Credit Suisse AG lessened its stake in Cimarex Energy Co (NYSE:XEC) by 17.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,202 shares of the oil and gas producer’s stock after selling 29,333 shares during the quarter. Credit Suisse AG owned about 0.14% of Cimarex Energy worth $12,751,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Paloma Partners Management Co grew its position in Cimarex Energy by 20.4% in the second quarter. Paloma Partners Management Co now owns 71,280 shares of the oil and gas producer’s stock valued at $7,252,000 after acquiring an additional 12,079 shares during the last quarter. Swiss National Bank grew its position in Cimarex Energy by 3.5% in the second quarter. Swiss National Bank now owns 315,161 shares of the oil and gas producer’s stock valued at $32,064,000 after acquiring an additional 10,600 shares during the last quarter. Investec Asset Management LTD grew its position in Cimarex Energy by 173.1% in the second quarter. Investec Asset Management LTD now owns 118,291 shares of the oil and gas producer’s stock valued at $12,035,000 after acquiring an additional 74,981 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Cimarex Energy by 41.5% in the second quarter. Canada Pension Plan Investment Board now owns 48,423 shares of the oil and gas producer’s stock valued at $4,927,000 after acquiring an additional 14,213 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Cimarex Energy by 44.3% in the second quarter. PNC Financial Services Group Inc. now owns 17,645 shares of the oil and gas producer’s stock valued at $1,797,000 after acquiring an additional 5,419 shares during the last quarter. 98.53% of the stock is owned by institutional investors and hedge funds.

NYSE:XEC opened at $75.40 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.62 and a debt-to-equity ratio of 0.49. The stock has a market cap of $7.74 billion, a PE ratio of 16.22 and a beta of 1.10. Cimarex Energy Co has a 1-year low of $73.01 and a 1-year high of $130.16.

Cimarex Energy (NYSE:XEC) last posted its quarterly earnings data on Tuesday, November 6th. The oil and gas producer reported $1.99 EPS for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.47. The company had revenue of $591.50 million for the quarter, compared to analyst estimates of $561.67 million. Cimarex Energy had a return on equity of 23.33% and a net margin of 28.70%. The firm’s quarterly revenue was up 27.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.09 earnings per share. As a group, sell-side analysts anticipate that Cimarex Energy Co will post 7.14 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.95%. Cimarex Energy’s dividend payout ratio is currently 15.48%.

A number of research analysts have issued reports on XEC shares. Williams Capital set a $129.00 target price on Cimarex Energy and gave the company a “buy” rating in a research report on Wednesday, November 7th. KLR Group restated a “buy” rating and set a $117.00 price target on shares of Cimarex Energy in a report on Monday, August 20th. Morgan Stanley set a $124.00 price target on Cimarex Energy and gave the stock a “buy” rating in a report on Friday, October 12th. Jefferies Financial Group set a $117.00 price target on Cimarex Energy and gave the stock a “buy” rating in a report on Tuesday, November 20th. Finally, MKM Partners began coverage on Cimarex Energy in a report on Wednesday. They set a “buy” rating and a $108.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $125.00.

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Cimarex Energy Company Profile

Cimarex Energy Co operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2017, it had a total proved oil and gas reserves of 3.35 trillion cubic feet equivalent (Tcfe) consisting of 1.61 trillion cubic feet of natural gas, 0.82 Tcfe of oil, and 0.92 Tcfe of natural gas liquids primarily located in the Mid-Continent and Permian Basin regions.

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

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