4,500 Shares in Cimarex Energy Co (NYSE:XEC) Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in Cimarex Energy Co (NYSE:XEC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,500 shares of the oil and gas producer’s stock, valued at approximately $423,000.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Cimarex Energy by 3,127.3% in the first quarter. BlackRock Inc. now owns 7,141,421 shares of the oil and gas producer’s stock valued at $853,329,000 after buying an additional 6,920,140 shares during the last quarter. Lazard Asset Management LLC boosted its position in Cimarex Energy by 1,366.3% in the first quarter. Lazard Asset Management LLC now owns 890,780 shares of the oil and gas producer’s stock valued at $106,439,000 after buying an additional 830,028 shares during the last quarter. Boston Partners boosted its position in Cimarex Energy by 109.3% in the first quarter. Boston Partners now owns 1,447,104 shares of the oil and gas producer’s stock valued at $172,915,000 after buying an additional 755,553 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in Cimarex Energy by 15.0% in the first quarter. Diamond Hill Capital Management Inc. now owns 3,755,729 shares of the oil and gas producer’s stock valued at $448,772,000 after buying an additional 489,278 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Cimarex Energy by 46.7% in the first quarter. Bank of America Corp DE now owns 931,104 shares of the oil and gas producer’s stock valued at $111,258,000 after buying an additional 296,415 shares during the last quarter. Hedge funds and other institutional investors own 93.07% of the company’s stock.

Shares of Cimarex Energy Co (XEC) traded down 0.18% during midday trading on Friday, reaching $97.52. 823,025 shares of the company’s stock were exchanged. The stock has a market cap of $9.11 billion, a PE ratio of 34.95 and a beta of 1.32. Cimarex Energy Co has a 12 month low of $89.49 and a 12 month high of $146.96. The company’s 50 day moving average is $94.88 and its 200-day moving average is $113.13.

Cimarex Energy (NYSE:XEC) last issued its earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.11. The firm had revenue of $456.50 million during the quarter, compared to the consensus estimate of $441.52 million. Cimarex Energy had a return on equity of 13.29% and a net margin of 15.64%. The business’s quarterly revenue was up 52.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 earnings per share. Equities analysts forecast that Cimarex Energy Co will post $4.12 EPS for the current fiscal year.

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Several equities analysts recently commented on XEC shares. KLR Group reiterated a “buy” rating and set a $151.00 target price (up from $149.00) on shares of Cimarex Energy in a research note on Wednesday, May 17th. Barclays PLC restated an “overweight” rating and issued a $135.00 price objective (up previously from $129.00) on shares of Cimarex Energy in a research note on Monday, May 15th. BMO Capital Markets set a $150.00 price objective on shares of Cimarex Energy and gave the company a “buy” rating in a research note on Monday, May 15th. Jefferies Group LLC restated a “hold” rating and issued a $119.00 price objective on shares of Cimarex Energy in a research note on Thursday, July 6th. Finally, Citigroup Inc. restated a “buy” rating and issued a $166.00 price objective (up previously from $164.00) on shares of Cimarex Energy in a research note on Saturday, April 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. Cimarex Energy currently has an average rating of “Hold” and an average price target of $136.95.

In other news, CEO Thomas E. Jorden sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was 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 available through the SEC website. Also, VP Stephen P. Bell sold 5,000 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was 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. In the last three months, insiders have sold 8,538 shares of company stock valued at $1,001,760. Insiders own 1.70% of the company’s stock.

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.

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

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