Cimarex Energy Co (XEC) Holdings Trimmed by M&T Bank Corp
M&T Bank Corp trimmed its position in Cimarex Energy Co (NYSE:XEC) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,073 shares of the oil and gas producer’s stock after selling 25 shares during the quarter. M&T Bank Corp’s holdings in Cimarex Energy were worth $853,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. California Public Employees Retirement System grew its stake in shares of Cimarex Energy by 2.1% in the 2nd quarter. California Public Employees Retirement System now owns 183,100 shares of the oil and gas producer’s stock valued at $17,213,000 after buying an additional 3,800 shares during the period. FIL Ltd increased its holdings in shares of Cimarex Energy by 70.4% during the 2nd quarter. FIL Ltd now owns 214,537 shares of the oil and gas producer’s stock worth $20,169,000 after buying an additional 88,669 shares during the last quarter. TIAA FSB acquired a new stake in shares of Cimarex Energy during the 2nd quarter worth approximately $2,006,000. FMR LLC increased its holdings in shares of Cimarex Energy by 1.4% during the 2nd quarter. FMR LLC now owns 4,224,735 shares of the oil and gas producer’s stock worth $397,166,000 after buying an additional 59,537 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Cimarex Energy by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 9,899,309 shares of the oil and gas producer’s stock worth $930,634,000 after buying an additional 64,420 shares during the last quarter. Institutional investors own 90.25% of the company’s stock.
In related news, VP Joseph R. Albi sold 4,000 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $106.13, for a total transaction of $424,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas E. Jorden sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $101.67, for a total transaction of $254,175.00. The disclosure for this sale can be found here. Insiders have sold 21,299 shares of company stock worth $2,204,271 in the last quarter. Insiders own 1.70% of the company’s stock.
Shares of Cimarex Energy Co (NYSE:XEC) opened at 115.62 on Wednesday. The stock has a market capitalization of $10.80 billion, a P/E ratio of 41.41 and a beta of 1.35. The firm’s 50-day moving average price is $104.43 and its 200-day moving average price is $106.13. Cimarex Energy Co has a one year low of $89.49 and a one year high of $146.96.
Cimarex Energy (NYSE:XEC) last released its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.11. Cimarex Energy had a return on equity of 13.29% and a net margin of 15.64%. The firm had revenue of $456.50 million during the quarter, compared to analysts’ expectations of $441.52 million. During the same quarter in the prior year, the business earned $0.07 EPS. Cimarex Energy’s quarterly revenue was up 52.7% compared to the same quarter last year. Equities research analysts anticipate that Cimarex Energy Co will post $4.18 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. Cimarex Energy’s dividend payout ratio is currently 12.03%.
Several research analysts recently weighed in on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $119.00 price objective on shares of Cimarex Energy in a research report on Thursday, July 6th. Citigroup Inc. reduced their target price on Cimarex Energy from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, July 13th. Stifel Nicolaus restated a “buy” rating on shares of Cimarex Energy in a research report on Wednesday, June 28th. Wolfe Research lowered Cimarex Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 15th. Finally, Piper Jaffray Companies decreased their price target on Cimarex Energy from $141.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $134.19.
Cimarex Energy 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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