Bragg Financial Advisors Inc maintained its position in Cimarex Energy Co (NYSE:XEC) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 3,030 shares of the oil and gas producer’s stock at the end of the first quarter. Bragg Financial Advisors Inc’s holdings in Cimarex Energy were worth $362,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of XEC. Cleararc Capital Inc. increased its position in Cimarex Energy by 1.3% in the first quarter. Cleararc Capital Inc. now owns 2,347 shares of the oil and gas producer’s stock valued at $280,000 after buying an additional 30 shares during the last quarter. Eagle Ridge Investment Management increased its position in Cimarex Energy by 3.0% in the first quarter. Eagle Ridge Investment Management now owns 1,720 shares of the oil and gas producer’s stock valued at $206,000 after buying an additional 50 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Cimarex Energy by 2.0% in the first quarter. Daiwa Securities Group Inc. now owns 2,550 shares of the oil and gas producer’s stock valued at $305,000 after buying an additional 50 shares during the last quarter. Pacer Advisors Inc. increased its position in Cimarex Energy by 3.2% in the first quarter. Pacer Advisors Inc. now owns 1,787 shares of the oil and gas producer’s stock valued at $214,000 after buying an additional 55 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in Cimarex Energy by 8.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 882 shares of the oil and gas producer’s stock valued at $122,000 after buying an additional 69 shares during the last quarter. 93.12% of the stock is currently owned by institutional investors.
Shares of Cimarex Energy Co (XEC) traded down 1.07% during mid-day trading on Thursday, hitting $91.33. The stock had a trading volume of 706,841 shares. The firm’s market capitalization is $8.53 billion. The stock’s 50-day moving average is $109.22 and its 200 day moving average is $124.06. Cimarex Energy Co has a 1-year low of $91.22 and a 1-year high of $146.96.
Cimarex Energy (NYSE:XEC) last announced its quarterly earnings data on Wednesday, May 10th. The oil and gas producer reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.20. The business had revenue of $447.20 million for the quarter, compared to analysts’ expectations of $423.62 million. Cimarex Energy had a negative net margin of 7.78% and a positive return on equity of 9.03%. The business’s revenue was up 85.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.40) earnings per share. Equities research analysts predict that Cimarex Energy Co will post $4.59 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Friday, August 11th. Cimarex Energy’s dividend payout ratio (DPR) is presently -25.20%.
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Several equities analysts have recently commented on the company. Williams Capital raised Cimarex Energy from a “hold” rating to a “buy” rating and upped their target price for the company from $148.00 to $160.00 in a research report on Monday, May 15th. They noted that the move was a valuation call. Jefferies Group LLC set a $119.00 price target on Cimarex Energy and gave the stock a “hold” rating in a research report on Wednesday, May 17th. KLR Group reissued a “buy” rating and set a $151.00 price target (up previously from $149.00) on shares of Cimarex Energy in a research report on Wednesday, May 17th. Barclays PLC reissued an “overweight” rating and set a $135.00 price target (up previously from $129.00) on shares of Cimarex Energy in a research report on Monday, May 15th. Finally, Piper Jaffray Companies reissued a “neutral” rating and set a $161.00 price target on shares of Cimarex Energy in a research report on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $141.23.
In other news, VP Stephen P. Bell sold 5,000 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $117.24, for a total transaction of $586,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director L Paul Teague sold 1,038 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $120.00, for a total transaction of $124,560.00. Following the sale, the director now owns 44,394 shares in the company, valued at approximately $5,327,280. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,538 shares of company stock worth $1,001,760. Corporate insiders own 1.70% of the company’s stock.
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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