Cimarex Energy Co (NYSE:XEC) was upgraded by TheStreet from a “d+” rating to a “c-” rating in a research note issued to investors on Wednesday.
Several other brokerages have also weighed in on XEC. KLR Group lowered shares of Cimarex Energy from an “accumulate” rating to a “hold” rating in a report on Friday, January 20th. J P Morgan Chase & Co upgraded shares of Cimarex Energy from a “neutral” rating to an “overweight” rating and set a $150.00 price objective on the stock in a report on Thursday, December 8th. Stifel Nicolaus increased their price objective on shares of Cimarex Energy from $155.00 to $170.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Nomura restated a “hold” rating and issued a $129.00 price objective on shares of Cimarex Energy in a report on Monday, November 7th. Finally, Jefferies Group LLC upgraded shares of Cimarex Energy from an “underperform” rating to a “hold” rating and set a $131.00 target price on the stock in a report on Tuesday, January 17th. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Cimarex Energy currently has an average rating of “Buy” and a consensus price target of $136.82.
Shares of Cimarex Energy (NYSE:XEC) traded down 1.12% during trading on Wednesday, reaching $131.57. The company had a trading volume of 613,470 shares. The firm’s 50 day moving average price is $136.35 and its 200 day moving average price is $132.96. Cimarex Energy has a 12 month low of $80.02 and a 12 month high of $146.96. The firm’s market capitalization is $12.49 billion.
Cimarex Energy (NYSE:XEC) last announced its quarterly earnings data on Wednesday, February 15th. The company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.05. Cimarex Energy had a negative net margin of 92.69% and a negative return on equity of 0.59%. Equities analysts predict that Cimarex Energy will post $0.69 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Monday, February 13th. Cimarex Energy’s dividend payout ratio (DPR) is currently -2.70%.
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In related news, VP Joseph R. Albi sold 5,500 shares of the firm’s stock in a transaction on Monday, December 5th. The shares were sold at an average price of $139.50, for a total value of $767,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Francis Brian Barron sold 1,512 shares of the firm’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $137.83, for a total transaction of $208,398.96. Following the completion of the transaction, the senior vice president now directly owns 76,942 shares of the company’s stock, valued at approximately $10,604,915.86. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,512 shares of company stock valued at $1,597,294. 2.00% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Henderson Group PLC increased its position in Cimarex Energy by 12.9% in the second quarter. Henderson Group PLC now owns 11,419 shares of the company’s stock worth $1,362,000 after buying an additional 1,308 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its position in Cimarex Energy by 1.7% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,348 shares of the company’s stock worth $876,000 after buying an additional 126 shares during the period. FCA Corp TX increased its position in Cimarex Energy by 6.7% in the second quarter. FCA Corp TX now owns 29,502 shares of the company’s stock worth $3,520,000 after buying an additional 1,841 shares during the period. BRC Investment Management LLC acquired a new position in Cimarex Energy during the second quarter worth $3,538,000. Finally, Airain ltd increased its position in Cimarex Energy by 189.7% in the second quarter. Airain ltd now owns 16,716 shares of the company’s stock worth $1,995,000 after buying an additional 10,946 shares during the period. 92.22% of the stock is owned by institutional investors and hedge funds.
About Cimarex Energy
Cimarex Energy Co is an independent oil and gas exploration and production company. The Company’s segment is exploration and production. Its operations are located mainly in Oklahoma, Texas and New Mexico. Its operations are focused in approximately two main areas, such as the Permian Basin and the Mid-Continent region.
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