Tiaa Fsb lessened its holdings in Cimarex Energy Co (NYSE:XEC) by 28.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,205 shares of the oil and gas producer’s stock after selling 6,139 shares during the period. Tiaa Fsb’s holdings in Cimarex Energy were worth $1,728,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Turner Investments LLC bought a new stake in shares of Cimarex Energy in the 2nd quarter worth approximately $100,000. Advisor Group Inc. raised its holdings in shares of Cimarex Energy by 5.3% in the 2nd 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 period. Global X Management Co. LLC raised its holdings in shares of Cimarex Energy by 14.7% in the 2nd quarter. Global X Management Co. LLC now owns 1,265 shares of the oil and gas producer’s stock worth $119,000 after purchasing an additional 162 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Cimarex Energy by 0.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,427 shares of the oil and gas producer’s stock worth $134,000 after purchasing an additional 10 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in shares of Cimarex Energy in the 3rd quarter worth approximately $206,000. 89.97% of the stock is currently owned by institutional investors.
XEC has been the topic of a number of research reports. Scotiabank set a $143.00 price target on shares of Cimarex Energy and gave the stock a “buy” rating in a report on Saturday, July 1st. Cowen and Company set a $135.00 price target on shares of Cimarex Energy and gave the stock a “buy” rating in a report on Friday, August 25th. Williams Capital reaffirmed a “buy” rating and issued a $136.00 price target on shares of Cimarex Energy in a report on Wednesday, August 9th. Stifel Nicolaus set a $169.00 price target on shares of Cimarex Energy and gave the stock a “buy” rating in a report on Wednesday, August 16th. Finally, Citigroup Inc. lowered their price target on shares of Cimarex Energy from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the stock. Cimarex Energy currently has an average rating of “Buy” and a consensus price target of $136.18.
Cimarex Energy Co (XEC) opened at 115.45 on Friday. Cimarex Energy Co has a 12-month low of $89.49 and a 12-month high of $146.96. The stock has a 50 day moving average of $112.22 and a 200 day moving average of $105.84. The company has a market cap of $10.78 billion, a PE ratio of 41.35 and a beta of 1.35.
Cimarex Energy (NYSE:XEC) last announced its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.11. The firm had revenue of $456.50 million for the quarter, compared to the consensus estimate of $441.52 million. Cimarex Energy had a net margin of 15.64% and a return on equity of 13.29%. The company’s revenue was up 52.7% on a year-over-year basis. During the same period last year, the firm earned $0.07 EPS. Equities analysts expect that Cimarex Energy Co will post $4.27 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. Cimarex Energy’s payout ratio is 12.03%.
In other news, Director Harold R. Logan, Jr. sold 913 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $105.83, for a total transaction of $96,622.79. Following the sale, the director now directly owns 9,299 shares in the company, valued at approximately $984,113.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas E. Jorden sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $101.67, for a total transaction of $254,175.00. The disclosure for this sale can be found here. Insiders have sold a total of 21,299 shares of company stock worth $2,204,271 over the last 90 days. Insiders own 1.70% of the company’s stock.
Cimarex Energy 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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