Cimarex Energy Co (XEC) Shares Sold by Bbva Compass Bancshares Inc.
Bbva Compass Bancshares Inc. trimmed its stake in Cimarex Energy Co (NYSE:XEC) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,719 shares of the oil and gas producer’s stock after selling 1,155 shares during the period. Bbva Compass Bancshares Inc. owned about 0.05% of Cimarex Energy worth $5,310,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado boosted its position in shares of Cimarex Energy by 26.5% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 146,809 shares of the oil and gas producer’s stock valued at $16,688,000 after acquiring an additional 30,751 shares in the last quarter. BP PLC bought a new position in Cimarex Energy during the 3rd quarter valued at about $1,364,000. New York State Teachers Retirement System lifted its holdings in Cimarex Energy by 4.5% during the 3rd quarter. New York State Teachers Retirement System now owns 156,668 shares of the oil and gas producer’s stock valued at $17,808,000 after purchasing an additional 6,810 shares during the last quarter. Intact Investment Management Inc. bought a new position in Cimarex Energy during the 3rd quarter valued at about $250,000. Finally, Crossmark Global Holdings Inc. bought a new position in Cimarex Energy during the 3rd quarter valued at about $769,000. Institutional investors own 90.81% of the company’s stock.
In related news, CEO Thomas E. Jorden sold 2,500 shares of Cimarex Energy stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $101.67, for a total value of $254,175.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Lambuth sold 2,136 shares of Cimarex Energy stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $99.84, for a total transaction of $213,258.24. Following the completion of the sale, the senior vice president now directly owns 106,532 shares of the company’s stock, valued at approximately $10,636,154.88. The disclosure for this sale can be found here. In the last three months, insiders sold 21,299 shares of company stock valued at $2,204,271. 1.70% of the stock is currently owned by insiders.
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Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.11. Cimarex Energy had a net margin of 15.64% and a return on equity of 13.29%. The business had revenue of $456.50 million during the quarter, compared to the consensus estimate of $441.52 million. During the same quarter last year, the firm posted $0.07 EPS. Cimarex Energy’s revenue was up 52.7% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.27%. The ex-dividend date is Tuesday, November 14th. Cimarex Energy’s payout ratio is currently 12.03%.
Several equities analysts recently issued reports on the stock. BidaskClub downgraded shares of Cimarex Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Stifel Nicolaus set a $169.00 price target on shares of Cimarex Energy and gave the company a “buy” rating in a report on Wednesday, August 16th. Barclays PLC lifted their price target on shares of Cimarex Energy from $112.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, August 15th. Jefferies Group LLC set a $98.00 price target on shares of Cimarex Energy and gave the company a “hold” rating in a report on Tuesday, August 29th. Finally, Piper Jaffray Companies cut their price target on shares of Cimarex Energy from $141.00 to $116.00 and set a “neutral” rating for the company in a report on Monday, September 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company. Cimarex Energy has a consensus rating of “Buy” and a consensus target price of $136.18.
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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