Cimarex Energy Co (XEC) Holdings Increased by Tredje AP fonden
Tredje AP fonden boosted its position in Cimarex Energy Co (NYSE:XEC) by 73.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,560 shares of the oil and gas producer’s stock after purchasing an additional 2,770 shares during the quarter. Tredje AP fonden’s holdings in Cimarex Energy were worth $746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Turner Investments LLC purchased a new stake in shares of Cimarex Energy during the 2nd quarter valued at $100,000. Advisor Group Inc. raised its position in shares of Cimarex Energy by 5.3% during the 2nd quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock valued at $113,000 after buying an additional 60 shares in the last quarter. Global X Management Co. LLC raised its position in shares of Cimarex Energy by 14.7% during the 2nd quarter. Global X Management Co. LLC now owns 1,265 shares of the oil and gas producer’s stock valued at $119,000 after buying an additional 162 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Cimarex Energy by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 1,935 shares of the oil and gas producer’s stock valued at $182,000 after buying an additional 148 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Cimarex Energy during the 3rd quarter valued at $206,000. Institutional investors and hedge funds own 92.35% of the company’s stock.
In related news, Director Lisa A. Stewart bought 248 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was purchased at an average cost of $112.06 per share, with a total value of $27,790.88. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Harold R. Logan, Jr. sold 913 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $105.83, for a total transaction of $96,622.79. Following the completion of the sale, the director now directly owns 9,299 shares of the company’s stock, valued at $984,113.17. The disclosure for this sale can be found here. In the last three months, insiders sold 27,948 shares of company stock worth $3,212,315. Insiders own 1.70% of the company’s stock.
Shares of Cimarex Energy Co (NYSE:XEC) traded up $1.05 during trading on Friday, reaching $111.90. 827,256 shares of the company’s stock were exchanged, compared to its average volume of 739,447. The company has a market cap of $10,659.71, a price-to-earnings ratio of 29.45 and a beta of 1.34. Cimarex Energy Co has a 1-year low of $89.49 and a 1-year high of $146.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.42 and a current ratio of 1.51.
Cimarex Energy (NYSE:XEC) last announced its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.12. The business 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%. The company’s revenue was up 38.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. sell-side analysts expect that Cimarex Energy Co will post 4.35 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.29%. Cimarex Energy’s dividend payout ratio (DPR) is presently 8.51%.
Several research firms have recently weighed in on XEC. KeyCorp restated a “buy” rating on shares of Cimarex Energy in a research report on Wednesday, November 8th. Capital One Financial restated an “overweight” rating on shares of Cimarex Energy in a research report on Wednesday, November 8th. UBS cut shares of Cimarex Energy from a “positive” rating to a “neutral” rating in a research report on Monday, November 13th. Susquehanna Bancshares cut shares of Cimarex Energy from a “positive” rating to a “neutral” rating in a research report on Monday, November 13th. Finally, SunTrust Banks increased their target price on shares of Cimarex Energy to $127.00 and gave the company a “hold” rating in a report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $136.50.
About Cimarex Energy
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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