Cimarex Energy Co (XEC) Position Trimmed by Deutsche Bank AG

Deutsche Bank AG reduced its position in Cimarex Energy Co (NYSE:XEC) by 7.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 175,586 shares of the oil and gas producer’s stock after selling 13,597 shares during the period. Deutsche Bank AG owned about 0.17% of Cimarex Energy worth $10,820,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Eaton Vance Management raised its stake in Cimarex Energy by 1.3% during the 4th quarter. Eaton Vance Management now owns 14,216 shares of the oil and gas producer’s stock valued at $876,000 after buying an additional 188 shares during the last quarter. CSat Investment Advisory L.P. raised its stake in Cimarex Energy by 77.7% during the 4th quarter. CSat Investment Advisory L.P. now owns 549 shares of the oil and gas producer’s stock valued at $34,000 after buying an additional 240 shares during the last quarter. Fulton Bank N.A. raised its stake in Cimarex Energy by 8.9% during the 4th quarter. Fulton Bank N.A. now owns 3,340 shares of the oil and gas producer’s stock valued at $206,000 after buying an additional 274 shares during the last quarter. LS Investment Advisors LLC raised its stake in Cimarex Energy by 4.8% during the 4th quarter. LS Investment Advisors LLC now owns 6,305 shares of the oil and gas producer’s stock valued at $389,000 after buying an additional 286 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its stake in Cimarex Energy by 4.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 7,631 shares of the oil and gas producer’s stock valued at $470,000 after buying an additional 297 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

In other Cimarex Energy news, Director Harold R. Logan, Jr. sold 990 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $70.00, for a total transaction of $69,300.00. Following the completion of the transaction, the director now owns 7,259 shares of the company’s stock, valued at approximately $508,130. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is owned by corporate insiders.

Several research firms have recently commented on XEC. Morgan Stanley reduced their price objective on Cimarex Energy from $101.00 to $96.00 and set an “overweight” rating for the company in a research note on Thursday, March 21st. Barclays began coverage on Cimarex Energy in a research note on Wednesday, January 16th. They issued an “equal weight” rating and a $81.00 price objective for the company. Williams Capital set a $104.00 price objective on Cimarex Energy and gave the stock a “buy” rating in a research note on Tuesday, January 22nd. Susquehanna Bancshares upgraded Cimarex Energy from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $74.00 to $88.00 in a research note on Friday, February 8th. Finally, Ifs Securities restated a “market perform” rating on shares of Cimarex Energy in a research note on Sunday, February 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $108.16.

Shares of Cimarex Energy stock opened at $69.57 on Wednesday. The firm has a market capitalization of $7.10 billion, a P/E ratio of 9.40 and a beta of 1.34. The company has a quick ratio of 1.93, a current ratio of 2.01 and a debt-to-equity ratio of 0.45. Cimarex Energy Co has a fifty-two week low of $55.62 and a fifty-two week high of $103.91.

Cimarex Energy (NYSE:XEC) last issued its earnings results on Wednesday, February 20th. The oil and gas producer reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.23. The company had revenue of $624.10 million during the quarter, compared to the consensus estimate of $620.20 million. Cimarex Energy had a net margin of 33.85% and a return on equity of 23.51%. Cimarex Energy’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 EPS. On average, sell-side analysts forecast that Cimarex Energy Co will post 5.74 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Tuesday, May 14th. This is an increase from Cimarex Energy’s previous quarterly dividend of $0.18. Cimarex Energy’s dividend payout ratio is 9.73%.

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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, 2017, it had a total proved oil and gas reserves of 3.35 trillion cubic feet equivalent (Tcfe) consisting of 1.61 trillion cubic feet of natural gas, 0.82 Tcfe of oil, and 0.92 Tcfe of natural gas liquids primarily located in the Mid-Continent and Permian Basin regions.

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

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