First Citizens Bank & Trust Co. grew its holdings in Cimarex Energy Co (NYSE:XEC) by 27.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,249 shares of the oil and gas producer’s stock after acquiring an additional 2,616 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Cimarex Energy were worth $587,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Asset Management Inc lifted its position in Cimarex Energy by 2.6% in the second quarter. CIBC Asset Management Inc now owns 11,011 shares of the oil and gas producer’s stock worth $653,000 after purchasing an additional 275 shares during the period. New Mexico Educational Retirement Board lifted its position in Cimarex Energy by 3.8% in the second quarter. New Mexico Educational Retirement Board now owns 8,300 shares of the oil and gas producer’s stock worth $492,000 after purchasing an additional 300 shares during the period. Metropolitan Life Insurance Co NY lifted its position in Cimarex Energy by 2.1% in the first quarter. Metropolitan Life Insurance Co NY now owns 14,624 shares of the oil and gas producer’s stock worth $1,022,000 after purchasing an additional 306 shares during the period. Sippican Capital Advisors lifted its position in Cimarex Energy by 2.8% in the second quarter. Sippican Capital Advisors now owns 12,186 shares of the oil and gas producer’s stock worth $723,000 after purchasing an additional 330 shares during the period. Finally, DNB Asset Management AS lifted its position in Cimarex Energy by 3.4% in the third quarter. DNB Asset Management AS now owns 11,005 shares of the oil and gas producer’s stock worth $528,000 after purchasing an additional 360 shares during the period. 96.10% of the stock is owned by institutional investors.
Several brokerages recently commented on XEC. Bank of America reduced their target price on Cimarex Energy from $87.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. ValuEngine raised Cimarex Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. MKM Partners reduced their target price on Cimarex Energy from $70.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Co increased their price objective on Cimarex Energy from $64.00 to $65.00 and gave the stock a “market perform” rating in a research note on Friday, September 20th. Finally, Imperial Capital dropped their price objective on Cimarex Energy from $58.00 to $51.00 and set an “in-line” rating for the company in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $75.00.
Cimarex Energy stock opened at $41.33 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.57. The stock has a fifty day moving average price of $45.90 and a two-hundred day moving average price of $54.68. Cimarex Energy Co has a 52-week low of $37.19 and a 52-week high of $95.62. The firm has a market capitalization of $4.33 billion, a P/E ratio of 5.59 and a beta of 1.32.
Cimarex Energy (NYSE:XEC) last released its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.38). Cimarex Energy had a return on equity of 16.59% and a net margin of 25.66%. The company had revenue of $546.46 million for the quarter, compared to analyst estimates of $594.90 million. During the same quarter in the prior year, the company earned $1.59 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. On average, equities research analysts predict that Cimarex Energy Co will post 4.38 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.94%. Cimarex Energy’s dividend payout ratio (DPR) is presently 10.81%.
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, 2018, it had a total proved reserves of 591.2 million barrels of oil equivalent, consisting of 1.59 trillion cubic feet of natural gas; 146.5 million barrels (MMBbls) of oil; and 179.4 MMBbls of natural gas liquids primarily located in the Permian Basin and Mid-Continent regions.
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