Teacher Retirement System of Texas Acquires New Position in Cimarex Energy Co (XEC)

Teacher Retirement System of Texas acquired a new stake in shares of Cimarex Energy Co (NYSE:XEC) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 25,816 shares of the oil and gas producer’s stock, valued at approximately $3,150,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Advisor Group Inc. grew its stake in shares of Cimarex Energy by 5.3% in the 2nd quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock valued at $113,000 after buying an additional 60 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Cimarex Energy by 8.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,485 shares of the oil and gas producer’s stock valued at $328,000 after buying an additional 260 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Cimarex Energy by 4.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 54,070 shares of the oil and gas producer’s stock valued at $5,083,000 after buying an additional 2,202 shares during the period. Toronto Dominion Bank grew its stake in shares of Cimarex Energy by 25.5% in the 2nd quarter. Toronto Dominion Bank now owns 32,218 shares of the oil and gas producer’s stock valued at $3,028,000 after buying an additional 6,551 shares during the period. Finally, Mutual of America Capital Management LLC grew its stake in shares of Cimarex Energy by 43.8% in the 3rd quarter. Mutual of America Capital Management LLC now owns 24,939 shares of the oil and gas producer’s stock valued at $2,835,000 after buying an additional 7,595 shares during the period. 91.68% of the stock is owned by institutional investors.

Several analysts have recently weighed in on XEC shares. KeyCorp reissued a “buy” rating on shares of Cimarex Energy in a research note on Wednesday, November 8th. Cowen set a $165.00 price target on shares of Cimarex Energy and gave the company a “buy” rating in a research note on Thursday, January 18th. KLR Group cut shares of Cimarex Energy from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a research note on Tuesday, January 23rd. Robert W. Baird set a $121.00 price target on shares of Cimarex Energy and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, UBS Group cut shares of Cimarex Energy from a “positive” rating to a “neutral” rating in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $139.52.

In other Cimarex Energy news, CEO Thomas E. Jorden sold 2,500 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $122.88, for a total transaction of $307,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Joseph R. Albi sold 2,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $112.41, for a total transaction of $224,820.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,729 shares of company stock worth $1,800,003. 1.70% of the stock is owned by company insiders.

Cimarex Energy Co (NYSE:XEC) opened at $98.73 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.42 and a debt-to-equity ratio of 0.58. The firm has a market cap of $9,405.11, a P/E ratio of 19.02 and a beta of 1.14. Cimarex Energy Co has a 1 year low of $89.49 and a 1 year high of $134.09.

Cimarex Energy (NYSE:XEC) last posted its quarterly earnings data on Wednesday, February 14th. The oil and gas producer reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.07. The firm had revenue of $550.90 million during the quarter, compared to analysts’ expectations of $537.74 million. Cimarex Energy had a net margin of 25.77% and a return on equity of 18.73%. The firm’s quarterly revenue was up 44.1% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. analysts expect that Cimarex Energy Co will post 7.28 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.32%. Cimarex Energy’s dividend payout ratio (DPR) is presently 6.17%.

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

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