Teacher Retirement System of Texas Has $14,541,000 Stake in Cimarex Energy Co. (XEC)
Teacher Retirement System of Texas cut its stake in Cimarex Energy Co. (NYSE:XEC) by 14.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,218 shares of the company’s stock after selling 18,933 shares during the period. Teacher Retirement System of Texas owned approximately 0.11% of Cimarex Energy worth $14,541,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. NEXT Financial Group Inc increased 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 valued at $103,000 after buying an additional 420 shares during the last quarter. Societe Generale acquired a new position in shares of Cimarex Energy during the second quarter worth approximately $128,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of Cimarex Energy during the second quarter worth approximately $131,000. MU Investments Co. Ltd. acquired a new position in shares of Cimarex Energy during the third quarter worth approximately $144,000. Finally, Mizuho Asset Management Co. Ltd. increased its position 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 worth $147,000 after buying an additional 606 shares in the last quarter. 90.38% of the stock is owned by institutional investors.
Cimarex Energy Co. (NYSE:XEC) traded down 0.069% during midday trading on Tuesday, hitting $123.735. The stock had a trading volume of 685,618 shares. Cimarex Energy Co. has a one year low of $72.77 and a one year high of $142.20. The company’s market cap is $11.75 billion. The stock’s 50-day moving average is $130.77 and its 200-day moving average is $125.06.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, November 10th. Cimarex Energy’s dividend payout ratio (DPR) is currently -2.70%.
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XEC has been the subject of a number of analyst reports. FBR & Co reissued a “buy” rating on shares of Cimarex Energy in a report on Thursday, November 3rd. Canaccord Genuity reduced their price target on Cimarex Energy from $112.00 to $94.00 and set a “hold” rating for the company in a report on Thursday, August 11th. Deutsche Bank AG increased their price target on Cimarex Energy from $120.00 to $140.00 and gave the company a “hold” rating in a report on Wednesday, August 10th. Citigroup Inc. increased their price target on Cimarex Energy from $149.00 to $157.00 and gave the company a “buy” rating in a report on Monday, September 12th. Finally, Wells Fargo & Co. initiated coverage on Cimarex Energy in a report on Wednesday, August 31st. They issued an “outperform” rating and a $150.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company. Cimarex Energy currently has an average rating of “Buy” and a consensus target price of $127.58.
In other news, CEO Thomas E. Jorden sold 2,500 shares of Cimarex Energy stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $122.50, for a total value of $306,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Francis Brian Barron sold 500 shares of Cimarex Energy stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 67,039 shares of the company’s stock, valued at approximately $9,086,466.06. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by 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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