Cimarex Energy Co (XEC) Shares Bought by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. raised its position in shares of Cimarex Energy Co (NYSE:XEC) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 882 shares of the company’s stock after buying an additional 69 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Cimarex Energy were worth $122,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in XEC. Chicago Equity Partners LLC increased its position in shares of Cimarex Energy by 50.0% in the third quarter. Chicago Equity Partners LLC now owns 119,185 shares of the company’s stock worth $16,015,000 after buying an additional 39,725 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Cimarex Energy by 18.5% in the third quarter. Wells Fargo & Company MN now owns 1,143,229 shares of the company’s stock worth $153,616,000 after buying an additional 178,493 shares during the last quarter. APG Asset Management N.V. increased its position in shares of Cimarex Energy by 1.0% in the third quarter. APG Asset Management N.V. now owns 561,910 shares of the company’s stock worth $75,504,000 after buying an additional 5,500 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Cimarex Energy by 0.9% in the third quarter. California State Teachers Retirement System now owns 204,600 shares of the company’s stock worth $27,492,000 after buying an additional 1,800 shares during the last quarter. Finally, Beddow Capital Management Inc. increased its position in shares of Cimarex Energy by 1.9% in the third quarter. Beddow Capital Management Inc. now owns 40,675 shares of the company’s stock worth $5,465,000 after buying an additional 775 shares during the last quarter. 92.22% of the stock is owned by hedge funds and other institutional investors.

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

Cimarex Energy Co (NYSE:XEC) opened at 117.26 on Tuesday. Cimarex Energy Co has a 1-year low of $93.00 and a 1-year high of $146.96. The stock’s 50 day moving average is $125.21 and its 200-day moving average is $131.73. The company’s market capitalization is $10.95 billion.

Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Wednesday, February 15th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. Cimarex Energy had a negative net margin of 92.69% and a negative return on equity of 0.59%. On average, analysts expect that Cimarex Energy Co will post $4.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 15th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, May 11th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. Cimarex Energy’s payout ratio is presently -2.70%.

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A number of research firms recently weighed in on XEC. Jefferies Group LLC raised shares of Cimarex Energy from an “underperform” rating to a “hold” rating and set a $131.00 price objective on the stock in a research report on Tuesday, January 17th. SunTrust Banks, Inc. lowered shares of Cimarex Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 17th. Stifel Nicolaus increased their price objective on shares of Cimarex Energy from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. JPMorgan Chase & Co. raised shares of Cimarex Energy from a “neutral” rating to an “overweight” rating and set a $150.00 price objective on the stock in a research report on Thursday, December 8th. Finally, Goldman Sachs Group Inc raised shares of Cimarex Energy from a “neutral” rating to a “buy” rating in a research report on Friday, December 16th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $142.43.

In other Cimarex Energy news, VP Joseph R. Albi sold 2,500 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $123.00, for a total value of $307,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stephen P. Bell sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $133.10, for a total transaction of $665,500.00. The disclosure for this sale can be found here. Insiders have sold 16,735 shares of company stock worth $2,164,564 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

About Cimarex Energy

Cimarex Energy Co is an independent oil and gas exploration and production company. The Company’s segment is exploration and production. Its operations are located mainly in Oklahoma, Texas and New Mexico. Its operations are focused in approximately two main areas, such as the Permian Basin and the Mid-Continent region.

5 Day Chart for NYSE:XEC

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