Cimarex Energy Co (XEC) Shares Bought by Aperio Group LLC
Aperio Group LLC raised its holdings in Cimarex Energy Co (NYSE:XEC) by 68.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,414 shares of the oil and gas producer’s stock after purchasing an additional 19,343 shares during the quarter. Aperio Group LLC owned 0.05% of Cimarex Energy worth $5,390,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Cimarex Energy by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 9,899,309 shares of the oil and gas producer’s stock valued at $930,634,000 after purchasing an additional 64,420 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Cimarex Energy by 5.2% during the 2nd quarter. BlackRock Inc. now owns 7,512,811 shares of the oil and gas producer’s stock valued at $706,278,000 after acquiring an additional 371,390 shares in the last quarter. State Street Corp boosted its holdings in shares of Cimarex Energy by 3.0% during the 2nd quarter. State Street Corp now owns 5,458,745 shares of the oil and gas producer’s stock valued at $513,162,000 after acquiring an additional 157,612 shares in the last quarter. FMR LLC boosted 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 valued at $397,166,000 after acquiring an additional 59,537 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its holdings in shares of Cimarex Energy by 8.2% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 4,063,310 shares of the oil and gas producer’s stock valued at $381,992,000 after acquiring an additional 307,581 shares in the last quarter. 90.85% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on XEC shares. Citigroup Inc. cut their price objective on Cimarex Energy from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Stifel Nicolaus reissued a “buy” rating and set a $169.00 price objective on shares of Cimarex Energy in a report on Friday, July 14th. Williams Capital reissued a “buy” rating and set a $136.00 price objective on shares of Cimarex Energy in a report on Wednesday, August 9th. Cowen and Company set a $135.00 price objective on Cimarex Energy and gave the company a “buy” rating in a report on Friday, August 25th. Finally, KeyCorp reissued a “buy” rating and set a $130.00 price objective on shares of Cimarex Energy in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $135.62.
Cimarex Energy Co (XEC) opened at $125.37 on Tuesday. Cimarex Energy Co has a 12-month low of $89.49 and a 12-month high of $146.96. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.76 and a quick ratio of 1.68. The firm has a market capitalization of $11,674.42, a PE ratio of 39.27 and a beta of 1.35.
Cimarex Energy (NYSE:XEC) last issued its earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.11. Cimarex Energy had a return on equity of 13.29% and a net margin of 15.64%. The business had revenue of $456.50 million during the quarter, compared to analyst estimates of $441.52 million. During the same period in the previous year, the company posted $0.07 EPS. The firm’s revenue was up 52.7% compared to the same quarter last year. research analysts predict that Cimarex Energy Co will post 4.3 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Tuesday, November 14th. Cimarex Energy’s payout ratio is 12.03%.
In related news, CEO Thomas E. Jorden sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $101.67, for a total value of $254,175.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Joseph R. Albi sold 2,000 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $106.16, for a total value of $212,320.00. The disclosure for this sale can be found here. Insiders sold a total of 21,299 shares of company stock valued at $2,204,271 over the last ninety days. 1.70% of the stock is currently owned by corporate insiders.
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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