TCI Wealth Advisors Inc. trimmed its holdings in Cimarex Energy Co (NYSE:XEC) by 46.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 830 shares of the oil and gas producer’s stock after selling 710 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Cimarex Energy were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Boston Partners raised its stake in Cimarex Energy by 20.1% during the 1st quarter. Boston Partners now owns 6,989,669 shares of the oil and gas producer’s stock worth $488,578,000 after buying an additional 1,169,027 shares during the period. Norges Bank acquired a new position in Cimarex Energy during the 4th quarter worth approximately $52,408,000. BlackRock Inc. raised its stake in Cimarex Energy by 7.6% during the 1st quarter. BlackRock Inc. now owns 6,979,085 shares of the oil and gas producer’s stock worth $487,836,000 after buying an additional 494,463 shares during the period. Dimensional Fund Advisors LP raised its stake in Cimarex Energy by 53.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,259,384 shares of the oil and gas producer’s stock worth $77,641,000 after buying an additional 439,290 shares during the period. Finally, Monarch Alternative Capital LP acquired a new position in Cimarex Energy during the 1st quarter worth approximately $25,730,000. 93.17% of the stock is currently owned by institutional investors.
XEC has been the topic of a number of research reports. Robert W. Baird reaffirmed an “outperform” rating and set a $82.00 price target (down from $110.00) on shares of Cimarex Energy in a research note on Wednesday, June 5th. Citigroup dropped their price target on Cimarex Energy from $98.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Wells Fargo & Co initiated coverage on Cimarex Energy in a research note on Monday, May 20th. They set a “market perform” rating and a $86.00 price target on the stock. Williams Capital reaffirmed a “buy” rating and set a $83.00 price target on shares of Cimarex Energy in a research note on Monday, July 22nd. Finally, SunTrust Banks raised Cimarex Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $75.00 to $85.00 in a research note on Monday, May 20th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $93.84.
Cimarex Energy (NYSE:XEC) last released its earnings results on Wednesday, May 8th. The oil and gas producer reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.17). The business had revenue of $577.00 million during the quarter, compared to the consensus estimate of $581.51 million. Cimarex Energy had a net margin of 26.90% and a return on equity of 19.95%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.82 earnings per share. As a group, analysts anticipate that Cimarex Energy Co will post 5.24 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Wednesday, August 14th. Cimarex Energy’s dividend payout ratio is presently 10.81%.
Cimarex Energy Company Profile
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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