Meiji Yasuda Asset Management Co Ltd. trimmed its position in Cimarex Energy Co (NYSE:XEC) by 9.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,729 shares of the oil and gas producer’s stock after selling 470 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Cimarex Energy were worth $538,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in XEC. Turner Investments LLC purchased a new position in Cimarex Energy in the second quarter worth about $100,000. Advisor Group Inc. boosted its position 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 worth $113,000 after purchasing an additional 60 shares during the last quarter. Global X Management Co. LLC boosted its position 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 worth $119,000 after purchasing an additional 162 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Cimarex Energy by 0.7% in the second quarter. State of Alaska Department of Revenue now owns 1,427 shares of the oil and gas producer’s stock worth $134,000 after purchasing an additional 10 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position 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 worth $182,000 after purchasing an additional 148 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

In other Cimarex Energy news, VP Krista L. Johnson sold 5,341 shares of Cimarex Energy stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $116.46, for a total value of $622,012.86. Following the sale, the vice president now owns 42,938 shares of the company’s stock, valued at approximately $5,000,559.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Joseph R. Albi sold 1,750 shares of Cimarex Energy stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $114.78, for a total value of $200,865.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,448 shares of company stock worth $3,468,665. Corporate insiders own 1.70% of the company’s stock.

Several research analysts have issued reports on XEC shares. Morgan Stanley raised their target price on Cimarex Energy from $138.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Stifel Nicolaus set a $168.00 target price on Cimarex Energy and gave the stock a “buy” rating in a research report on Thursday, October 5th. KeyCorp reissued a “buy” rating and issued a $130.00 target price on shares of Cimarex Energy in a research report on Friday, October 20th. Piper Jaffray Companies dropped their target price on Cimarex Energy from $141.00 to $116.00 and set a “neutral” rating on the stock in a research report on Monday, September 18th. Finally, BidaskClub raised Cimarex Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $137.14.

Cimarex Energy Co (XEC) traded up $0.45 during midday trading on Friday, reaching $115.41. The company had a trading volume of 448,600 shares, compared to its average volume of 1,059,058. 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 Co has a one year low of $89.49 and a one year high of $146.96. The stock has a market cap of $10,994.06, a PE ratio of 30.37 and a beta of 1.35.

Cimarex Energy (NYSE:XEC) last released its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.12. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The business had revenue of $463.68 million for the quarter, compared to the consensus estimate of $451.53 million. During the same quarter in the previous year, the company posted $0.53 EPS. The company’s revenue was up 38.1% compared to the same quarter last year. sell-side analysts predict that Cimarex Energy Co will post 4.34 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Tuesday, November 14th. Cimarex Energy’s payout ratio is 8.51%.

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

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