OxFORD Asset Management LLP lowered its stake in shares of Cimarex Energy Co (NYSE:XEC) by 58.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,551 shares of the oil and gas producer’s stock after selling 96,886 shares during the quarter. OxFORD Asset Management LLP owned approximately 0.07% of Cimarex Energy worth $7,792,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the business. Turner Investments LLC acquired a new position in shares of Cimarex Energy in the 2nd quarter valued at $100,000. Advisor Group Inc. increased 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 valued at $113,000 after acquiring an additional 60 shares during the period. Global X Management Co. LLC increased 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 valued at $119,000 after acquiring an additional 162 shares during the period. State of Alaska Department of Revenue increased 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 valued at $134,000 after acquiring an additional 10 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of Cimarex Energy in the 3rd quarter valued at $206,000. 92.35% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on XEC shares. Williams Capital reaffirmed a “buy” rating and issued a $136.00 target price on shares of Cimarex Energy in a report on Wednesday, August 9th. Morgan Stanley lifted their target price on shares of Cimarex Energy from $135.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Barclays lifted their target price on shares of Cimarex Energy from $112.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, August 15th. Stifel Nicolaus set a $169.00 target price on shares of Cimarex Energy and gave the company a “buy” rating in a report on Wednesday, August 16th. Finally, BidaskClub cut shares of Cimarex Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $137.14.
Cimarex Energy Co (XEC) traded up $0.78 during trading hours on Monday, reaching $116.89. 897,600 shares of the company were exchanged, compared to its average volume of 1,049,973. Cimarex Energy Co has a 1 year low of $89.49 and a 1 year high of $146.96. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62. The stock has a market cap of $11,135.05, a price-to-earnings ratio of 30.76 and a beta of 1.34.
Cimarex Energy (NYSE:XEC) last issued its earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 EPS for the quarter, topping the consensus estimate of $0.97 by $0.12. The company had revenue of $463.68 million for the quarter, compared to analyst estimates of $451.53 million. Cimarex Energy had a net margin of 20.45% and a return on equity of 16.11%. The business’s revenue was up 38.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. equities research analysts anticipate that Cimarex Energy Co will post 4.35 earnings per share for the current year.
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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