Unigestion Holding SA reduced its position in Cimarex Energy Co (NYSE:XEC) by 48.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,390 shares of the oil and gas producer’s stock after selling 6,116 shares during the quarter. Unigestion Holding SA’s holdings in Cimarex Energy were worth $306,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. boosted its holdings in Cimarex Energy by 55.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 98,810 shares of the oil and gas producer’s stock valued at $6,907,000 after acquiring an additional 35,389 shares during the period. Bright Rock Capital Management LLC purchased a new stake in Cimarex Energy during the 2nd quarter valued at about $712,000. Valeo Financial Advisors LLC boosted its holdings in Cimarex Energy by 319.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 487 shares of the oil and gas producer’s stock valued at $29,000 after acquiring an additional 371 shares during the period. Addison Capital Co boosted its holdings in Cimarex Energy by 19.4% during the 2nd quarter. Addison Capital Co now owns 24,276 shares of the oil and gas producer’s stock valued at $1,440,000 after acquiring an additional 3,943 shares during the period. Finally, First Citizens Bank & Trust Co. boosted its holdings in Cimarex Energy by 2.3% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 9,633 shares of the oil and gas producer’s stock valued at $572,000 after acquiring an additional 217 shares during the period. Hedge funds and other institutional investors own 95.99% of the company’s stock.
XEC has been the subject of several analyst reports. Williams Capital restated a “buy” rating and set a $64.00 target price on shares of Cimarex Energy in a report on Tuesday, November 5th. Imperial Capital dropped their target price on Cimarex Energy from $58.00 to $51.00 and set an “in-line” rating for the company in a report on Wednesday, August 7th. Piper Jaffray Companies set a $68.00 target price on Cimarex Energy and gave the company a “hold” rating in a report on Friday, August 16th. MKM Partners dropped their target price on Cimarex Energy from $70.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, SunTrust Banks set a $60.00 target price on Cimarex Energy and gave the company a “buy” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $73.94.
Cimarex Energy (NYSE:XEC) last released its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.02). Cimarex Energy had a return on equity of 13.02% and a net margin of 21.13%. The business had revenue of $582.31 million during the quarter, compared to analysts’ expectations of $575.31 million. During the same quarter last year, the business posted $1.99 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, research analysts forecast that Cimarex Energy Co will post 4.13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Thursday, November 14th. Cimarex Energy’s dividend payout ratio is currently 10.81%.
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.
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