Mutual of America Capital Management LLC increased its stake in shares of Cimarex Energy Co (NYSE:XEC) by 43.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,939 shares of the oil and gas producer’s stock after purchasing an additional 7,595 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Cimarex Energy were worth $2,835,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its position in Cimarex Energy by 2.7% in the first quarter. Public Employees Retirement System of Ohio now owns 51,868 shares of the oil and gas producer’s stock worth $6,198,000 after acquiring an additional 1,350 shares in the last quarter. Xact Kapitalforvaltning AB raised its position in Cimarex Energy by 17.0% in the second quarter. Xact Kapitalforvaltning AB now owns 8,339 shares of the oil and gas producer’s stock worth $784,000 after acquiring an additional 1,213 shares in the last quarter. South Dakota Investment Council purchased a new position in Cimarex Energy in the second quarter worth $11,439,000. Calamos Advisors LLC raised its position in Cimarex Energy by 37.0% in the second quarter. Calamos Advisors LLC now owns 25,006 shares of the oil and gas producer’s stock worth $2,351,000 after acquiring an additional 6,757 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Cimarex Energy by 27.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 371,500 shares of the oil and gas producer’s stock worth $34,925,000 after acquiring an additional 78,984 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.
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Shares of Cimarex Energy Co (XEC) opened at 115.45 on Monday. Cimarex Energy Co has a 52 week low of $89.49 and a 52 week high of $146.96. The firm has a market capitalization of $10.78 billion, a price-to-earnings ratio of 41.35 and a beta of 1.35. The firm has a 50-day moving average price of $112.22 and a 200-day moving average price of $105.84.
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, beating analysts’ consensus estimates of $0.95 by $0.11. Cimarex Energy had a return on equity of 13.29% and a net margin of 15.64%. The firm had revenue of $456.50 million for the quarter, compared to the consensus estimate of $441.52 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The business’s quarterly revenue was up 52.7% compared to the same quarter last year. On average, equities analysts expect that Cimarex Energy Co will post $4.27 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.28%. Cimarex Energy’s dividend payout ratio (DPR) is currently 12.03%.
A number of brokerages have recently weighed in on XEC. Stifel Nicolaus set a $168.00 price target on Cimarex Energy and gave the company a “buy” rating in a research report on Thursday, October 5th. Barclays PLC raised their price target on Cimarex Energy from $112.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. BidaskClub upgraded Cimarex Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th. Jefferies Group LLC restated a “hold” rating and issued a $119.00 price target on shares of Cimarex Energy in a research report on Thursday, July 6th. Finally, Morgan Stanley raised their price target on Cimarex Energy from $138.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $136.18.
In other Cimarex Energy news, Director Harold R. Logan, Jr. sold 913 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $105.83, for a total value of $96,622.79. Following the transaction, the director now owns 9,299 shares in the company, valued at $984,113.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joseph R. Albi sold 2,750 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $99.02, for a total value of $272,305.00. The disclosure for this sale can be found here. Insiders sold 21,299 shares of company stock worth $2,204,271 in the last 90 days. Corporate 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.
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