Cimarex Energy (NYSE:XEC) had its price target trimmed by BMO Capital Markets to $125.00 in a research report report published on Friday morning. The brokerage currently has an outperform rating on the oil and gas producer’s stock.
Other research analysts have also issued reports about the company. Seaport Global Securities raised Cimarex Energy from a sell rating to a buy rating in a research report on Tuesday, December 19th. KeyCorp reaffirmed a buy rating and issued a $130.00 target price on shares of Cimarex Energy in a research report on Friday, October 20th. Deutsche Bank began coverage on Cimarex Energy in a research report on Thursday, February 1st. They issued a buy rating and a $164.00 target price on the stock. SunTrust Banks raised Cimarex Energy from a hold rating to a buy rating and set a $140.00 target price on the stock in a research report on Tuesday, February 6th. Finally, Barclays upped their target price on Cimarex Energy from $132.00 to $141.00 and gave the stock an overweight rating in a research report on Monday, November 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of $139.52.
Cimarex Energy (XEC) opened at $98.73 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.38 and a quick ratio of 1.42. Cimarex Energy has a 52-week low of $89.49 and a 52-week high of $134.09. The firm has a market capitalization of $9,410.00, a PE ratio of 19.02 and a beta of 1.14.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.32 annualized dividend and a yield of 0.32%. Cimarex Energy’s payout ratio is 6.17%.
In related news, CEO Thomas E. Jorden sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $113.14, for a total transaction of $565,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lisa A. Stewart bought 248 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average price of $112.06 per share, with a total value of $27,790.88. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 15,729 shares of company stock valued at $1,800,003. 1.70% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Advisor Group Inc. lifted its position in shares of Cimarex Energy by 5.3% in the 2nd quarter. Advisor Group Inc. now owns 1,200 shares of the oil and gas producer’s stock worth $113,000 after acquiring an additional 60 shares during the period. Assetmark Inc. lifted its position in shares of Cimarex Energy by 1,015.9% in the 4th quarter. Assetmark Inc. now owns 982 shares of the oil and gas producer’s stock worth $120,000 after acquiring an additional 894 shares during the period. LMR Partners LLP bought a new stake in shares of Cimarex Energy in the 4th quarter worth approximately $200,000. Eagle Ridge Investment Management bought a new stake in shares of Cimarex Energy in the 4th quarter worth approximately $204,000. Finally, Capital Advisors Inc. OK bought a new stake in shares of Cimarex Energy in the 4th quarter worth approximately $205,000. Hedge funds and other institutional investors own 91.68% of the company’s stock.
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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