Raymond James Trust N.A. Acquires Shares of 3,857 Cimarex Energy Co (NYSE:XEC)

Raymond James Trust N.A. acquired a new stake in Cimarex Energy Co (NYSE:XEC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,857 shares of the oil and gas producer’s stock, valued at approximately $229,000.

A number of other large investors have also recently modified their holdings of the business. Boston Partners grew its position in Cimarex Energy by 20.1% in the first quarter. Boston Partners now owns 6,989,669 shares of the oil and gas producer’s stock valued at $488,578,000 after acquiring an additional 1,169,027 shares in the last quarter. BlackRock Inc. grew its position in shares of Cimarex Energy by 7.6% during the first quarter. BlackRock Inc. now owns 6,979,085 shares of the oil and gas producer’s stock worth $487,836,000 after buying an additional 494,463 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Cimarex Energy by 4.9% during the first quarter. Victory Capital Management Inc. now owns 3,144,463 shares of the oil and gas producer’s stock worth $219,798,000 after buying an additional 146,296 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Cimarex Energy by 13.9% during the fourth quarter. Geode Capital Management LLC now owns 1,278,191 shares of the oil and gas producer’s stock worth $78,667,000 after buying an additional 156,318 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Cimarex Energy by 53.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,259,384 shares of the oil and gas producer’s stock worth $77,641,000 after buying an additional 439,290 shares in the last quarter. 93.18% of the stock is owned by institutional investors.

Shares of Cimarex Energy stock traded up $0.43 during trading on Tuesday, hitting $50.05. 59,833 shares of the stock traded hands, compared to its average volume of 1,528,037. The company has a market capitalization of $5.04 billion, a PE ratio of 6.76 and a beta of 1.31. The company has a current ratio of 0.66, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58. Cimarex Energy Co has a twelve month low of $47.96 and a twelve month high of $101.19. The business’s fifty day moving average is $55.81.

Cimarex Energy (NYSE:XEC) last posted its earnings results on Wednesday, May 8th. The oil and gas producer reported $1.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.17). Cimarex Energy had a return on equity of 19.95% and a net margin of 26.90%. The company had revenue of $577.00 million during the quarter, compared to analyst estimates of $581.51 million. During the same quarter last year, the firm posted $1.82 earnings per share. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, analysts forecast that Cimarex Energy Co will post 5.78 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.80 annualized dividend and a yield of 1.60%. Cimarex Energy’s dividend payout ratio (DPR) is currently 10.81%.

A number of analysts have recently weighed in on XEC shares. SunTrust Banks raised their price target on shares of Perrigo to $51.00 and gave the stock a “hold” rating in a research report on Monday, May 20th. Robert W. Baird downgraded shares of Inflarx from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $58.00 to $6.00 in a report on Wednesday, June 5th. Citigroup decreased their price objective on shares of Cimarex Energy from $98.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Wells Fargo & Co cut Occidental Petroleum from an “outperform” rating to a “market perform” rating in a research note on Monday, May 20th. Finally, Imperial Capital reiterated an “outperform” rating and issued a $26.00 target price (up from $24.00) on shares of Resideo Technologies in a research note on Friday, May 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Cimarex Energy currently has an average rating of “Hold” and a consensus price target of $93.84.

About Cimarex Energy

Cimarex Energy Co operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2018, it had a total proved reserves of 591.2 million barrels of oil equivalent, consisting of 1.59 trillion cubic feet of natural gas; 146.5 million barrels (MMBbls) of oil; and 179.4 MMBbls of natural gas liquids primarily located in the Permian Basin and Mid-Continent regions.

Recommended Story: 52-Week High/Low

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

Receive News & Ratings for Cimarex Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cimarex Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit