Gabelli Funds LLC decreased its position in shares of Cimarex Energy Co (NYSE:XEC) by 22.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,600 shares of the oil and gas producer’s stock after selling 7,000 shares during the period. Gabelli Funds LLC’s holdings in Cimarex Energy were worth $3,001,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its position in 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 worth $113,000 after acquiring an additional 60 shares during the last quarter. LMR Partners LLP acquired a new position in Cimarex Energy during the 4th quarter worth $200,000. Eagle Ridge Investment Management acquired a new position in Cimarex Energy during the 4th quarter worth $204,000. Capital Advisors Inc. OK acquired a new position in Cimarex Energy during the 4th quarter worth $205,000. Finally, Meeder Asset Management Inc. acquired a new position in Cimarex Energy during the 3rd quarter worth $206,000. 93.28% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Lisa A. Stewart acquired 248 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were purchased at an average cost of $112.06 per share, with a total value of $27,790.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas E. Jorden sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $113.14, for a total transaction of $565,700.00. The disclosure for this sale can be found here. Insiders have sold 22,820 shares of company stock worth $2,622,880 over the last ninety days. Insiders own 1.70% of the company’s stock.

A number of brokerages have recently commented on XEC. Morgan Stanley cut their price objective on shares of Cimarex Energy from $168.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday, February 7th. SunTrust Banks raised shares of Cimarex Energy from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Tuesday, February 6th. Deutsche Bank began coverage on shares of Cimarex Energy in a research report on Thursday, February 1st. They set a “buy” rating and a $164.00 price objective for the company. Stifel Nicolaus set a $188.00 price objective on shares of Cimarex Energy and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, Jefferies Group set a $122.00 price objective on shares of Cimarex Energy and gave the company a “hold” rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the stock. Cimarex Energy has a consensus rating of “Buy” and a consensus price target of $141.38.

Shares of Cimarex Energy Co (NYSE:XEC) opened at $100.90 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.42 and a current ratio of 1.51. The firm has a market cap of $9,610.00, a PE ratio of 25.23 and a beta of 1.14. Cimarex Energy Co has a 52 week low of $89.49 and a 52 week high of $136.31.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.32 annualized dividend and a yield of 0.32%. Cimarex Energy’s dividend payout ratio is 8.00%.

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

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