Several analysts have recently updated their ratings and price targets for Cimarex Energy (NYSE: XEC):
2/11/2019 – Cimarex Energy was downgraded by analysts at Susquehanna Bancshares Inc from a “positive” rating to a “neutral” rating.
2/8/2019 – Cimarex Energy was upgraded by analysts at Susquehanna Bancshares Inc from a “neutral” rating to a “positive” rating. They now have a $88.00 price target on the stock, up previously from $74.00.
2/3/2019 – Cimarex Energy had its “market perform” rating reaffirmed by analysts at Ifs Securities.
1/29/2019 – Cimarex Energy is now covered by analysts at Mizuho. They set a “neutral” rating and a $80.00 price target on the stock.
1/29/2019 – Cimarex Energy was given a new $109.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
1/22/2019 – Cimarex Energy was given a new $104.00 price target on by analysts at Williams Capital. They now have a “buy” rating on the stock.
1/16/2019 – Cimarex Energy is now covered by analysts at Barclays PLC. They set an “equal weight” rating and a $81.00 price target on the stock.
Shares of NYSE XEC traded down $0.01 during mid-day trading on Monday, reaching $70.61. 7,160 shares of the company were exchanged, compared to its average volume of 1,162,611. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.69 and a quick ratio of 1.62. The stock has a market capitalization of $6.75 billion, a P/E ratio of 15.18 and a beta of 1.45. Cimarex Energy Co has a 1 year low of $55.62 and a 1 year high of $103.91.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Thursday, February 14th. Cimarex Energy’s dividend payout ratio (DPR) is currently 15.48%.
In related news, Director Michael J/Co Sullivan sold 1,492 shares of the company’s stock in a transaction on Friday, December 14th. The stock was sold at an average price of $70.22, for a total transaction of $104,768.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.70% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Cimarex Energy during the 4th quarter worth $26,000. First Bank & Trust acquired a new position in Cimarex Energy during the 4th quarter valued at about $28,000. Huntington National Bank increased its position in Cimarex Energy by 948.3% during the 4th quarter. Huntington National Bank now owns 629 shares of the oil and gas producer’s stock valued at $39,000 after buying an additional 569 shares in the last quarter. Ipswich Investment Management Co. Inc. acquired a new position in Cimarex Energy during the 4th quarter valued at about $49,000. Finally, Acadian Asset Management LLC acquired a new position in Cimarex Energy during the 4th quarter valued at about $66,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.
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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