Dimensional Fund Advisors LP grew its stake in Cimarex Energy Co (NYSE:XEC) by 3.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 349,814 shares of the oil and gas producer’s stock after buying an additional 12,454 shares during the period. Dimensional Fund Advisors LP’s holdings in Cimarex Energy were worth $39,765,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Advisor Group Inc. lifted its position in shares of Cimarex Energy by 5.3% during 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 last quarter. Meeder Asset Management Inc. acquired a new position in Cimarex Energy in the 3rd quarter valued at approximately $206,000. Pacer Advisors Inc. raised its holdings in Cimarex Energy by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 1,935 shares of the oil and gas producer’s stock valued at $182,000 after acquiring an additional 148 shares in the last quarter. Cue Financial Group Inc. acquired a new position in Cimarex Energy in the 3rd quarter valued at approximately $224,000. Finally, Farr Miller & Washington LLC DC acquired a new position in Cimarex Energy in the 3rd quarter valued at approximately $227,000. 92.00% of the stock is owned by institutional investors.
Several equities analysts have commented on XEC shares. KeyCorp reaffirmed a “buy” rating on shares of Cimarex Energy in a report on Wednesday, November 8th. Morgan Stanley upped their price target on Cimarex Energy from $138.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Williams Capital upped their price target on Cimarex Energy from $132.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. UBS Group cut Cimarex Energy from a “positive” rating to a “neutral” rating in a report on Monday, November 13th. Finally, Stifel Nicolaus set a $168.00 price target on Cimarex Energy and gave the company a “buy” rating in a report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $137.67.
Cimarex Energy (NYSE:XEC) last released its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.12. The business had revenue of $463.68 million for the quarter, compared to analyst estimates of $451.53 million. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. Cimarex Energy’s revenue for the quarter was up 38.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 EPS. sell-side analysts predict that Cimarex Energy Co will post 4.41 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. Cimarex Energy’s dividend payout ratio (DPR) is presently 8.00%.
In other Cimarex Energy news, VP Stephen P. Bell sold 3,696 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $125.11, for a total value of $462,406.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas E. Jorden sold 2,500 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $125.10, for a total value of $312,750.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,264 shares of company stock worth $3,804,134. 1.70% of the stock is owned by corporate insiders.
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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