Cimarex Energy Co (XEC) Shares Bought by State of Tennessee Treasury Department
State of Tennessee Treasury Department raised its holdings in Cimarex Energy Co (NYSE:XEC) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 33,860 shares of the oil and gas producer’s stock after acquiring an additional 1,029 shares during the period. State of Tennessee Treasury Department’s holdings in Cimarex Energy were worth $4,132,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of Cimarex Energy by 172.6% in the third quarter. Wells Fargo & Company MN now owns 1,352,468 shares of the oil and gas producer’s stock valued at $153,734,000 after purchasing an additional 856,274 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Cimarex Energy by 226.7% in the fourth quarter. American Century Companies Inc. now owns 879,814 shares of the oil and gas producer’s stock valued at $107,346,000 after purchasing an additional 610,508 shares in the last quarter. Caymus Capital Partners L.P. bought a new stake in shares of Cimarex Energy in the third quarter valued at about $61,666,000. Ameriprise Financial Inc. lifted its holdings in shares of Cimarex Energy by 41.8% in the third quarter. Ameriprise Financial Inc. now owns 1,623,569 shares of the oil and gas producer’s stock valued at $184,549,000 after purchasing an additional 478,543 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of Cimarex Energy by 28.0% in the fourth quarter. Boston Partners now owns 1,812,143 shares of the oil and gas producer’s stock valued at $221,100,000 after purchasing an additional 395,877 shares in the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.
Shares of Cimarex Energy Co (XEC) opened at $95.85 on Friday. Cimarex Energy Co has a twelve month low of $89.49 and a twelve month high of $130.16. The stock has a market capitalization of $9,130.00, a PE ratio of 21.11 and a beta of 1.24. The company has a current ratio of 1.38, a quick ratio of 1.42 and a debt-to-equity ratio of 0.58.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Thursday, March 15th will be paid a $0.16 dividend. This is a positive change from Cimarex Energy’s previous quarterly dividend of $0.08. The ex-dividend date is Monday, May 14th. This represents a $0.64 annualized dividend and a yield of 0.67%. Cimarex Energy’s dividend payout ratio is currently 7.05%.
A number of brokerages have recently commented on XEC. KLR Group upgraded Cimarex Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $138.00 to $142.00 in a report on Tuesday, February 20th. BMO Capital Markets cut their price target on Cimarex Energy to $125.00 and set an “outperform” rating on the stock in a report on Friday, February 16th. Jefferies Group set a $105.00 price target on Cimarex Energy and gave the company a “hold” rating in a report on Friday, February 16th. Imperial Capital boosted their price target on Cimarex Energy from $147.00 to $154.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Finally, Credit Suisse Group cut their price target on Cimarex Energy from $152.00 to $147.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have given a buy rating to the stock. Cimarex Energy has a consensus rating of “Buy” and an average target price of $139.71.
In other Cimarex Energy news, CEO Thomas E. Jorden sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $113.14, for a total value of $565,700.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lisa A. Stewart acquired 248 shares of the company’s stock in a transaction on Friday, December 8th. The stock was acquired at an average price of $112.06 per share, for a total transaction of $27,790.88. The disclosure for this purchase can be found here. Insiders sold 17,629 shares of company stock worth $1,985,861 in the last 90 days. Corporate insiders own 1.70% of the company’s stock.
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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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