Cimarex Energy Co. (NYSE:XEC) VP Joseph R. Albi sold 3,093 shares of the business’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $123.47, for a total value of $381,892.71. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • 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 Tuesday, November 8th, Joseph R. Albi sold 1,500 shares of Cimarex Energy stock. The shares were sold at an average price of $121.04, for a total value of $181,560.00.
  • 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.

Shares of Cimarex Energy Co. (NYSE:XEC) opened at 125.03 on Tuesday. The stock’s 50 day moving average price is $132.11 and its 200 day moving average price is $123.87. Cimarex Energy Co. has a 12-month low of $72.77 and a 12-month high of $142.20. The firm’s market capitalization is $11.87 billion.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be issued a dividend of $0.08 per share. 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 dividend payout ratio (DPR) is currently -2.70%.

Several equities analysts recently issued reports on XEC shares. Stifel Nicolaus reiterated a “buy” rating on shares of Cimarex Energy in a research report on Wednesday, August 31st. Jefferies Group reiterated a “sell” rating on shares of Cimarex Energy in a research report on Thursday, August 11th. Deutsche Bank AG boosted their price objective on Cimarex Energy from $120.00 to $140.00 and gave the company a “hold” rating in a research report on Wednesday, August 10th. Nomura reiterated a “hold” rating and issued a $129.00 price objective on shares of Cimarex Energy in a research report on Monday, November 7th. Finally, FBR & Co began coverage on Cimarex Energy in a research report on Tuesday, September 13th. They set an “outperform” rating and a $160.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eight have given 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.

Hedge funds have recently modified their holdings of the company. NEXT Financial Group Inc raised its stake in shares of Cimarex Energy by 120.0% in the third quarter. NEXT Financial Group Inc now owns 770 shares of the company’s stock worth $103,000 after buying an additional 420 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Cimarex Energy by 537.1% in the third quarter. Tower Research Capital LLC TRC now owns 790 shares of the company’s stock worth $106,000 after buying an additional 666 shares during the period. Global X Management Co. LLC raised its stake in shares of Cimarex Energy by 80.3% in the third quarter. Global X Management Co. LLC now owns 1,064 shares of the company’s stock worth $143,000 after buying an additional 474 shares during the period. Societe Generale acquired a new stake in shares of Cimarex Energy during the second quarter worth approximately $128,000. Finally, Point72 Asia Hong Kong Ltd acquired a new stake in shares of Cimarex Energy during the second quarter worth approximately $131,000. Institutional investors and hedge funds own 92.77% of the company’s stock.

Cimarex Energy Company Profile

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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