.51.
Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.12. The firm had revenue of $463.68 million for the quarter, compared to analyst estimates of $451.53 million. Cimarex Energy had a net margin of 20.45% and a return on equity of 16.11%. Cimarex Energy’s quarterly revenue was up 38.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 earnings per share. analysts anticipate that Cimarex Energy Co will post 4.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Tuesday, November 14th. Cimarex Energy’s dividend payout ratio (DPR) is presently 8.51%.
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A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Cimarex Energy by 0.7% during the second quarter. Vanguard Group Inc. now owns 9,899,309 shares of the oil and gas producer’s stock worth $930,634,000 after purchasing an additional 64,420 shares during the period. BlackRock Inc. raised its stake in Cimarex Energy by 5.2% during the second quarter. BlackRock Inc. now owns 7,512,811 shares of the oil and gas producer’s stock worth $706,278,000 after purchasing an additional 371,390 shares during the period. State Street Corp raised its stake in Cimarex Energy by 3.0% during the second quarter. State Street Corp now owns 5,458,745 shares of the oil and gas producer’s stock worth $513,162,000 after purchasing an additional 157,612 shares during the period. FMR LLC raised its stake in Cimarex Energy by 1.4% during the second quarter. FMR LLC now owns 4,224,735 shares of the oil and gas producer’s stock worth $397,166,000 after purchasing an additional 59,537 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its stake in Cimarex Energy by 8.2% during the second quarter. Diamond Hill Capital Management Inc. now owns 4,063,310 shares of the oil and gas producer’s stock worth $381,992,000 after purchasing an additional 307,581 shares during the period. 90.85% of the stock is currently owned by institutional investors.
A number of research analysts have weighed in on XEC shares. KeyCorp reaffirmed a “buy” rating on shares of Cimarex Energy in a report on Wednesday. Morgan Stanley lifted their price objective on shares of Cimarex Energy from $138.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Williams Capital lifted their price objective on shares of Cimarex Energy from $132.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Stifel Nicolaus set a $168.00 price objective on shares of Cimarex Energy and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Cimarex Energy in a report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $135.81.
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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