Cimarex Energy Co. (NYSE:XEC) COO Joseph R. Albi sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $121.04, for a total value of $181,560.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Joseph R. Albi also recently made the following trade(s):

  • On Wednesday, November 9th, Joseph R. Albi sold 3,093 shares of Cimarex Energy stock. The shares were sold at an average price of $123.47, for a total value of $381,892.71.
  • On Wednesday, November 9th, Joseph R. Albi sold 1,593 shares of Cimarex Energy stock. The shares were sold at an average price of $125.75, for a total value of $200,319.75.
  • On Thursday, August 18th, Joseph R. Albi sold 1,500 shares of Cimarex Energy stock. The shares were sold at an average price of $130.50, for a total value of $195,750.00.

Cimarex Energy Co. (NYSE:XEC) opened at 124.51 on Monday. Cimarex Energy Co. has a 52-week low of $72.77 and a 52-week high of $142.20. The firm’s market capitalization is $11.82 billion. The firm’s 50-day moving average is $132.07 and its 200 day moving average is $123.59.

Insider Buying and Selling by Quarter for Cimarex Energy (NYSE:XEC)

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. Cimarex Energy’s payout ratio is presently -2.70%.

A number of equities analysts recently issued reports on the company. Nomura reissued a “hold” rating and issued a $129.00 price objective on shares of Cimarex Energy in a report on Monday, November 7th. KLR Group raised Cimarex Energy from a “hold” rating to an “accumulate” rating and increased their price objective for the stock from $143.00 to $152.00 in a report on Monday, November 7th. Susquehanna raised Cimarex Energy from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $121.53 to $148.00 in a report on Friday, November 4th. FBR & Co reissued a “buy” rating on shares of Cimarex Energy in a report on Thursday, November 3rd. Finally, Stifel Nicolaus increased their price objective on Cimarex Energy from $142.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $127.58.

A number of institutional investors have recently made changes to their positions in XEC. British Columbia Investment Management Corp boosted its position in shares of Cimarex Energy by 31.7% in the second quarter. British Columbia Investment Management Corp now owns 67,217 shares of the company’s stock worth $8,020,000 after buying an additional 16,161 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Cimarex Energy by 2.8% in the first quarter. Arizona State Retirement System now owns 25,700 shares of the company’s stock worth $2,500,000 after buying an additional 700 shares in the last quarter. Springbok Capital Management LLC boosted its position in shares of Cimarex Energy by 587.0% in the first quarter. Springbok Capital Management LLC now owns 34,887 shares of the company’s stock worth $3,393,000 after buying an additional 29,809 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Cimarex Energy by 68.5% in the first quarter. Envestnet Asset Management Inc. now owns 13,066 shares of the company’s stock worth $1,271,000 after buying an additional 5,310 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Cimarex Energy by 2.2% in the first quarter. Legal & General Group Plc now owns 379,362 shares of the company’s stock worth $36,899,000 after buying an additional 8,090 shares in the last quarter. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

About Cimarex Energy

Cimarex Energy Co is an independent oil and gas exploration and production company. The Company’s segment is exploration and production. Its operations are located mainly in Oklahoma, Texas and New Mexico. Its operations are focused in approximately two main areas, such as the Permian Basin and the Mid-Continent region.

5 Day Chart for NYSE:XEC

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