Nicholas Hoffman & Company LLC. lifted its holdings in shares of Cimarex Energy Co (NYSE:XEC) by 58.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,373 shares of the oil and gas producer’s stock after buying an additional 5,319 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Cimarex Energy were worth $242,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of XEC. Motco acquired a new position in shares of Cimarex Energy during the 4th quarter worth $38,000. Valeo Financial Advisors LLC increased its holdings in Cimarex Energy by 814.0% in the 4th quarter. Valeo Financial Advisors LLC now owns 786 shares of the oil and gas producer’s stock worth $41,000 after purchasing an additional 700 shares in the last quarter. Parallel Advisors LLC increased its holdings in Cimarex Energy by 50.3% in the 4th quarter. Parallel Advisors LLC now owns 834 shares of the oil and gas producer’s stock worth $44,000 after purchasing an additional 279 shares in the last quarter. Karani Asset Management LLC acquired a new position in Cimarex Energy in the 4th quarter worth about $49,000. Finally, Accurate Investment Solutions Inc. increased its holdings in Cimarex Energy by 64.6% in the 1st quarter. Accurate Investment Solutions Inc. now owns 3,260 shares of the oil and gas producer’s stock worth $55,000 after purchasing an additional 1,280 shares in the last quarter. 95.65% of the stock is owned by institutional investors.
Shares of Cimarex Energy stock traded down $0.29 on Friday, hitting $26.81. 1,678,418 shares of the company’s stock traded hands, compared to its average volume of 2,242,926. Cimarex Energy Co has a one year low of $12.15 and a one year high of $67.67. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.08 and a quick ratio of 1.01. The company has a fifty day moving average of $21.51 and a two-hundred day moving average of $36.31. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of -2.66 and a beta of 2.31.
Cimarex Energy (NYSE:XEC) last announced its earnings results on Wednesday, May 6th. The oil and gas producer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.41 by $0.17. Cimarex Energy had a positive return on equity of 10.09% and a negative net margin of 44.65%. The company had revenue of $472.83 million for the quarter, compared to analyst estimates of $504.50 million. During the same quarter in the prior year, the company earned $1.20 EPS. The firm’s revenue for the quarter was down 18.0% compared to the same quarter last year. Equities research analysts anticipate that Cimarex Energy Co will post -0.46 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Thursday, August 13th. Cimarex Energy’s dividend payout ratio (DPR) is currently 19.73%.
A number of brokerages have issued reports on XEC. Barclays raised Cimarex Energy from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 24th. Piper Sandler lowered their target price on Cimarex Energy from $62.00 to $17.00 in a report on Wednesday, March 25th. Wells Fargo & Co reduced their price target on Cimarex Energy from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, April 3rd. Morgan Stanley upped their price target on Cimarex Energy from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Mizuho upped their price target on Cimarex Energy from $31.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company’s stock. Cimarex Energy presently has an average rating of “Buy” and a consensus target price of $40.30.
In other news, CEO Thomas E. Jorden acquired 10,971 shares of Cimarex Energy stock in a transaction on Friday, March 13th. The stock was acquired at an average cost of $16.58 per share, with a total value of $181,899.18. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harold R. Logan, Jr. acquired 2,000 shares of Cimarex Energy stock in a transaction on Monday, March 9th. The shares were purchased at an average cost of $15.07 per share, with a total value of $30,140.00. Over the last ninety days, insiders have purchased 24,971 shares of company stock worth $440,279. 2.00% of the stock is owned by company insiders.
About Cimarex Energy
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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