Howland Capital Management Llc increased its stake in Cimarex Energy Co (NYSE:XEC) by 80.1% based on its latest 2016Q2 regulatory filing with the SEC. Howland Capital Management Llc bought 40,473 shares as the company’s stock rose 8.08% with the market. The institutional investor held 91,000 shares of the oil & gas production company at the end of 2016Q2, valued at $8.85 million, up from 50,527 at the end of the previous reported quarter. Howland Capital Management Llc who had been investing in Cimarex Energy Co for a number of months, seems to be bullish on the $12.26B market cap company. The stock is down 3.91% or $5.18 hitting $127.25, despite the positive news. About 398,541 shares traded hands. Cimarex Energy Co (NYSE:XEC) has risen 55.05% since February 8, 2016 and is uptrending. It has outperformed by 38.56% the S&P500.
Howland Capital Management Llc is a Massachusetts-based institutional investor with more than $1.25 billion AUM in November, 2014. Taken from Howland Capital Management latest Adv, the fund reported to have 28 full and part-time employees. Among which 8 performing investment advisory and research functions. The institutional investor had more than 800 clients.
The institutional sentiment increased to 1.09 in 2016 Q2. Its up 0.03, from 1.06 in 2016Q1. The ratio increased, as 31 funds sold all XEC shares owned while 139 reduced positions. 58 funds bought stakes while 127 increased positions. They now own 86.40 million shares or 6.74% less from 92.65 million shares in 2016Q1.
Vollero Beach Capital Partners Llc holds 3.46% of its portfolio in XEC for 127,158 shares. Value Holdings Lp owns 40,700 shares or 3.12% of their US portfolio. Moreover, Rothschild Capital Partners Llc has 2.95% invested in the company for 46,800 shares. The New York-based Springbank Value Partners Lp has invested 2.92% in the stock. Diamond Hill Capital Management Inc, a Ohio-based fund reported 3.51 million shares.
Out of 17 analysts covering Cimarex Energy (NYSE:XEC), 10 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 59% are positive. Cimarex Energy has been the topic of 40 analyst reports since September 15, 2015 according to StockzIntelligence Inc. FBR Capital initiated the stock on September 13 with “Outperform” rating.
Cimarex Energy Co. is an independent gas and oil exploration and production company. The company has a market cap of $12.26 billion. The Company’s segment is exploration and production. It currently has negative earnings. The Company’s activities are located mainly in Oklahoma, Texas and New Mexico.
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