Thomas E. Jorden Sells 2,500 Shares of Cimarex Energy Co (XEC) Stock
Cimarex Energy Co (NYSE:XEC) CEO Thomas E. Jorden sold 2,500 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $101.67, for a total transaction of $254,175.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Thomas E. Jorden also recently made the following trade(s):
- On Wednesday, May 17th, Thomas E. Jorden sold 2,500 shares of Cimarex Energy stock. The shares were sold at an average price of $116.40, for a total transaction of $291,000.00.
Cimarex Energy Co (XEC) traded down 0.18% on Friday, reaching $97.52. 823,025 shares of the company’s stock were exchanged. The company has a market cap of $9.11 billion, a price-to-earnings ratio of 34.95 and a beta of 1.32. Cimarex Energy Co has a 52 week low of $89.49 and a 52 week high of $146.96. The stock’s 50 day moving average is $94.88 and its 200 day moving average is $113.13.
Cimarex Energy (NYSE:XEC) last released its earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.11. The firm had revenue of $456.50 million for the quarter, compared to analysts’ expectations of $441.52 million. Cimarex Energy had a return on equity of 13.29% and a net margin of 15.64%. The business’s revenue for the quarter was up 52.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 earnings per share. On average, equities analysts anticipate that Cimarex Energy Co will post $4.12 earnings per share for the current year.
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XEC has been the topic of several analyst reports. BMO Capital Markets set a $150.00 price target on shares of Cimarex Energy and gave the company a “buy” rating in a report on Monday, May 15th. Williams Capital raised shares of Cimarex Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $148.00 to $160.00 in a report on Monday, May 15th. They noted that the move was a valuation call. KLR Group reissued a “buy” rating and issued a $151.00 price target (up previously from $149.00) on shares of Cimarex Energy in a report on Wednesday, May 17th. Citigroup Inc. reissued a “buy” rating and issued a $166.00 price target (up previously from $164.00) on shares of Cimarex Energy in a report on Saturday, April 22nd. Finally, FBR & Co set a $141.00 price target on shares of Cimarex Energy and gave the company a “buy” rating in a report on Thursday, May 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. Cimarex Energy has an average rating of “Hold” and an average target price of $136.95.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Cimarex Energy by 3,127.3% in the first quarter. BlackRock Inc. now owns 7,141,421 shares of the oil and gas producer’s stock valued at $853,329,000 after buying an additional 6,920,140 shares during the period. Principal Financial Group Inc. boosted its stake in Cimarex Energy by 968.7% in the second quarter. Principal Financial Group Inc. now owns 1,544,775 shares of the oil and gas producer’s stock valued at $145,224,000 after buying an additional 1,400,223 shares during the period. Lazard Asset Management LLC boosted its stake in Cimarex Energy by 1,366.3% in the first quarter. Lazard Asset Management LLC now owns 890,780 shares of the oil and gas producer’s stock valued at $106,439,000 after buying an additional 830,028 shares during the period. Boston Partners boosted its stake in Cimarex Energy by 109.3% in the first quarter. Boston Partners now owns 1,447,104 shares of the oil and gas producer’s stock valued at $172,915,000 after buying an additional 755,553 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its stake in Cimarex Energy by 15.0% in the first quarter. Diamond Hill Capital Management Inc. now owns 3,755,729 shares of the oil and gas producer’s stock valued at $448,772,000 after buying an additional 489,278 shares during the period. Institutional investors own 93.07% of the company’s stock.
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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