Thomas Story & Son LLC Has $3.97 Million Stock Position in Cimarex Energy Co (NYSE:XEC)

Thomas Story & Son LLC raised its position in shares of Cimarex Energy Co (NYSE:XEC) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,943 shares of the oil and gas producer’s stock after purchasing an additional 1,500 shares during the period. Cimarex Energy makes up approximately 2.0% of Thomas Story & Son LLC’s investment portfolio, making the stock its 19th biggest position. Thomas Story & Son LLC owned 0.07% of Cimarex Energy worth $3,972,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Valeo Financial Advisors LLC grew its stake in shares of Cimarex Energy by 319.8% during the second quarter. Valeo Financial Advisors LLC now owns 487 shares of the oil and gas producer’s stock worth $29,000 after buying an additional 371 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of Cimarex Energy during the first quarter worth $31,000. Nvwm LLC grew its stake in shares of Cimarex Energy by 462.0% during the first quarter. Nvwm LLC now owns 517 shares of the oil and gas producer’s stock worth $36,000 after buying an additional 425 shares during the last quarter. Bremer Bank National Association bought a new stake in shares of Cimarex Energy during the first quarter worth $48,000. Finally, Private Capital Group LLC grew its stake in shares of Cimarex Energy by 233.6% during the first quarter. Private Capital Group LLC now owns 814 shares of the oil and gas producer’s stock worth $57,000 after buying an additional 570 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

NYSE:XEC traded down $0.85 on Wednesday, hitting $43.11. The stock had a trading volume of 2,299,043 shares, compared to its average volume of 1,665,978. The company has a current ratio of 0.66, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58. The firm has a market cap of $4.31 billion, a PE ratio of 5.83 and a beta of 1.30. Cimarex Energy Co has a 1 year low of $41.09 and a 1 year high of $101.19. The firm’s fifty day simple moving average is $53.39.

Cimarex Energy (NYSE:XEC) last posted its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.20 by ($0.38). The firm had revenue of $546.46 million during the quarter, compared to analysts’ expectations of $594.90 million. Cimarex Energy had a net margin of 26.90% and a return on equity of 19.95%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the business posted $1.59 EPS. Research analysts expect that Cimarex Energy Co will post 5.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.80 annualized dividend and a yield of 1.86%. Cimarex Energy’s dividend payout ratio (DPR) is 10.81%.

XEC has been the topic of a number of research reports. Imperial Capital decreased their target price on shares of Cimarex Energy from $58.00 to $51.00 and set an “in-line” rating on the stock in a research note on Wednesday. KeyCorp assumed coverage on shares of Cimarex Energy in a research note on Thursday, June 27th. They issued an “overweight” rating and a $66.00 price objective on the stock. Citigroup reduced their price objective on shares of Cimarex Energy from $98.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Williams Capital reissued a “buy” rating and issued a $83.00 price objective on shares of Cimarex Energy in a research note on Monday, July 22nd. Finally, Bank of America reduced their price objective on shares of Cimarex Energy from $87.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the stock. Cimarex Energy currently has an average rating of “Hold” and a consensus price target of $91.35.

Cimarex Energy 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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Institutional Ownership by Quarter for Cimarex Energy (NYSE:XEC)

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