Cimarex Energy Co. (XEC) Shares Sold by Howland Capital Management LLC
Howland Capital Management LLC reduced its stake in shares of Cimarex Energy Co. (NYSE:XEC) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,029 shares of the company’s stock after selling 1,100 shares during the period. Howland Capital Management LLC owned 0.09% of Cimarex Energy worth $12,097,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in XEC. Societe Generale bought a new stake in shares of Cimarex Energy during the second quarter valued at about $128,000. Point72 Asia Hong Kong Ltd bought a new stake in shares of Cimarex Energy during the second quarter valued at about $131,000. Mizuho Asset Management Co. Ltd. raised its stake in shares of Cimarex Energy by 96.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,234 shares of the company’s stock valued at $147,000 after buying an additional 606 shares during the period. Euclid Advisors LLC bought a new stake in shares of Cimarex Energy during the second quarter valued at about $167,000. Finally, BOKF NA bought a new stake in shares of Cimarex Energy during the second quarter valued at about $178,000. Institutional investors and hedge funds own 90.38% of the company’s stock.
Cimarex Energy Co. (NYSE:XEC) traded down 3.26% on Monday, reaching $123.83. 1,080,376 shares of the company’s stock traded hands. Cimarex Energy Co. has a 52 week low of $72.77 and a 52 week high of $142.20. The stock has a 50-day moving average of $131.19 and a 200 day moving average of $124.84. The firm’s market capitalization is $11.76 billion.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be issued a $0.08 dividend. The ex-dividend date is Thursday, November 10th. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. Cimarex Energy’s dividend payout ratio (DPR) is -2.70%.
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Several analysts have recently issued reports on the stock. Citigroup Inc. lifted their target price on shares of Cimarex Energy from $149.00 to $157.00 and gave the company a “buy” rating in a research report 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 target on the stock. Zacks Investment Research downgraded 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 target on shares of Cimarex Energy from $112.00 to $94.00 and set a “hold” rating on the stock in a research note on Thursday, August 11th. Finally, KLR Group raised shares of Cimarex Energy from a “hold” rating to an “accumulate” rating and raised their price target for the stock from $143.00 to $152.00 in a research note on Monday, November 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $127.58.
In other news, COO Joseph R. Albi sold 1,593 shares of the stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $125.75, for a total transaction of $200,319.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Francis Brian Barron sold 500 shares of the stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $135.54, for a total transaction of $67,770.00. Following the transaction, the senior vice president now owns 67,039 shares in the company, valued at $9,086,466.06. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.
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.
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