Mn Services Vermogensbeheer B.V. Increases Position in Cimarex Energy Co (NYSE:XEC)
Mn Services Vermogensbeheer B.V. raised its position in Cimarex Energy Co (NYSE:XEC) by 509.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,439 shares of the oil and gas producer’s stock after buying an additional 12,906 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Cimarex Energy were worth $1,451,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in shares of Cimarex Energy during the fourth quarter worth approximately $7,189,000. Ladenburg Thalmann Financial Services Inc. increased its position in Cimarex Energy by 8.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 882 shares of the oil and gas producer’s stock worth $122,000 after buying an additional 69 shares during the period. Quadrature Capital Ltd increased its position in Cimarex Energy by 122.8% in the fourth quarter. Quadrature Capital Ltd now owns 12,125 shares of the oil and gas producer’s stock worth $1,648,000 after buying an additional 6,683 shares during the period. Hudson Bay Capital Management LP purchased a new position in Cimarex Energy during the fourth quarter worth about $1,699,000. Finally, Kentucky Retirement Systems purchased a new position in Cimarex Energy during the fourth quarter worth about $936,000. 94.55% of the stock is owned by institutional investors.
Cimarex Energy Co (XEC) traded up 2.08% on Friday, hitting $98.30. The stock had a trading volume of 1,130,361 shares. The company’s 50 day moving average is $95.56 and its 200-day moving average is $111.35. The stock has a market cap of $9.18 billion, a P/E ratio of 35.21 and a beta of 1.32. Cimarex Energy Co has a 12 month low of $89.49 and a 12 month high of $146.96.
Cimarex Energy (NYSE:XEC) last posted its earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 EPS for the quarter, topping the consensus estimate of $0.95 by $0.11. The firm had revenue of $456.50 million for the quarter, compared to analyst estimates of $441.52 million. Cimarex Energy had a return on equity of 13.29% and a net margin of 15.64%. Cimarex Energy’s revenue for the quarter was up 52.7% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share. Analysts forecast that Cimarex Energy Co will post $4.20 EPS for the current year.
XEC has been the subject of a number of research reports. Barclays PLC reiterated an “overweight” rating and issued a $129.00 price objective (down previously from $139.00) on shares of Cimarex Energy in a report on Saturday, April 22nd. KLR Group reiterated a “buy” rating and issued a $151.00 price objective (up previously from $149.00) on shares of Cimarex Energy in a report on Wednesday, May 17th. Citigroup Inc. reiterated a “buy” rating and issued a $166.00 price objective (up previously from $164.00) on shares of Cimarex Energy in a report on Saturday, April 22nd. BidaskClub upgraded Cimarex Energy from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $119.00 price objective on shares of Cimarex Energy in a report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $138.20.
In related news, SVP John Lambuth sold 2,136 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $99.84, for a total transaction of $213,258.24. Following the sale, the senior vice president now directly owns 106,532 shares of the company’s stock, valued at $10,636,154.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas E. Jorden sold 2,500 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $101.67, for a total value of $254,175.00. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.
About Cimarex Energy
Cimarex Energy Co is an independent oil and gas exploration and production company. The Company operates in exploration and production (E&P) segment. Its operations are located in Oklahoma, Texas and New Mexico. Its E&P activities take place primarily in two areas: the Permian Basin and the Mid-Continent region.
Receive News & Stock Ratings for Cimarex Energy Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cimarex Energy Co and related stocks with our FREE daily email newsletter.