Trust Co. of Vermont raised its stake in shares of Cimarex Energy Co (NYSE:XEC) by 2.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,548 shares of the oil and gas producer’s stock after buying an additional 661 shares during the period. Trust Co. of Vermont’s holdings in Cimarex Energy were worth $2,307,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Cimarex Energy by 8.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 882 shares of the oil and gas producer’s stock valued at $122,000 after buying an additional 69 shares during the period. Global X Management Co. LLC boosted its position in shares of Cimarex Energy by 14.1% in the first quarter. Global X Management Co. LLC now owns 1,103 shares of the oil and gas producer’s stock valued at $132,000 after buying an additional 136 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Cimarex Energy during the first quarter valued at about $169,000. Winch Advisory Services LLC acquired a new position in shares of Cimarex Energy during the first quarter valued at about $186,000. Finally, Eagle Ridge Investment Management boosted its position in shares of Cimarex Energy by 3.0% in the first quarter. Eagle Ridge Investment Management now owns 1,720 shares of the oil and gas producer’s stock valued at $206,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 92.60% of the company’s stock.
Cimarex Energy Co (NYSE:XEC) traded down 1.40% on Wednesday, hitting $92.14. 1,262,415 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $104.05 and a 200-day moving average price of $121.82. The stock’s market cap is $8.60 billion. Cimarex Energy Co has a 52-week low of $89.49 and a 52-week high of $146.96.
Cimarex Energy (NYSE:XEC) last announced its quarterly earnings results on Wednesday, May 10th. The oil and gas producer reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.20. The company had revenue of $447.20 million for the quarter, compared to analysts’ expectations of $423.62 million. Cimarex Energy had a negative net margin of 7.78% and a positive return on equity of 9.03%. Cimarex Energy’s revenue was up 85.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.40) EPS. Analysts predict that Cimarex Energy Co will post $4.54 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Friday, August 11th. Cimarex Energy’s dividend payout ratio is currently -25.20%.
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Several equities research analysts have recently weighed in on XEC shares. Scotiabank set a $164.00 price objective on shares of Cimarex Energy and gave the stock a “buy” rating in a research report on Monday, March 27th. Seaport Global Securities cut shares of Cimarex Energy from a “buy” rating to a “neutral” rating in a research report on Friday, March 31st. Jefferies Group LLC reiterated a “hold” rating and set a $123.00 price objective on shares of Cimarex Energy in a research report on Tuesday, April 18th. Citigroup Inc. reiterated a “buy” rating and set a $166.00 price objective (up from $164.00) on shares of Cimarex Energy in a research report on Saturday, April 22nd. Finally, Barclays PLC reiterated an “overweight” rating and set a $129.00 price objective (down from $139.00) on shares of Cimarex Energy in a research report on Saturday, April 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $140.33.
In other Cimarex Energy news, CEO Thomas E. Jorden sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $116.40, for a total transaction of $291,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director L Paul Teague sold 1,038 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $120.00, for a total transaction of $124,560.00. Following the transaction, the director now owns 44,394 shares in the company, valued at approximately $5,327,280. The disclosure for this sale can be found here. Insiders have sold a total of 8,538 shares of company stock worth $1,001,760 in the last 90 days. Company 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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