Northwestern Mutual Investment Management Company LLC decreased its position in shares of Cimarex Energy Co (NYSE:XEC) by 19.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,372 shares of the oil and gas producer’s stock after selling 4,145 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Cimarex Energy were worth $1,624,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Assetmark Inc. lifted its position in Cimarex Energy by 1,015.9% during the fourth quarter. Assetmark Inc. now owns 982 shares of the oil and gas producer’s stock valued at $120,000 after acquiring an additional 894 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in Cimarex Energy during the first quarter valued at approximately $158,000. Rampart Investment Management Company LLC lifted its position in Cimarex Energy by 77.3% during the first quarter. Rampart Investment Management Company LLC now owns 2,073 shares of the oil and gas producer’s stock valued at $194,000 after acquiring an additional 904 shares during the last quarter. Eagle Boston Investment Management Inc. purchased a new stake in Cimarex Energy during the fourth quarter valued at approximately $211,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Cimarex Energy during the first quarter valued at approximately $219,000. 94.85% of the stock is owned by institutional investors.
A number of research firms recently commented on XEC. Stifel Nicolaus set a $187.00 target price on shares of Cimarex Energy and gave the company a “buy” rating in a research report on Monday, April 23rd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $132.00 price target on shares of Cimarex Energy in a report on Wednesday, April 18th. Stephens reaffirmed a “hold” rating and issued a $101.00 price target on shares of Cimarex Energy in a report on Tuesday, April 24th. Morgan Stanley decreased their price target on shares of Cimarex Energy from $157.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, April 20th. Finally, Williams Capital set a $138.00 price target on shares of Cimarex Energy and gave the stock a “buy” rating in a report on Wednesday, May 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $133.71.
Cimarex Energy (NYSE:XEC) last released its quarterly earnings data on Tuesday, May 8th. The oil and gas producer reported $1.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.09. The firm had revenue of $567.10 million for the quarter, compared to analyst estimates of $568.46 million. Cimarex Energy had a net margin of 26.97% and a return on equity of 20.67%. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.05 earnings per share. research analysts predict that Cimarex Energy Co will post 7.09 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Stockholders of record on Wednesday, August 15th will be paid a $0.16 dividend. The ex-dividend date is Tuesday, August 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.75%. Cimarex Energy’s payout ratio is currently 13.76%.
In other news, CEO Thomas E. Jorden sold 2,500 shares of the stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $100.00, for a total value of $250,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lisa A. Stewart acquired 722 shares of the business’s stock in a transaction dated Friday, June 1st. The stock was acquired at an average price of $89.98 per share, for a total transaction of $64,965.56. Following the purchase, the director now directly owns 6,576 shares of the company’s stock, valued at $591,708.48. The disclosure for this purchase can be found here. 1.70% of the stock is owned by corporate insiders.
Cimarex Energy 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, 2017, it had a total proved oil and gas reserves of 3.35 trillion cubic feet equivalent (Tcfe) consisting of 1.61 trillion cubic feet of natural gas, 0.82 Tcfe of oil, and 0.92 Tcfe of natural gas liquids primarily located in the Mid-Continent and Permian Basin regions.
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.