Unigestion Holding SA Cuts Holdings in Cimarex Energy Co (NYSE:XEC)

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Unigestion Holding SA reduced its position in Cimarex Energy Co (NYSE:XEC) by 48.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,390 shares of the oil and gas producer’s stock after selling 6,116 shares during the period. Unigestion Holding SA’s holdings in Cimarex Energy were worth $306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. boosted its stake in shares of Cimarex Energy by 2.3% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 9,633 shares of the oil and gas producer’s stock worth $572,000 after buying an additional 217 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Cimarex Energy by 2.6% in the 2nd quarter. CIBC Asset Management Inc now owns 11,011 shares of the oil and gas producer’s stock worth $653,000 after buying an additional 275 shares during the last quarter. New Mexico Educational Retirement Board boosted its stake in shares of Cimarex Energy by 3.8% in the 2nd quarter. New Mexico Educational Retirement Board now owns 8,300 shares of the oil and gas producer’s stock worth $492,000 after buying an additional 300 shares during the last quarter. Sippican Capital Advisors boosted its stake in shares of Cimarex Energy by 2.8% in the 2nd quarter. Sippican Capital Advisors now owns 12,186 shares of the oil and gas producer’s stock worth $723,000 after buying an additional 330 shares during the last quarter. Finally, DNB Asset Management AS boosted its stake in shares of Cimarex Energy by 3.4% in the 3rd quarter. DNB Asset Management AS now owns 11,005 shares of the oil and gas producer’s stock worth $528,000 after buying an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

NYSE XEC traded up $0.61 on Friday, hitting $46.54. 2,040,242 shares of the company traded hands, compared to its average volume of 1,696,199. The company has a current ratio of 0.70, a quick ratio of 0.57 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average price is $45.59 and its 200-day moving average price is $52.12. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 6.29 and a beta of 1.32. Cimarex Energy Co has a 52-week low of $37.19 and a 52-week high of $91.25.

Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.02). The business had revenue of $582.31 million for the quarter, compared to the consensus estimate of $575.31 million. Cimarex Energy had a net margin of 21.13% and a return on equity of 13.02%. Cimarex Energy’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.99 earnings per share. As a group, sell-side analysts predict that Cimarex Energy Co will post 4.13 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.80 dividend on an annualized basis and a yield of 1.72%. Cimarex Energy’s dividend payout ratio is presently 10.81%.

A number of equities analysts have recently issued reports on the company. Wells Fargo & Co raised their price target on Cimarex Energy from $64.00 to $65.00 and gave the stock a “market perform” rating in a research note on Friday, September 20th. MKM Partners lowered their target price on Cimarex Energy from $70.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Imperial Capital lowered their target price on Cimarex Energy from $58.00 to $51.00 and set an “in-line” rating on the stock in a research report on Wednesday, August 7th. KeyCorp lowered their target price on Cimarex Energy from $60.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Finally, ValuEngine upgraded Cimarex Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $73.94.

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.

See Also: Growth Stocks

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

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