Cimarex Energy Co (NYSE:XEC) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 1,673,862 shares, a decline of 34.0% from the November 15th total of 2,534,880 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 644,479 shares, the short-interest ratio is presently 2.6 days.

Several research firms have issued reports on XEC. Jefferies Group set a $115.00 price target on shares of Cimarex Energy and gave the stock a “hold” rating in a report on Thursday, November 16th. Capital One Financial reaffirmed an “overweight” rating on shares of Cimarex Energy in a report on Wednesday, November 8th. Scotiabank set a $143.00 price target on shares of Cimarex Energy and gave the stock a “buy” rating in a report on Saturday, November 25th. Robert W. Baird began coverage on shares of Cimarex Energy in a report on Tuesday. They issued an “outperform” rating and a $137.00 price target on the stock. Finally, KeyCorp reaffirmed a “buy” rating and issued a $130.00 price target on shares of Cimarex Energy in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the stock. Cimarex Energy has a consensus rating of “Buy” and an average target price of $136.62.

Shares of Cimarex Energy (XEC) opened at $113.05 on Wednesday. The firm has a market cap of $10,700.66, a price-to-earnings ratio of 29.56 and a beta of 1.34. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62. Cimarex Energy has a 1-year low of $89.49 and a 1-year high of $144.30.

Cimarex Energy (NYSE:XEC) last announced its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.12. The firm had revenue of $463.68 million for the quarter, compared to analyst estimates of $451.53 million. Cimarex Energy had a net margin of 20.45% and a return on equity of 16.11%. The business’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share. analysts predict that Cimarex Energy will post 4.36 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Wednesday, February 14th. Cimarex Energy’s dividend payout ratio (DPR) is presently 8.51%.

In other Cimarex Energy news, VP Stephen P. Bell sold 3,696 shares of Cimarex Energy stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $125.11, for a total value of $462,406.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Thomas E. Jorden sold 2,500 shares of Cimarex Energy stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $125.10, for a total transaction of $312,750.00. The disclosure for this sale can be found here. Insiders sold 29,764 shares of company stock valued at $3,496,934 in the last three months. 1.70% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in XEC. Turner Investments LLC purchased a new stake in Cimarex Energy in the second quarter valued at $100,000. Advisor Group Inc. boosted its holdings in Cimarex Energy by 5.3% in the second quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock valued at $113,000 after purchasing an additional 60 shares during the last quarter. Global X Management Co. LLC boosted its holdings in Cimarex Energy by 14.7% in the second quarter. Global X Management Co. LLC now owns 1,265 shares of the oil and gas producer’s stock valued at $119,000 after purchasing an additional 162 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Cimarex Energy by 8.3% in the second quarter. Pacer Advisors Inc. now owns 1,935 shares of the oil and gas producer’s stock valued at $182,000 after purchasing an additional 148 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Cimarex Energy in the third quarter valued at $206,000. 92.03% of the stock is currently owned by hedge funds and other institutional investors.

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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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