Amalgamated Bank increased its holdings in shares of Cimarex Energy Co (NYSE:XEC) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,643 shares of the oil and gas producer’s stock after acquiring an additional 1,067 shares during the period. Amalgamated Bank’s holdings in Cimarex Energy were worth $1,421,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Boston Partners lifted its stake in shares of Cimarex Energy by 28.0% in the fourth quarter. Boston Partners now owns 1,812,143 shares of the oil and gas producer’s stock worth $221,100,000 after buying an additional 395,877 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Cimarex Energy by 41.8% in the third quarter. Ameriprise Financial Inc. now owns 1,623,569 shares of the oil and gas producer’s stock worth $184,549,000 after buying an additional 478,543 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Cimarex Energy by 11.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,506,133 shares of the oil and gas producer’s stock worth $183,763,000 after buying an additional 153,665 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Cimarex Energy by 2.6% in the third quarter. Van ECK Associates Corp now owns 1,280,335 shares of the oil and gas producer’s stock worth $145,536,000 after buying an additional 32,188 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its stake in shares of Cimarex Energy by 5.3% in the third quarter. Artisan Partners Limited Partnership now owns 1,143,856 shares of the oil and gas producer’s stock worth $130,022,000 after buying an additional 57,411 shares in the last quarter. 92.33% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on the stock. Jefferies Group set a $98.00 price objective on shares of Cimarex Energy and gave the company a “hold” rating in a report on Monday, March 19th. Stephens reissued a “hold” rating and set a $113.00 price objective on shares of Cimarex Energy in a report on Thursday, March 15th. Piper Jaffray set a $131.00 price objective on shares of Cimarex Energy and gave the company a “hold” rating in a report on Wednesday, March 14th. UBS started coverage on shares of Cimarex Energy in a report on Wednesday, March 7th. They set a “buy” rating and a $118.00 target price for the company. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $129.00 target price (down from $147.00) on shares of Cimarex Energy in a report on Monday, March 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and nineteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $136.32.
Shares of NYSE:XEC traded down $3.69 during midday trading on Monday, reaching $89.81. 1,228,874 shares of the company were exchanged, compared to its average volume of 1,264,092. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.38. Cimarex Energy Co has a one year low of $87.98 and a one year high of $130.16. The firm has a market cap of $8,923.46, a price-to-earnings ratio of 19.31 and a beta of 1.19.
Cimarex Energy (NYSE:XEC) last issued its earnings results 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. Cimarex Energy had a net margin of 25.77% and a return on equity of 18.73%. The firm had revenue of $550.90 million during the quarter, compared to analyst estimates of $537.74 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. Cimarex Energy’s revenue for the quarter was up 44.1% on a year-over-year basis. research analysts predict that Cimarex Energy Co will post 7.2 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Thursday, March 15th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, May 14th. This represents a $0.64 annualized dividend and a yield of 0.71%. This is a positive change from Cimarex Energy’s previous quarterly dividend of $0.08. Cimarex Energy’s dividend payout ratio (DPR) is 6.88%.
In other Cimarex Energy news, CEO Thomas E. Jorden sold 2,500 shares of the stock in a transaction 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harold R. Logan, Jr. sold 1,900 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $97.82, for a total transaction of $185,858.00. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.
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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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