Cimarex Energy Co (XEC) Position Boosted by Thrivent Financial For Lutherans
Thrivent Financial For Lutherans boosted its position in Cimarex Energy Co (NYSE:XEC) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 245,400 shares of the oil and gas producer’s stock after buying an additional 2,060 shares during the period. Thrivent Financial For Lutherans owned approximately 0.26% of Cimarex Energy worth $23,070,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Cimarex Energy by 3,127.3% in the first quarter. BlackRock Inc. now owns 7,141,421 shares of the oil and gas producer’s stock valued at $853,329,000 after buying an additional 6,920,140 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Cimarex Energy by 2.7% in the first quarter. Public Employees Retirement System of Ohio now owns 51,868 shares of the oil and gas producer’s stock valued at $6,198,000 after buying an additional 1,350 shares during the period. Xact Kapitalforvaltning AB lifted its holdings in Cimarex Energy by 17.0% in the second quarter. Xact Kapitalforvaltning AB now owns 8,339 shares of the oil and gas producer’s stock valued at $784,000 after buying an additional 1,213 shares during the period. Laurion Capital Management LP acquired a new position in Cimarex Energy in the first quarter valued at $299,000. Finally, Vanguard Group Inc. lifted its holdings in Cimarex Energy by 2.8% in the first quarter. Vanguard Group Inc. now owns 9,834,889 shares of the oil and gas producer’s stock valued at $1,175,170,000 after buying an additional 269,198 shares during the period. Institutional investors and hedge funds own 90.25% of the company’s stock.
In related news, Director Harold R. Logan, Jr. sold 913 shares of Cimarex Energy stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $105.83, for a total transaction of $96,622.79. Following the completion of the transaction, the director now directly owns 9,299 shares of the company’s stock, valued at approximately $984,113.17. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP John Lambuth sold 2,136 shares of Cimarex Energy 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 completion of the transaction, the senior vice president now directly owns 106,532 shares of the company’s stock, valued at $10,636,154.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,299 shares of company stock valued at $2,204,271. 1.70% of the stock is currently owned by corporate insiders.
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XEC has been the topic of several recent analyst reports. Williams Capital restated a “buy” rating and issued a $136.00 target price on shares of Cimarex Energy in a report on Wednesday, August 9th. Scotiabank set a $143.00 target price on shares of Cimarex Energy and gave the company a “buy” rating in a report on Saturday, July 1st. Stifel Nicolaus restated a “buy” rating on shares of Cimarex Energy in a report on Wednesday, June 28th. Citigroup Inc. dropped their target price on shares of Cimarex Energy from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Finally, Cowen and Company set a $135.00 target price on shares of Cimarex Energy and gave the company a “buy” rating in a report on Friday, August 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $134.19.
Cimarex Energy Co (XEC) traded up 0.47% during midday trading on Tuesday, hitting $107.75. 78,146 shares of the company were exchanged. The firm has a market capitalization of $10.06 billion, a PE ratio of 38.59 and a beta of 1.32. The stock has a 50 day moving average of $99.35 and a 200 day moving average of $106.87. Cimarex Energy Co has a 1-year low of $89.49 and a 1-year high of $146.96.
Cimarex Energy (NYSE:XEC) last issued its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 earnings per share (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 analysts’ expectations of $441.52 million. During the same period last year, the company posted $0.07 EPS. Cimarex Energy’s revenue was up 52.7% on a year-over-year basis. On average, equities analysts predict that Cimarex Energy Co will post $4.17 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.30%. Cimarex Energy’s dividend payout ratio (DPR) is currently 12.03%.
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.
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