Cimarex Energy Co (NYSE:XEC) VP Krista L. Johnson sold 5,341 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $116.46, for a total transaction of $622,012.86. Following the sale, the vice president now directly owns 42,938 shares in the company, valued at $5,000,559.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Cimarex Energy Co (NYSE XEC) traded up $0.96 on Friday, hitting $116.57. 657,512 shares of the company were exchanged, compared to its average volume of 1,066,262. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.51 and a quick ratio of 1.42. Cimarex Energy Co has a 12-month low of $89.49 and a 12-month high of $146.96. The stock has a market capitalization of $11,010.00, a price-to-earnings ratio of 30.93 and a beta of 1.35.
Cimarex Energy (NYSE:XEC) last announced its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.12. Cimarex Energy had a net margin of 20.45% and a return on equity of 16.11%. The firm had revenue of $463.68 million during the quarter, compared to analyst estimates of $451.53 million. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Cimarex Energy’s quarterly revenue was up 38.1% on a year-over-year basis. equities analysts anticipate that Cimarex Energy Co will post 4.31 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Tuesday, November 14th. Cimarex Energy’s dividend payout ratio is currently 8.00%.
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A number of equities analysts have weighed in on the stock. KeyCorp restated a “buy” rating on shares of Cimarex Energy in a research report on Wednesday, November 8th. Capital One Financial Corporation restated an “overweight” rating on shares of Cimarex Energy in a research report on Wednesday, November 8th. UBS AG cut shares of Cimarex Energy from a “positive” rating to a “neutral” rating in a research report on Monday. Susquehanna Bancshares Inc cut shares of Cimarex Energy from a “positive” rating to a “neutral” rating in a research report on Monday. Finally, SunTrust Banks, Inc. upped their price objective on shares of Cimarex Energy to $127.00 and gave the stock a “hold” rating in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $136.62.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted its stake in Cimarex Energy by 0.7% during the second quarter. State of Alaska Department of Revenue now owns 1,427 shares of the oil and gas producer’s stock worth $134,000 after buying an additional 10 shares during the period. Fisher Asset Management LLC boosted its stake in Cimarex Energy by 0.4% during the second quarter. Fisher Asset Management LLC now owns 3,013 shares of the oil and gas producer’s stock worth $283,000 after buying an additional 13 shares during the period. ING Groep NV boosted its stake in Cimarex Energy by 0.3% during the second quarter. ING Groep NV now owns 4,878 shares of the oil and gas producer’s stock worth $459,000 after buying an additional 17 shares during the period. Advisor Group Inc. boosted its stake in Cimarex Energy by 5.3% during the second quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock worth $113,000 after buying an additional 60 shares during the period. Finally, Virtu KCG Holdings LLC boosted its stake in Cimarex Energy by 0.6% during the second quarter. Virtu KCG Holdings LLC now owns 15,740 shares of the oil and gas producer’s stock worth $1,480,000 after buying an additional 96 shares during the period. 91.05% of the stock is owned by hedge funds and other institutional investors.
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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