Thomas E. Jorden Sells 2,500 Shares of Cimarex Energy Co (XEC) Stock

Cimarex Energy Co (NYSE:XEC) CEO Thomas E. Jorden sold 2,500 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $122.88, for a total transaction of $307,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Thomas E. Jorden also recently made the following trade(s):

  • On Thursday, December 14th, Thomas E. Jorden sold 5,000 shares of Cimarex Energy stock. The shares were sold at an average price of $113.14, for a total transaction of $565,700.00.
  • On Thursday, November 9th, Thomas E. Jorden sold 2,500 shares of Cimarex Energy stock. The shares were sold at an average price of $125.10, for a total transaction of $312,750.00.

Cimarex Energy Co (NYSE XEC) traded up $3.50 during trading hours on Tuesday, hitting $125.51. The stock had a trading volume of 1,211,383 shares, compared to its average volume of 838,000. Cimarex Energy Co has a fifty-two week low of $89.49 and a fifty-two week high of $144.30. The company has a market capitalization of $11,960.00, a P/E ratio of 31.38 and a beta of 1.34. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.42 and a current ratio of 1.51.

Cimarex Energy (NYSE:XEC) last released its earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.12. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The business had revenue of $463.68 million during the quarter, compared to the consensus estimate of $451.53 million. During the same period last year, the company earned $0.53 earnings per share. The business’s revenue for the quarter was up 38.1% compared to the same quarter last year. analysts forecast that Cimarex Energy Co will post 4.41 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. Cimarex Energy’s dividend payout ratio (DPR) is 8.00%.

Several large investors have recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its position in shares of Cimarex Energy by 5.3% during the second quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock worth $113,000 after purchasing an additional 60 shares during the last quarter. Virtu KCG Holdings LLC lifted its position in shares of Cimarex Energy by 0.6% during the second quarter. Virtu KCG Holdings LLC now owns 15,740 shares of the oil and gas producer’s stock worth $1,480,000 after purchasing an additional 96 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Cimarex Energy by 8.3% during the second quarter. Pacer Advisors Inc. now owns 1,935 shares of the oil and gas producer’s stock worth $182,000 after purchasing an additional 148 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Cimarex Energy by 12.0% during the second quarter. D.A. Davidson & CO. now owns 2,335 shares of the oil and gas producer’s stock worth $219,000 after purchasing an additional 250 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Cimarex Energy by 8.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 3,485 shares of the oil and gas producer’s stock worth $328,000 after purchasing an additional 260 shares during the last quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.

XEC has been the subject of a number of recent research reports. Morgan Stanley raised their target price on shares of Cimarex Energy from $138.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Credit Suisse Group began coverage on shares of Cimarex Energy in a report on Monday, December 11th. They issued an “outperform” rating and a $140.00 target price for the company. Piper Jaffray Companies restated a “hold” rating and issued a $118.00 price target on shares of Cimarex Energy in a research report on Friday, November 24th. Stifel Nicolaus set a $168.00 price target on Cimarex Energy and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, KeyCorp restated a “buy” rating and issued a $130.00 price target on shares of Cimarex Energy in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $136.71.

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About Cimarex Energy

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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