Victory Capital Management Inc. Has $131.37 Million Holdings in Cimarex Energy Co (XEC)
Victory Capital Management Inc. lowered its stake in Cimarex Energy Co (NYSE:XEC) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,155,703 shares of the oil and gas producer’s stock after selling 77,691 shares during the quarter. Victory Capital Management Inc. owned approximately 1.24% of Cimarex Energy worth $131,369,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of XEC. Principal Financial Group Inc. boosted its stake in Cimarex Energy by 968.7% in the 2nd quarter. Principal Financial Group Inc. now owns 1,544,775 shares of the oil and gas producer’s stock worth $145,224,000 after purchasing an additional 1,400,223 shares during the period. Janus Henderson Group PLC boosted its stake in Cimarex Energy by 7,007.8% in the 2nd quarter. Janus Henderson Group PLC now owns 834,313 shares of the oil and gas producer’s stock worth $78,434,000 after purchasing an additional 822,575 shares during the period. APG Asset Management N.V. boosted its stake in Cimarex Energy by 274.1% in the 3rd quarter. APG Asset Management N.V. now owns 743,117 shares of the oil and gas producer’s stock worth $84,470,000 after purchasing an additional 544,465 shares during the period. Renaissance Technologies LLC boosted its stake in Cimarex Energy by 767.6% in the 2nd quarter. Renaissance Technologies LLC now owns 535,298 shares of the oil and gas producer’s stock worth $50,323,000 after purchasing an additional 473,600 shares during the period. Finally, BlackRock Inc. boosted its stake in Cimarex Energy by 5.2% in the 2nd quarter. BlackRock Inc. now owns 7,512,811 shares of the oil and gas producer’s stock worth $706,278,000 after purchasing an additional 371,390 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.
In other news, COO Joseph R. Albi sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $106.11, for a total value of $212,220.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Harold R. Logan, Jr. sold 913 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $105.83, for a total value of $96,622.79. Following the completion of the sale, the director now owns 9,299 shares in the company, valued at $984,113.17. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,299 shares of company stock worth $2,204,271. Company insiders own 1.70% of the company’s stock.
Cimarex Energy Co (NYSE:XEC) opened at 118.58 on Wednesday. Cimarex Energy Co has a 52 week low of $89.49 and a 52 week high of $146.96. The stock has a market capitalization of $11.08 billion, a PE ratio of 42.47 and a beta of 1.35. The firm has a 50-day moving average price of $113.17 and a 200-day moving average price of $105.68.
Cimarex Energy (NYSE:XEC) last issued its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.11. Cimarex Energy had a return on equity of 13.29% and a net margin of 15.64%. The firm had revenue of $456.50 million for the quarter, compared to the consensus estimate of $441.52 million. During the same period in the prior year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 52.7% on a year-over-year basis. Equities research analysts predict that Cimarex Energy Co will post $4.28 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. Cimarex Energy’s payout ratio is 12.03%.
Several brokerages have commented on XEC. Williams Capital restated a “buy” rating and issued a $136.00 target price on shares of Cimarex Energy in a research note on Wednesday, August 9th. Jefferies Group LLC set a $98.00 target price on Cimarex Energy and gave the stock a “hold” rating in a research note on Tuesday, August 29th. BidaskClub upgraded Cimarex Energy from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Barclays PLC raised their target price on Cimarex Energy from $112.00 to $117.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 15th. Finally, Imperial Capital assumed coverage on Cimarex Energy in a research report on Tuesday, September 19th. They set an “outperform” rating and a $135.00 price target for the company. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. Cimarex Energy has a consensus rating of “Buy” and an average price target of $136.18.
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About Cimarex Energy
Cimarex Energy Co is an independent oil and gas exploration and production company. The Company operates in exploration and production (E&P) segment. Its operations are located in Oklahoma, Texas and New Mexico. Its E&P activities take place primarily in two areas: the Permian Basin and the Mid-Continent region.
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