Macquarie Group Ltd. held its stake in shares of Cimarex Energy Co. (NYSE:XEC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,200 shares of the company’s stock at the end of the second quarter. Macquarie Group Ltd.’s holdings in Cimarex Energy were worth $263,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of XEC. Wellington Management Group LLP increased its stake in shares of Cimarex Energy by 36.8% in the first quarter. Wellington Management Group LLP now owns 1,912,324 shares of the company’s stock worth $186,011,000 after buying an additional 514,536 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Cimarex Energy by 2.4% in the first quarter. Geode Capital Management LLC now owns 772,277 shares of the company’s stock worth $74,966,000 after buying an additional 18,291 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Cimarex Energy by 68.5% in the first quarter. Envestnet Asset Management Inc. now owns 13,066 shares of the company’s stock worth $1,271,000 after buying an additional 5,310 shares during the last quarter. National Pension Service increased its stake in shares of Cimarex Energy by 4.4% in the first quarter. National Pension Service now owns 68,422 shares of the company’s stock worth $6,655,000 after buying an additional 2,908 shares during the last quarter. Finally, Shell Asset Management Co. increased its stake in shares of Cimarex Energy by 106.5% in the second quarter. Shell Asset Management Co. now owns 27,330 shares of the company’s stock worth $3,261,000 after buying an additional 14,095 shares during the last quarter. 92.39% of the stock is currently owned by institutional investors.
Cimarex Energy Co. (NYSE:XEC) opened at 134.37 on Monday. The company’s 50-day moving average price is $130.41 and its 200-day moving average price is $116.85. Cimarex Energy Co. has a 12 month low of $72.77 and a 12 month high of $136.95. The stock’s market cap is $12.76 billion.
Cimarex Energy (NYSE:XEC) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.18. Cimarex Energy had a negative return on equity of 2.41% and a negative net margin of 153.32%. The business had revenue of $298.90 million for the quarter, compared to analysts’ expectations of $279.22 million. During the same quarter last year, the firm earned $0.15 earnings per share. The business’s revenue was down 29.6% on a year-over-year basis. Equities analysts forecast that Cimarex Energy Co. will post $0.62 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Thursday, November 10th. Cimarex Energy’s dividend payout ratio (DPR) is -1.61%.
A number of equities research analysts recently weighed in on XEC shares. Williams Capital started coverage on Cimarex Energy in a research report on Monday, August 29th. They set a “hold” rating and a $143.00 price objective on the stock. FBR & Co assumed coverage on Cimarex Energy in a research note on Tuesday, September 13th. They issued an “outperform” rating and a $160.00 price target for the company. Citigroup Inc. increased their price target on Cimarex Energy from $149.00 to $157.00 and gave the company a “buy” rating in a research note on Monday, September 12th. Barclays PLC increased their price target on Cimarex Energy from $117.00 to $138.00 and gave the company an “overweight” rating in a research note on Monday, August 8th. Finally, Zacks Investment Research cut Cimarex Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $119.68.
In other news, VP Gary R. Abbott sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $132.00, for a total transaction of $990,000.00. Following the sale, the vice president now owns 104,072 shares in the company, valued at $13,737,504. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Francis Brian Barron sold 500 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $131.15, for a total value of $65,575.00. Following the sale, the senior vice president now owns 67,539 shares in the company, valued at approximately $8,857,739.85. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
About Cimarex Energy
Cimarex Energy Co is an independent oil and gas exploration and production company. The Company’s segment is exploration and production. Its operations are located mainly in Oklahoma, Texas and New Mexico. Its operations are focused in approximately two main areas, such as the Permian Basin and the Mid-Continent region.
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