Cimarex Energy Co. (NYSE:XEC) – KeyCorp raised their Q3 2018 earnings estimates for shares of Cimarex Energy in a research note issued on Tuesday. KeyCorp analyst D. Deckelbaum now expects that the firm will post earnings of $1.40 per share for the quarter, up from their previous forecast of $1.30. KeyCorp also issued estimates for Cimarex Energy’s FY2018 earnings at $5.57 EPS.

Earnings History and Estimates for Cimarex Energy (NYSE:XEC)

Several other equities research analysts have also commented on XEC. Citigroup Inc. increased their price objective on shares of Cimarex Energy from $149.00 to $157.00 and gave the company a “buy” rating in a research note on Monday, September 12th. Williams Capital started coverage on shares of Cimarex Energy in a research note on Monday, August 29th. They issued a “hold” rating and a $143.00 price objective for the company. Zacks Investment Research lowered shares of Cimarex Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. Canaccord Genuity decreased their price objective on shares of Cimarex Energy from $112.00 to $94.00 and set a “hold” rating for the company in a research note on Thursday, August 11th. Finally, KLR Group upgraded shares of Cimarex Energy from a “hold” rating to an “accumulate” rating and increased their price objective for the company from $143.00 to $152.00 in a research note on Monday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $127.58.

Cimarex Energy (NYSE:XEC) traded down 1.32% during midday trading on Friday, hitting $128.00. 422,150 shares of the stock were exchanged. The firm’s 50-day moving average price is $131.74 and its 200 day moving average price is $124.72. The firm’s market capitalization is $12.16 billion. Cimarex Energy has a 1-year low of $72.77 and a 1-year high of $142.20.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Thursday, November 10th. Cimarex Energy’s dividend payout ratio (DPR) is currently -2.70%.

In other news, VP Joseph R. Albi sold 3,093 shares of the firm’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $123.47, for a total transaction of $381,892.71. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Francis Brian Barron sold 500 shares of the firm’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $135.54, for a total transaction of $67,770.00. Following the sale, the senior vice president now owns 67,039 shares in the company, valued at approximately $9,086,466.06. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of XEC. AXA boosted its position in shares of Cimarex Energy by 22.3% in the first quarter. AXA now owns 1,681 shares of the company’s stock worth $164,000 after buying an additional 307 shares during the last quarter. Nuveen Asset Management LLC boosted its position in shares of Cimarex Energy by 1.4% in the first quarter. Nuveen Asset Management LLC now owns 17,114 shares of the company’s stock worth $1,665,000 after buying an additional 230 shares during the last quarter. AMP Capital Investors Ltd boosted its position in shares of Cimarex Energy by 23.2% in the first quarter. AMP Capital Investors Ltd now owns 40,328 shares of the company’s stock worth $3,893,000 after buying an additional 7,600 shares during the last quarter. 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 during the last quarter. Finally, 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 during the last quarter. Institutional investors own 92.89% of the company’s stock.

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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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