Nordea Investment Management AB lifted its stake in shares of Cimarex Energy Co (NYSE:XEC) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,637 shares of the oil and gas producer’s stock after acquiring an additional 2,543 shares during the quarter. Nordea Investment Management AB owned approximately 0.13% of Cimarex Energy worth $14,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of XEC. State of Alaska Department of Revenue increased its holdings in Cimarex Energy by 0.7% in the second quarter. State of Alaska Department of Revenue now owns 1,427 shares of the oil and gas producer’s stock worth $134,000 after purchasing an additional 10 shares in the last quarter. ING Groep NV increased its holdings in Cimarex Energy by 0.3% in the second quarter. ING Groep NV now owns 4,878 shares of the oil and gas producer’s stock worth $459,000 after purchasing an additional 17 shares in the last quarter. Advisor Group Inc. increased its holdings in Cimarex Energy by 5.3% in the second quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock worth $113,000 after purchasing an additional 60 shares in the last quarter. Virtu KCG Holdings LLC increased its holdings in Cimarex Energy by 0.6% in the second quarter. Virtu KCG Holdings LLC now owns 15,740 shares of the oil and gas producer’s stock worth $1,480,000 after purchasing an additional 96 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in Cimarex Energy by 0.4% in the second quarter. Arizona State Retirement System now owns 23,600 shares of the oil and gas producer’s stock worth $2,219,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

XEC has been the subject of a number of research analyst reports. Citigroup reiterated a “buy” rating and issued a $120.00 target price on shares of Cimarex Energy in a report on Friday, October 13th. Cowen set a $135.00 target price on Cimarex Energy and gave the stock a “buy” rating in a report on Friday, August 25th. Stifel Nicolaus set a $169.00 target price on Cimarex Energy and gave the stock a “buy” rating in a report on Wednesday, August 16th. Williams Capital reiterated a “buy” rating and issued a $136.00 target price on shares of Cimarex Energy in a report on Wednesday, August 9th. Finally, KeyCorp reiterated a “buy” rating and issued a $130.00 target price on shares of Cimarex Energy in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $137.14.

Cimarex Energy Co (NYSE:XEC) traded up $1.59 during midday trading on Wednesday, hitting $114.24. The stock had a trading volume of 597,600 shares, compared to its average volume of 1,053,439. The company has a market capitalization of $11,099.80, a P/E ratio of 30.66 and a beta of 1.35. Cimarex Energy Co has a 52-week low of $89.49 and a 52-week high of $146.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.42 and a current ratio of 1.51.

Cimarex Energy (NYSE:XEC) last released its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.12. The firm had revenue of $463.68 million during the quarter, compared to the consensus estimate of $451.53 million. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The company’s quarterly revenue was up 38.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 earnings per share. equities analysts expect that Cimarex Energy Co will post 4.35 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. Cimarex Energy’s dividend payout ratio is 8.51%.

In related news, VP Stephen P. Bell sold 2,500 shares of Cimarex Energy stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $102.54, for a total transaction of $256,350.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Krista L. Johnson sold 5,341 shares of Cimarex Energy stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $116.46, for a total value of $622,012.86. Following the transaction, the vice president now directly owns 42,938 shares in the company, valued at approximately $5,000,559.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,448 shares of company stock valued at $3,468,665. Corporate insiders own 1.70% of the company’s stock.

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Cimarex Energy 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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Institutional Ownership by Quarter for Cimarex Energy (NYSE:XEC)

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