Mraz Amerine & Associates Inc. decreased its position in Cimarex Energy Co (NYSE:XEC) by 0.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 48,171 shares of the oil and gas producer’s stock after selling 191 shares during the period. Cimarex Energy comprises approximately 1.8% of Mraz Amerine & Associates Inc.’s portfolio, making the stock its 11th largest position. Mraz Amerine & Associates Inc. owned 0.05% of Cimarex Energy worth $5,621,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of XEC. World Asset Management Inc boosted its position in Cimarex Energy by 2.6% in the third quarter. World Asset Management Inc now owns 9,495 shares of the oil and gas producer’s stock valued at $1,276,000 after buying an additional 245 shares during the period. APG Asset Management N.V. boosted its stake in shares of Cimarex Energy by 1.0% in the third quarter. APG Asset Management N.V. now owns 561,910 shares of the oil and gas producer’s stock valued at $75,504,000 after buying an additional 5,500 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Cimarex Energy by 4,127.5% in the third quarter. Nordea Investment Management AB now owns 137,733 shares of the oil and gas producer’s stock valued at $18,507,000 after buying an additional 134,475 shares during the last quarter. SignalPoint Asset Management LLC raised its position in Cimarex Energy by 7.7% in the third quarter. SignalPoint Asset Management LLC now owns 2,627 shares of the oil and gas producer’s stock valued at $353,000 after buying an additional 187 shares during the period. Finally, LMR Partners LLP raised its position in shares of Cimarex Energy by 211.2% in the third quarter. LMR Partners LLP now owns 8,842 shares of the oil and gas producer’s stock worth $1,188,000 after buying an additional 6,001 shares during the period. Institutional investors own 93.12% of the company’s stock.
Cimarex Energy (NYSE:XEC) last issued its quarterly earnings results on Wednesday, May 10th. The oil and gas producer reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.20. The company had revenue of $447.20 million during the quarter, compared to the consensus estimate of $423.62 million. Cimarex Energy had a positive return on equity of 9.03% and a negative net margin of 7.78%. Cimarex Energy’s revenue was up 85.9% on a year-over-year basis. During the same period last year, the company earned ($0.40) earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, August 11th. This represents a $0.32 annualized dividend and a dividend yield of 0.34%. Cimarex Energy’s dividend payout ratio (DPR) is -25.20%.
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A number of brokerages have issued reports on XEC. BMO Capital Markets increased their price target on Cimarex Energy from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, February 21st. Jefferies Group LLC restated a “hold” rating and issued a $134.00 target price on shares of Cimarex Energy in a report on Friday, March 3rd. Seaport Global Securities downgraded shares of Cimarex Energy from a “buy” rating to a “neutral” rating in a research note on Friday, March 31st. Barclays PLC reaffirmed an “overweight” rating and issued a $129.00 price target (down from $139.00) on shares of Cimarex Energy in a research report on Saturday, April 22nd. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $166.00 target price (up previously from $164.00) on shares of Cimarex Energy in a research note on Saturday, April 22nd. Eleven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $144.29.
In related news, Director L Paul Teague sold 1,038 shares of Cimarex Energy stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $120.00, for a total value of $124,560.00. Following the completion of the sale, the director now directly owns 44,394 shares in the company, valued at $5,327,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stephen P. Bell sold 5,000 shares of Cimarex Energy stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $117.24, for a total value of $586,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,538 shares of company stock valued at $1,001,760. Corporate insiders own 1.70% of the company’s stock.
Cimarex Energy Company Profile
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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