Cimarex Energy Co (XEC) Holdings Reduced by Sentry Investment Management LLC
Sentry Investment Management LLC decreased its holdings in shares of Cimarex Energy Co (NYSE:XEC) by 45.5% in the fourth quarter, Holdings Channel reports. The firm owned 4,113 shares of the oil and gas producer’s stock after selling 3,437 shares during the quarter. Sentry Investment Management LLC’s holdings in Cimarex Energy were worth $502,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. California Public Employees Retirement System raised its position in Cimarex Energy by 6.8% during the 4th quarter. California Public Employees Retirement System now owns 208,662 shares of the oil and gas producer’s stock valued at $25,459,000 after purchasing an additional 13,315 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Cimarex Energy during the 4th quarter worth approximately $3,150,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Cimarex Energy by 5.7% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,762 shares of the oil and gas producer’s stock worth $1,863,000 after acquiring an additional 794 shares during the period. American Century Companies Inc. grew its holdings in shares of Cimarex Energy by 226.7% during the 4th quarter. American Century Companies Inc. now owns 879,814 shares of the oil and gas producer’s stock worth $107,346,000 after acquiring an additional 610,508 shares during the period. Finally, Meeder Asset Management Inc. grew its holdings in shares of Cimarex Energy by 333.5% during the 4th quarter. Meeder Asset Management Inc. now owns 7,842 shares of the oil and gas producer’s stock worth $956,000 after acquiring an additional 6,033 shares during the period. 93.28% of the stock is owned by institutional investors and hedge funds.
XEC has been the topic of a number of research analyst reports. KeyCorp reiterated a “buy” rating on shares of Cimarex Energy in a report on Wednesday, November 8th. Morgan Stanley upped their target price on Cimarex Energy from $138.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Cowen set a $165.00 target price on Cimarex Energy and gave the stock a “buy” rating in a report on Thursday, January 18th. Williams Capital upped their target price on Cimarex Energy from $132.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, KLR Group downgraded Cimarex Energy from a “buy” rating to a “hold” rating and set a $138.00 target price on the stock. in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company. Cimarex Energy currently has an average rating of “Buy” and a consensus target price of $140.62.
Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Wednesday, February 14th. The oil and gas producer reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.07. The company had revenue of $550.90 million for the quarter, compared to the consensus estimate of $537.74 million. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The firm’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 EPS. analysts forecast that Cimarex Energy Co will post 4.59 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.32 annualized dividend and a yield of 0.31%. Cimarex Energy’s dividend payout ratio (DPR) is presently 8.00%.
In other news, Director Lisa A. Stewart purchased 248 shares of the stock in a transaction dated Friday, December 8th. The shares were purchased at an average cost of $112.06 per share, with a total value of $27,790.88. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Joseph R. Albi sold 1,750 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $114.78, for a total value of $200,865.00. The disclosure for this sale can be found here. Insiders sold a total of 17,479 shares of company stock worth $2,000,868 over the last ninety days. 1.70% of the stock is currently owned by insiders.
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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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