Swiss National Bank cut its holdings in Cimarex Energy Co (NYSE:XEC) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 330,264 shares of the oil and gas producer’s stock after selling 4,800 shares during the quarter. Swiss National Bank owned 0.33% of Cimarex Energy worth $19,595,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of XEC. Quantamental Technologies LLC acquired a new position in shares of Cimarex Energy during the first quarter worth approximately $31,000. Valeo Financial Advisors LLC grew its holdings in Cimarex Energy by 319.8% during the second quarter. Valeo Financial Advisors LLC now owns 487 shares of the oil and gas producer’s stock worth $29,000 after buying an additional 371 shares in the last quarter. Nvwm LLC grew its holdings in Cimarex Energy by 462.0% during the first quarter. Nvwm LLC now owns 517 shares of the oil and gas producer’s stock worth $36,000 after buying an additional 425 shares in the last quarter. Advisory Services Network LLC grew its holdings in Cimarex Energy by 1,170.2% during the second quarter. Advisory Services Network LLC now owns 597 shares of the oil and gas producer’s stock worth $36,000 after buying an additional 550 shares in the last quarter. Finally, Bremer Bank National Association bought a new stake in Cimarex Energy during the first quarter worth $48,000. 95.69% of the stock is currently owned by hedge funds and other institutional investors.
XEC has been the subject of several recent research reports. Piper Jaffray Companies set a $68.00 price target on Cimarex Energy and gave the stock a “hold” rating in a report on Friday, August 16th. Williams Capital reiterated a “buy” rating and set a $83.00 price target on shares of Cimarex Energy in a report on Monday, July 22nd. KeyCorp initiated coverage on Cimarex Energy in a report on Thursday, June 27th. They set an “overweight” rating and a $66.00 price target for the company. Wells Fargo & Co initiated coverage on Cimarex Energy in a report on Monday, May 20th. They set a “market perform” rating and a $86.00 price target for the company. Finally, BMO Capital Markets downgraded Cimarex Energy from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $82.00 to $67.00 in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $77.39.
Cimarex Energy (NYSE:XEC) last announced its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.38). The business had revenue of $546.46 million during the quarter, compared to the consensus estimate of $594.90 million. Cimarex Energy had a net margin of 25.66% and a return on equity of 16.59%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.59 EPS. Sell-side analysts anticipate that Cimarex Energy Co will post 5.03 earnings per share for the current year.
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, 2018, it had a total proved reserves of 591.2 million barrels of oil equivalent, consisting of 1.59 trillion cubic feet of natural gas; 146.5 million barrels (MMBbls) of oil; and 179.4 MMBbls of natural gas liquids primarily located in the Permian Basin and Mid-Continent regions.
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