Nomura Asset Management Co. Ltd. grew its position in Cimarex Energy Co (NYSE:XEC) by 16.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 14,595 shares of the oil and gas producer’s stock after acquiring an additional 2,020 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Cimarex Energy were worth $1,485,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in XEC. Boston Partners grew its holdings in shares of Cimarex Energy by 211.8% in the 2nd quarter. Boston Partners now owns 4,978,018 shares of the oil and gas producer’s stock valued at $506,463,000 after buying an additional 3,381,576 shares during the period. Diamond Hill Capital Management Inc. lifted its position in Cimarex Energy by 18.1% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 5,083,427 shares of the oil and gas producer’s stock valued at $475,300,000 after acquiring an additional 780,604 shares in the last quarter. American Century Companies Inc. lifted its position in Cimarex Energy by 77.7% in the 1st quarter. American Century Companies Inc. now owns 1,563,826 shares of the oil and gas producer’s stock valued at $146,218,000 after acquiring an additional 684,012 shares in the last quarter. Victory Capital Management Inc. lifted its position in Cimarex Energy by 57.6% in the 1st quarter. Victory Capital Management Inc. now owns 1,782,820 shares of the oil and gas producer’s stock valued at $166,694,000 after acquiring an additional 651,255 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. lifted its position in Cimarex Energy by 182.5% in the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 871,590 shares of the oil and gas producer’s stock valued at $81,493,000 after acquiring an additional 563,016 shares in the last quarter. 99.41% of the stock is owned by institutional investors.

Shares of NYSE:XEC opened at $82.37 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52. Cimarex Energy Co has a one year low of $80.53 and a one year high of $130.16. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 17.71 and a beta of 1.00.

Cimarex Energy (NYSE:XEC) last issued its quarterly earnings results on Tuesday, August 7th. The oil and gas producer reported $1.59 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.05). Cimarex Energy had a return on equity of 21.47% and a net margin of 27.75%. The business had revenue of $556.27 million for the quarter, compared to the consensus estimate of $557.26 million. equities analysts forecast that Cimarex Energy Co will post 7.02 EPS for the current fiscal year.

XEC has been the topic of several research reports. Morgan Stanley cut their price objective on shares of Cimarex Energy from $135.00 to $124.00 and set an “overweight” rating on the stock in a research report on Thursday, July 12th. Stifel Nicolaus set a $178.00 price objective on shares of Cimarex Energy and gave the company a “buy” rating in a research report on Thursday, July 19th. Robert W. Baird set a $136.00 price objective on shares of Cimarex Energy and gave the company a “buy” rating in a research report on Friday, May 25th. Williams Capital reaffirmed a “buy” rating and issued a $134.00 price objective on shares of Cimarex Energy in a research report on Wednesday, August 8th. Finally, Jefferies Financial Group set a $118.00 price objective on shares of Cimarex Energy and gave the company a “buy” rating in a research report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nineteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $132.57.

In other news, Director Lisa A. Stewart bought 722 shares of the company’s stock in a transaction dated Friday, June 1st. The shares were bought at an average cost of $89.98 per share, with a total value of $64,965.56. Following the acquisition, the director now owns 6,576 shares in the company, valued at $591,708.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joseph R. Albi sold 1,750 shares of the company’s stock in a transaction dated Wednesday, June 27th. The shares were sold at an average price of $100.10, for a total transaction of $175,175.00. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

About Cimarex Energy

Cimarex Energy Co operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2017, it had a total proved oil and gas reserves of 3.35 trillion cubic feet equivalent (Tcfe) consisting of 1.61 trillion cubic feet of natural gas, 0.82 Tcfe of oil, and 0.92 Tcfe of natural gas liquids primarily located in the Mid-Continent and Permian Basin regions.

Further Reading: Investing in Growth Stocks

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Institutional Ownership by Quarter for Cimarex Energy (NYSE:XEC)

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