Stephen P. Bell Sells 2,500 Shares of Cimarex Energy Co (XEC) Stock
Cimarex Energy Co (NYSE:XEC) VP Stephen P. Bell sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $102.54, for a total transaction of $256,350.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Cimarex Energy Co (NYSE:XEC) opened at 99.48 on Friday. The stock has a market capitalization of $9.29 billion, a P/E ratio of 35.63 and a beta of 1.32. The stock’s 50 day moving average is $98.00 and its 200-day moving average is $108.12. Cimarex Energy Co has a one year low of $89.49 and a one year high of $146.96.
Cimarex Energy (NYSE:XEC) last posted its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.11. Cimarex Energy had a net margin of 15.64% and a return on equity of 13.29%. The company had revenue of $456.50 million during the quarter, compared to analyst estimates of $441.52 million. During the same period in the prior year, the firm earned $0.07 earnings per share. The business’s quarterly revenue was up 52.7% on a year-over-year basis. On average, equities research analysts expect that Cimarex Energy Co will post $4.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Tuesday, November 14th. Cimarex Energy’s dividend payout ratio is presently 12.03%.
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A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Cimarex Energy by 0.7% during the second quarter. Vanguard Group Inc. now owns 9,899,309 shares of the oil and gas producer’s stock valued at $930,634,000 after buying an additional 64,420 shares in the last quarter. BlackRock Inc. lifted its stake in Cimarex Energy by 5.2% during the second quarter. BlackRock Inc. now owns 7,512,811 shares of the oil and gas producer’s stock valued at $706,278,000 after buying an additional 371,390 shares in the last quarter. State Street Corp lifted its stake in Cimarex Energy by 3.0% during the second quarter. State Street Corp now owns 5,458,745 shares of the oil and gas producer’s stock valued at $513,162,000 after buying an additional 157,612 shares in the last quarter. FMR LLC lifted its stake in Cimarex Energy by 1.4% during the second quarter. FMR LLC now owns 4,224,735 shares of the oil and gas producer’s stock valued at $397,166,000 after buying an additional 59,537 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its stake in Cimarex Energy by 8.2% during the second quarter. Diamond Hill Capital Management Inc. now owns 4,063,310 shares of the oil and gas producer’s stock valued at $381,992,000 after buying an additional 307,581 shares in the last quarter. 91.31% of the stock is owned by institutional investors.
Several analysts recently commented on XEC shares. FBR & Co set a $141.00 price objective on shares of Cimarex Energy and gave the company a “buy” rating in a research note on Thursday, May 18th. Credit Suisse Group started coverage on shares of Cimarex Energy in a research note on Thursday, June 1st. They issued an “outperform” rating and a $138.00 price objective for the company. Cowen and Company set a $135.00 price objective on shares of Cimarex Energy and gave the company a “buy” rating in a research note on Friday, August 25th. Stifel Nicolaus reiterated a “buy” rating on shares of Cimarex Energy in a research note on Wednesday, June 28th. Finally, BMO Capital Markets set a $150.00 price objective on shares of Cimarex Energy and gave the company a “buy” rating in a research note on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $136.40.
Cimarex Energy Company Profile
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.
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