Toronto Dominion Bank grew its position in shares of Cimarex Energy Co (NYSE:XEC) by 1.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 61,985 shares of the oil and gas producer’s stock after purchasing an additional 637 shares during the period. Toronto Dominion Bank’s holdings in Cimarex Energy were worth $5,759,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. Mount Yale Investment Advisors LLC bought a new stake in shares of Cimarex Energy during the 2nd quarter worth $115,000. JNBA Financial Advisors bought a new stake in shares of Cimarex Energy during the 3rd quarter worth $143,000. Point72 Hong Kong Ltd bought a new stake in shares of Cimarex Energy during the 2nd quarter worth $161,000. Eagle Boston Investment Management Inc. bought a new stake in shares of Cimarex Energy during the 2nd quarter worth $204,000. Finally, Cue Financial Group Inc. bought a new stake in shares of Cimarex Energy during the 2nd quarter worth $241,000. Institutional investors own 98.47% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Credit Suisse Group lowered Cimarex Energy from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 9th. Williams Capital reissued a “buy” rating and set a $134.00 price objective on shares of Cimarex Energy in a research note on Wednesday, August 8th. Imperial Capital reissued an “in-line” rating on shares of Cimarex Energy in a research note on Tuesday. Jefferies Financial Group set a $117.00 price objective on Cimarex Energy and gave the stock a “buy” rating in a research note on Tuesday. Finally, Piper Jaffray Companies assumed coverage on Cimarex Energy in a research report on Friday, September 28th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $130.25.
XEC opened at $79.95 on Friday. The firm has a market cap of $8.02 billion, a P/E ratio of 17.19 and a beta of 1.04. Cimarex Energy Co has a 1 year low of $77.63 and a 1 year high of $130.16. The company has a quick ratio of 1.62, a current ratio of 1.69 and a debt-to-equity ratio of 0.49.
Cimarex Energy (NYSE:XEC) last released its quarterly earnings data on Tuesday, November 6th. The oil and gas producer reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.47. The firm had revenue of $591.50 million during the quarter, compared to analysts’ expectations of $561.67 million. Cimarex Energy had a return on equity of 23.33% and a net margin of 28.70%. The business’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 earnings per share. As a group, analysts predict that Cimarex Energy Co will post 7.17 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Thursday, November 15th will be given a dividend of $0.18 per share. This is a boost from Cimarex Energy’s previous quarterly dividend of $0.16. The ex-dividend date is Wednesday, November 14th. This represents a $0.72 dividend on an annualized basis and a yield of 0.90%. Cimarex Energy’s dividend payout ratio (DPR) is presently 15.48%.
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.
Want to see what other hedge funds are holding XEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cimarex Energy Co (NYSE:XEC).
Receive News & Ratings for Cimarex Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cimarex Energy and related companies with MarketBeat.com's FREE daily email newsletter.