KLR Group upgraded shares of Cimarex Energy (NYSE:XEC) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning, Marketbeat.com reports. The firm currently has $142.00 price target on the oil and gas producer’s stock, up from their previous price target of $138.00.
Several other research analysts have also commented on XEC. KeyCorp restated a buy rating on shares of Cimarex Energy in a research note on Wednesday, November 8th. SunTrust Banks increased their price target on shares of Cimarex Energy to $127.00 and gave the stock a hold rating in a research note on Thursday, November 9th. Imperial Capital increased their price target on shares of Cimarex Energy from $135.00 to $141.00 and gave the stock an outperform rating in a research note on Thursday, November 9th. Capital One Financial restated an overweight rating on shares of Cimarex Energy in a research note on Wednesday, November 8th. Finally, UBS Group lowered shares of Cimarex Energy from a positive rating to a neutral rating in a research note on Monday, November 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $139.71.
Shares of Cimarex Energy (NYSE XEC) opened at $98.37 on Tuesday. Cimarex Energy has a 12-month low of $89.49 and a 12-month high of $133.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.38 and a quick ratio of 1.42. The stock has a market cap of $9,370.00, a P/E ratio of 18.95 and a beta of 1.14.
The company 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 $0.08 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.33%. Cimarex Energy’s payout ratio is presently 6.17%.
In other Cimarex Energy news, VP Joseph R. Albi sold 2,000 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $112.41, for a total value of $224,820.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Thomas E. Jorden sold 2,500 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $122.88, for a total transaction of $307,200.00. The disclosure for this sale can be found here. Insiders sold a total of 15,729 shares of company stock worth $1,800,003 over the last quarter. 1.70% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. IFM Investors Pty Ltd acquired a new stake in Cimarex Energy in the 3rd quarter worth $330,000. Trust Co. of Vermont grew its position in Cimarex Energy by 6.9% in the 3rd quarter. Trust Co. of Vermont now owns 26,240 shares of the oil and gas producer’s stock worth $2,983,000 after purchasing an additional 1,692 shares during the last quarter. Commerce Bank grew its position in Cimarex Energy by 28.7% in the 3rd quarter. Commerce Bank now owns 4,482 shares of the oil and gas producer’s stock worth $510,000 after purchasing an additional 1,000 shares during the last quarter. Colony Group LLC grew its position in Cimarex Energy by 38.7% in the 3rd quarter. Colony Group LLC now owns 22,154 shares of the oil and gas producer’s stock worth $2,518,000 after purchasing an additional 6,177 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Cimarex Energy by 8.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 402,146 shares of the oil and gas producer’s stock worth $45,712,000 after purchasing an additional 30,646 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.
Cimarex Energy Company Profile
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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