Engineers Gate Manager LP purchased a new stake in Cimarex Energy Co (NYSE:XEC) during the 4th quarter, Holdings Channel reports. The fund purchased 4,779 shares of the oil and gas producer’s stock, valued at approximately $583,000.

A number of other hedge funds also recently made changes to their positions in the stock. Front Row Advisors LLC acquired a new stake in Cimarex Energy in the 4th quarter valued at $335,000. Howland Capital Management LLC boosted its stake in Cimarex Energy by 1.0% in the fourth quarter. Howland Capital Management LLC now owns 85,372 shares of the oil and gas producer’s stock worth $10,416,000 after purchasing an additional 867 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in Cimarex Energy by 6.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 26,489 shares of the oil and gas producer’s stock worth $3,232,000 after purchasing an additional 1,550 shares in the last quarter. Bessemer Group Inc. boosted its stake in Cimarex Energy by 24.9% in the fourth quarter. Bessemer Group Inc. now owns 37,692 shares of the oil and gas producer’s stock worth $4,599,000 after purchasing an additional 7,522 shares in the last quarter. Finally, LMR Partners LLP acquired a new position in Cimarex Energy in the fourth quarter worth $200,000. 93.28% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have commented on XEC shares. Credit Suisse Group started coverage on Cimarex Energy in a research note on Monday, December 11th. They issued an “outperform” rating and a $140.00 price objective on the stock. Morgan Stanley boosted their price objective on Cimarex Energy from $138.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Jefferies Group set a $117.00 price objective on Cimarex Energy and gave the stock a “hold” rating in a research note on Wednesday, December 20th. UBS Group lowered Cimarex Energy from a “positive” rating to a “neutral” rating in a research note on Monday, November 13th. Finally, Deutsche Bank started coverage on Cimarex Energy in a research note on Thursday, February 1st. They issued a “buy” rating and a $164.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $141.38.

Cimarex Energy Co (XEC) opened at $99.78 on Wednesday. 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 Co has a one year low of $89.49 and a one year high of $136.31. The stock has a market capitalization of $9,510.00, a price-to-earnings ratio of 24.95 and a beta of 1.14.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Wednesday, February 14th. Cimarex Energy’s dividend payout ratio (DPR) is presently 8.00%.

In related news, VP Joseph R. Albi sold 1,750 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $114.78, for a total value of $200,865.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Francis Brian Barron sold 3,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $112.59, for a total value of $337,770.00. Following the completion of the sale, the senior vice president now owns 87,723 shares of the company’s stock, valued at approximately $9,876,732.57. The disclosure for this sale can be found here. Insiders have sold 17,479 shares of company stock worth $2,000,868 in the last ninety days. 1.70% of the stock is currently owned by insiders.

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

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