Hsbc Holdings PLC lessened its position in shares of Cimarex Energy Co (NYSE:XEC) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,183 shares of the oil and gas producer’s stock after selling 3,980 shares during the quarter. Hsbc Holdings PLC owned about 0.07% of Cimarex Energy worth $3,894,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Cimarex Energy in the 4th quarter worth approximately $26,000. First Bank & Trust purchased a new position in shares of Cimarex Energy in the 4th quarter worth approximately $28,000. Huntington National Bank boosted its holdings in shares of Cimarex Energy by 948.3% in the 4th quarter. Huntington National Bank now owns 629 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 569 shares during the period. Bremer Trust National Association purchased a new position in shares of Cimarex Energy in the 4th quarter worth approximately $43,000. Finally, Ipswich Investment Management Co. Inc. purchased a new position in shares of Cimarex Energy in the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 99.60% of the company’s stock.

Shares of XEC stock opened at $70.06 on Friday. Cimarex Energy Co has a 52-week low of $55.62 and a 52-week high of $103.91. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.01 and a quick ratio of 1.93. The company has a market cap of $6.71 billion, a P/E ratio of 9.47 and a beta of 1.34.

Cimarex Energy (NYSE:XEC) last issued its quarterly earnings results on Wednesday, February 20th. The oil and gas producer reported $1.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.23. Cimarex Energy had a return on equity of 23.51% and a net margin of 33.85%. The firm had revenue of $624.10 million during the quarter, compared to analyst estimates of $620.20 million. During the same period last year, the company earned $1.47 EPS. Cimarex Energy’s quarterly revenue was up 13.3% compared to the same quarter last year. Research analysts expect that Cimarex Energy Co will post 5.73 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, May 14th. This is a positive change from Cimarex Energy’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 1.14%. Cimarex Energy’s payout ratio is 9.73%.

A number of brokerages have recently commented on XEC. Evercore ISI cut Cimarex Energy from an “outperform” rating to an “in-line” rating in a report on Tuesday, March 12th. Morgan Stanley set a $101.00 target price on Cimarex Energy and gave the stock a “buy” rating in a report on Friday, February 22nd. Imperial Capital reiterated an “outperform” rating and issued a $83.00 target price (up previously from $79.00) on shares of Cimarex Energy in a report on Friday, February 22nd. Susquehanna Bancshares cut Cimarex Energy from a “positive” rating to a “neutral” rating in a report on Monday, February 11th. Finally, Ifs Securities reiterated a “market perform” rating on shares of Cimarex Energy in a report on Sunday, February 3rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $108.42.

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Cimarex Energy Company Profile

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.

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

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