Speece Thorson Capital Group Inc. grew its position in Cimarex Energy Co (NYSE:XEC) by 32.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,703 shares of the oil and gas producer’s stock after purchasing an additional 28,061 shares during the quarter. Cimarex Energy makes up about 1.8% of Speece Thorson Capital Group Inc.’s investment portfolio, making the stock its 27th largest holding. Speece Thorson Capital Group Inc. owned approximately 0.11% of Cimarex Energy worth $6,805,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of XEC. Boston Partners boosted its position in shares of Cimarex Energy by 20.1% in the first quarter. Boston Partners now owns 6,989,669 shares of the oil and gas producer’s stock worth $488,578,000 after purchasing an additional 1,169,027 shares during the period. BlackRock Inc. lifted its holdings in shares of Cimarex Energy by 7.6% in the first quarter. BlackRock Inc. now owns 6,979,085 shares of the oil and gas producer’s stock worth $487,836,000 after buying an additional 494,463 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Cimarex Energy by 53.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,259,384 shares of the oil and gas producer’s stock worth $77,641,000 after buying an additional 439,290 shares in the last quarter. Monarch Alternative Capital LP purchased a new position in shares of Cimarex Energy in the first quarter worth $25,730,000. Finally, Clark Capital Management Group Inc. purchased a new position in shares of Cimarex Energy in the second quarter worth $15,809,000. Institutional investors and hedge funds own 93.27% of the company’s stock.
Several research firms have recently commented on XEC. SunTrust Banks set a $60.00 target price on shares of Cimarex Energy and gave the stock a “buy” rating in a report on Wednesday. Robert W. Baird reissued an “outperform” rating and issued a $82.00 target price (down previously from $110.00) on shares of Cimarex Energy in a report on Wednesday, June 5th. KeyCorp began coverage on shares of Cimarex Energy in a report on Thursday, June 27th. They issued an “overweight” rating and a $66.00 target price on the stock. MKM Partners lowered their target price on shares of Cimarex Energy from $70.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Williams Capital reissued a “buy” rating and issued a $83.00 target price on shares of Cimarex Energy in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. Cimarex Energy currently has a consensus rating of “Hold” and an average target price of $81.72.
Cimarex Energy (NYSE:XEC) last released its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.20 by ($0.38). The business had revenue of $546.46 million for the quarter, compared to analysts’ expectations of $594.90 million. Cimarex Energy had a net margin of 25.66% and a return on equity of 16.59%. Cimarex Energy’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.59 EPS. As a group, sell-side analysts forecast that Cimarex Energy Co will post 5.22 earnings per share for the current year.
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, 2018, it had a total proved reserves of 591.2 million barrels of oil equivalent, consisting of 1.59 trillion cubic feet of natural gas; 146.5 million barrels (MMBbls) of oil; and 179.4 MMBbls of natural gas liquids primarily located in the Permian Basin and Mid-Continent regions.
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