LMR Partners LLP acquired a new position in Cimarex Energy Co (NYSE:XEC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,640 shares of the oil and gas producer’s stock, valued at approximately $200,000.
Several other institutional investors also recently bought and sold shares of XEC. Advisor Group Inc. lifted its stake in shares of Cimarex Energy by 5.3% in the second quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock worth $113,000 after acquiring an additional 60 shares during the period. Eagle Ridge Investment Management acquired a new position in shares of Cimarex Energy in the fourth quarter worth approximately $204,000. Capital Advisors Inc. OK bought a new stake in Cimarex Energy in the fourth quarter worth approximately $205,000. Meeder Asset Management Inc. bought a new stake in Cimarex Energy in the third quarter worth approximately $206,000. Finally, Cue Financial Group Inc. bought a new stake in Cimarex Energy in the third quarter worth approximately $224,000. 92.31% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on the company. Jefferies Group set a $122.00 target price on Cimarex Energy and gave the stock a “hold” rating in a report on Tuesday, January 30th. Deutsche Bank assumed coverage on Cimarex Energy in a report on Thursday. They issued a “buy” rating and a $164.00 target price for the company. Stifel Nicolaus set a $188.00 target price on Cimarex Energy and gave the stock a “buy” rating in a report on Monday, January 29th. KeyCorp set a $140.00 target price on Cimarex Energy and gave the stock a “buy” rating in a report on Sunday, January 21st. Finally, Williams Capital lifted their target price on Cimarex Energy from $132.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company’s stock. Cimarex Energy presently has an average rating of “Buy” and an average price target of $140.90.
In other news, Director L Paul Teague sold 3,248 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $125.03, for a total transaction of $406,097.44. Following the completion of the sale, the director now owns 41,146 shares in the company, valued at $5,144,484.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Krista L. Johnson sold 5,341 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $116.46, for a total value of $622,012.86. Following the sale, the vice president now owns 42,938 shares of the company’s stock, valued at approximately $5,000,559.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,264 shares of company stock valued at $3,804,134. Corporate insiders own 1.70% of the company’s stock.
Shares of Cimarex Energy Co (NYSE:XEC) opened at $110.95 on Monday. The company has a market capitalization of $10,570.00, a P/E ratio of 27.74 and a beta of 1.14. Cimarex Energy Co has a 1-year low of $89.49 and a 1-year high of $136.31. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.29%. Cimarex Energy’s dividend payout ratio is 8.00%.
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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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