AMP Capital Investors Ltd decreased its holdings in Cimarex Energy Co (NYSE:XEC) by 5.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,736 shares of the oil and gas producer’s stock after selling 1,700 shares during the quarter. AMP Capital Investors Ltd’s holdings in Cimarex Energy were worth $3,629,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of XEC. Assetmark Inc. boosted its position in shares of Cimarex Energy by 1,015.9% in the 4th quarter. Assetmark Inc. now owns 982 shares of the oil and gas producer’s stock worth $120,000 after purchasing an additional 894 shares in the last quarter. LMR Partners LLP acquired a new stake in shares of Cimarex Energy in the 4th quarter worth $200,000. Eagle Ridge Investment Management acquired a new stake in shares of Cimarex Energy in the 4th quarter worth $204,000. Capital Advisors Inc. OK acquired a new stake in shares of Cimarex Energy in the 4th quarter worth $205,000. Finally, Signition LP acquired a new stake in shares of Cimarex Energy in the 4th quarter worth $206,000. 92.33% of the stock is owned by hedge funds and other institutional investors.
XEC has been the subject of a number of recent analyst reports. Cowen set a $165.00 price objective on Cimarex Energy and gave the stock a “buy” rating in a research report on Thursday, January 18th. Jefferies Group set a $98.00 price objective on Cimarex Energy and gave the stock a “hold” rating in a research report on Monday. KLR Group cut Cimarex Energy from a “buy” rating to a “hold” rating and set a $138.00 price objective for the company. in a research report on Tuesday, January 23rd. KeyCorp set a $140.00 price objective on Cimarex Energy and gave the stock a “buy” rating in a research report on Sunday, January 21st. Finally, Robert W. Baird set a $121.00 price objective on Cimarex Energy and gave the stock a “buy” rating in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nineteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $136.32.
XEC stock opened at $91.62 on Wednesday. The stock has a market capitalization of $8,826.12, a price-to-earnings ratio of 17.65 and a beta of 1.25. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.38 and a quick ratio of 1.30. Cimarex Energy Co has a 52 week low of $89.49 and a 52 week high of $130.16.
Cimarex Energy (NYSE:XEC) last issued its earnings results on Wednesday, February 14th. The oil and gas producer reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.07. The company had revenue of $550.90 million during the quarter, compared to analyst estimates of $537.74 million. Cimarex Energy had a return on equity of 18.73% and a net margin of 25.77%. The firm’s quarterly revenue was up 44.1% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. analysts forecast that Cimarex Energy Co will post 7.23 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, May 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.70%. This is a positive change from Cimarex Energy’s previous quarterly dividend of $0.08. Cimarex Energy’s dividend payout ratio (DPR) is presently 6.17%.
TRADEMARK VIOLATION WARNING: This news story was published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://stocknewstimes.com/2018/03/21/amp-capital-investors-ltd-sells-1700-shares-of-cimarex-energy-co-xec.html.
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.
Want to see what other hedge funds are holding XEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cimarex Energy Co (NYSE:XEC).
Receive News & Ratings for Cimarex Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cimarex Energy and related companies with MarketBeat.com's FREE daily email newsletter.