Honeywell International Inc. increased its stake in Cimarex Energy Co (NYSE:XEC) by 28.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 229,700 shares of the oil and gas producer’s stock after acquiring an additional 50,300 shares during the period. Honeywell International Inc. owned approximately 0.25% of Cimarex Energy worth $26,110,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Cimarex Energy by 0.7% in the second quarter. Vanguard Group Inc. now owns 9,899,309 shares of the oil and gas producer’s stock valued at $930,634,000 after buying an additional 64,420 shares during the period. BlackRock Inc. raised its stake in shares of Cimarex Energy by 5.2% during the second quarter. BlackRock Inc. now owns 7,512,811 shares of the oil and gas producer’s stock valued at $706,278,000 after purchasing an additional 371,390 shares during the period. State Street Corp raised its stake in shares of Cimarex Energy by 3.0% during the second quarter. State Street Corp now owns 5,458,745 shares of the oil and gas producer’s stock valued at $513,162,000 after purchasing an additional 157,612 shares during the period. FMR LLC raised its stake in shares of Cimarex Energy by 1.4% during the second quarter. FMR LLC now owns 4,224,735 shares of the oil and gas producer’s stock valued at $397,166,000 after purchasing an additional 59,537 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its stake in shares of Cimarex Energy by 8.2% in the second quarter. Diamond Hill Capital Management Inc. now owns 4,063,310 shares of the oil and gas producer’s stock worth $381,992,000 after buying an additional 307,581 shares during the last quarter. 91.05% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cimarex Energy Co (XEC) traded down $3.18 during trading on Tuesday, reaching $121.87. The company’s stock had a trading volume of 1,034,800 shares, compared to its average volume of 1,067,144. The company has a market capitalization of $11,912.38, a PE ratio of 32.91 and a beta of 1.35. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.62. Cimarex Energy Co has a 52-week low of $89.49 and a 52-week high of $146.96.
Cimarex Energy (NYSE:XEC) last issued its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.12. Cimarex Energy had a return on equity of 16.11% and a net margin of 20.45%. The company had revenue of $463.68 million during the quarter, compared to analyst estimates of $451.53 million. During the same period in the previous year, the company earned $0.53 earnings per share. The company’s quarterly revenue was up 38.1% compared to the same quarter last year. analysts expect that Cimarex Energy Co will post 4.31 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.26%. Cimarex Energy’s dividend payout ratio (DPR) is presently 8.51%.
In related news, CEO Thomas E. Jorden sold 2,500 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $125.10, for a total value of $312,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Joseph R. Albi sold 2,750 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $99.02, for a total value of $272,305.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,107 shares of company stock valued at $2,918,092. Corporate insiders own 1.70% of the company’s stock.
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XEC has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on shares of Cimarex Energy from $138.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Citigroup Inc. decreased their price objective on shares of Cimarex Energy from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, July 21st. Stifel Nicolaus set a $168.00 price objective on shares of Cimarex Energy and gave the stock a “buy” rating in a report on Thursday, October 5th. KeyCorp reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Cimarex Energy in a report on Friday, October 20th. Finally, Piper Jaffray Companies reduced their price target on shares of Cimarex Energy from $141.00 to $116.00 and set a “neutral” rating for the company in a report on Monday, September 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $135.81.
Cimarex Energy 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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