Scotiabank set a $164.00 price objective on Cimarex Energy Co (NYSE:XEC) in a report released on Monday. The brokerage currently has a buy rating on the stock.
A number of other equities research analysts also recently commented on XEC. JPMorgan Chase & Co. upgraded Cimarex Energy from a neutral rating to an overweight rating and set a $150.00 price objective for the company in a report on Thursday, December 8th. Goldman Sachs Group Inc upgraded Cimarex Energy from a neutral rating to a buy rating in a report on Friday, December 16th. Wells Fargo & Co downgraded Cimarex Energy from an outperform rating to a market perform rating in a report on Friday, December 16th. Iberia Capital initiated coverage on Cimarex Energy in a report on Thursday, January 12th. They issued an outperform rating and a $160.00 price objective for the company. Finally, SunTrust Banks, Inc. downgraded Cimarex Energy from a buy rating to a hold rating in a report on Tuesday, January 17th. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $142.57.
Shares of Cimarex Energy (NYSE:XEC) traded up 1.48% on Monday, hitting $119.00. The company had a trading volume of 613,772 shares. Cimarex Energy has a 12-month low of $93.00 and a 12-month high of $146.96. The firm has a 50 day moving average of $125.21 and a 200-day moving average of $131.73. The firm’s market capitalization is $11.11 billion.
Cimarex Energy (NYSE:XEC) last released its quarterly earnings data on Wednesday, February 15th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. Cimarex Energy had a negative return on equity of 0.59% and a negative net margin of 92.69%. On average, equities analysts predict that Cimarex Energy will post $4.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. Cimarex Energy’s dividend payout ratio is currently -2.70%.
In other news, Director L Paul Teague sold 815 shares of the company’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $122.85, for a total transaction of $100,122.75. Following the completion of the transaction, the director now directly owns 45,432 shares of the company’s stock, valued at $5,581,321.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stephen P. Bell sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $133.10, for a total value of $665,500.00. The disclosure for this sale can be found here. Insiders have sold 16,735 shares of company stock valued at $2,164,564 over the last ninety days. 2.00% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan boosted its position in shares of Cimarex Energy by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,000 shares of the company’s stock valued at $403,000 after buying an additional 10 shares during the period. BOKF NA boosted its position in shares of Cimarex Energy by 2.3% in the third quarter. BOKF NA now owns 1,525 shares of the company’s stock valued at $205,000 after buying an additional 35 shares during the period. GAM Holding AG boosted its position in shares of Cimarex Energy by 1.4% in the third quarter. GAM Holding AG now owns 3,468 shares of the company’s stock valued at $466,000 after buying an additional 49 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Cimarex Energy by 8.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 882 shares of the company’s stock valued at $122,000 after buying an additional 69 shares during the period. Finally, Capstone Asset Management Co. boosted its position in shares of Cimarex Energy by 1.3% in the third quarter. Capstone Asset Management Co. now owns 6,294 shares of the company’s stock valued at $846,000 after buying an additional 80 shares during the period. 92.22% of the stock is owned by institutional investors.
About Cimarex Energy
Cimarex Energy Co is an independent oil and gas exploration and production company. The Company’s segment is exploration and production. Its operations are located mainly in Oklahoma, Texas and New Mexico. Its operations are focused in approximately two main areas, such as the Permian Basin and the Mid-Continent region.