Crossmark Global Holdings Inc. Buys New Holdings in Cimarex Energy Co (XEC)

Crossmark Global Holdings Inc. bought a new position in Cimarex Energy Co (NYSE:XEC) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,766 shares of the oil and gas producer’s stock, valued at approximately $769,000.

A number of other institutional investors have also recently modified their holdings of the business. Honeywell International Inc. raised its holdings in Cimarex Energy by 28.0% in the third quarter. Honeywell International Inc. now owns 229,700 shares of the oil and gas producer’s stock worth $26,110,000 after buying an additional 50,300 shares during the last quarter. Pictet Asset Management Ltd. raised its holdings in Cimarex Energy by 2.3% in the third quarter. Pictet Asset Management Ltd. now owns 52,706 shares of the oil and gas producer’s stock worth $5,991,000 after buying an additional 1,200 shares during the last quarter. Calamos Advisors LLC raised its holdings in Cimarex Energy by 3.6% in the third quarter. Calamos Advisors LLC now owns 25,899 shares of the oil and gas producer’s stock worth $2,944,000 after buying an additional 893 shares during the last quarter. Aperio Group LLC raised its holdings in Cimarex Energy by 68.9% in the third quarter. Aperio Group LLC now owns 47,414 shares of the oil and gas producer’s stock worth $5,390,000 after buying an additional 19,343 shares during the last quarter. Finally, Trust Co. of Vermont raised its holdings in Cimarex Energy by 6.9% in the third quarter. Trust Co. of Vermont now owns 26,240 shares of the oil and gas producer’s stock worth $2,983,000 after buying an additional 1,692 shares during the last quarter. 91.05% of the stock is owned by institutional investors and hedge funds.

In related news, VP Joseph R. Albi sold 2,750 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $99.02, for a total transaction of $272,305.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Stephen P. Bell sold 3,696 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $125.11, for a total transaction of $462,406.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,107 shares of company stock valued at $2,918,092. 1.70% of the stock is owned by company insiders.

Cimarex Energy Co (NYSE:XEC) opened at $121.87 on Tuesday. The firm has a market cap of $11,912.38, a P/E ratio of 32.91 and a beta of 1.35. Cimarex Energy Co has a 12-month low of $89.49 and a 12-month high of $146.96. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.51 and a quick ratio of 1.42.

Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Tuesday, November 7th. The oil and gas producer reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.12. Cimarex Energy had a net margin of 20.45% and a return on equity of 16.11%. The business had revenue of $463.68 million during the quarter, compared to analyst estimates of $451.53 million. During the same period in the prior year, the business posted $0.53 earnings per share. The company’s revenue was up 38.1% on a year-over-year basis. sell-side analysts anticipate that Cimarex Energy Co will post 4.31 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.26%. Cimarex Energy’s dividend payout ratio is 8.51%.

Several research analysts have recently weighed in on XEC shares. Stifel Nicolaus set a $168.00 price objective on shares of Cimarex Energy and gave the company a “buy” rating in a report on Thursday, October 5th. Williams Capital reissued a “buy” rating and set a $136.00 price objective on shares of Cimarex Energy in a report on Wednesday, August 9th. Cowen and Company set a $135.00 price objective on shares of Cimarex Energy and gave the company a “buy” rating in a report on Friday, August 25th. Citigroup Inc. decreased their price objective on shares of Cimarex Energy from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, July 21st. Finally, KeyCorp reissued a “buy” rating and set a $130.00 price objective on shares of Cimarex Energy in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $135.81.

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Cimarex Energy Company Profile

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

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