Cimarex Energy Co (NYSE:XEC) is expected to pay $0.08 on Dec 1, 2016. The indicated annual dividend is $0.32. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Cimarex Energy Co’s current price of $120.69, the dividend is 0.07%. This dividend’s record date is Nov 15, 2016 and the announcement date is Sep 1, 2016. The stock decreased 1.41% or $1.73 during the last trading session, hitting $120.69. Cimarex Energy Co (NYSE:XEC) has risen 21.90% since April 7, 2016 and is uptrending. It has outperformed by 17.11% the S&P500.
Cimarex Energy Co. is an independent gas and oil exploration and production company. The company has a market cap of $11.68 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.
Insitutional Activity: The institutional sentiment increased to 1.09 in Q2 2016. Its up 0.03, from 1.06 in 2016Q1. The ratio is positive, as 31 funds sold all Cimarex Energy Co 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.
Federated Invsts Inc Pa accumulated 4,504 shares or 0% of the stock. Credit Suisse Ag accumulated 177,180 shares or 0.02% of the stock. Capstone Asset Management holds 0.02% or 6,214 shares in its portfolio. Employees Retirement Association Of Colorado last reported 81,572 shares in the company. Gradient Invs Lc last reported 0% of its portfolio in the stock. Peregrine Asset Advisers accumulated 2.59% or 32,728 shares. Voya Invest Limited Co has invested 0.02% of its portfolio in Cimarex Energy Co (NYSE:XEC). Connor Clark Lunn Inv Mgmt Limited owns 89,100 shares or 0.08% of their US portfolio. Tokio Marine Asset Limited last reported 3,377 shares in the company. Moreover, United Automobile Association has 0.08% invested in Cimarex Energy Co (NYSE:XEC) for 181,070 shares. Colony Limited Liability last reported 20,698 shares in the company. Teachers Retirement Systems Of The State Of Kentucky, a Kentucky-based fund reported 32,567 shares. Encompass Cap holds 7.82% or 221,106 shares in its portfolio. Oxbow Advisors Ltd Llc, a Texas-based fund reported 1,800 shares. Liberty holds 0.27% of its portfolio in Cimarex Energy Co (NYSE:XEC) for 3,400 shares.
Insider Transactions: Since May 16, 2016, the stock had 0 insider buys, and 22 insider sales for $6.44 million net activity. 161 Cimarex Energy Co (NYSE:XEC) shares with value of $18,898 were sold by TEAGUE L PAUL. Another trade for 4,320 shares valued at $524,658 was made by SHONSEY JAMES H on Tuesday, June 7. Burford G Mark sold $342,000 worth of stock. $67,768 worth of Cimarex Energy Co (NYSE:XEC) was sold by Barron Francis Brian. On Friday, August 5 Lambuth John sold $341,360 worth of the stock or 2,720 shares. JORDEN THOMAS E sold 2,500 shares worth $299,675. 7,500 shares were sold by Abbott Gary R, worth $990,000.
Cimarex Energy Co (NYSE:XEC) Ratings Coverage
Out of 22 analysts covering Cimarex Energy (NYSE:XEC), 16 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 73% are positive. Cimarex Energy has been the topic of 52 analyst reports since July 21, 2015 according to StockzIntelligence Inc. SunTrust initiated the stock with “Buy” rating in Thursday, December 17 report. The rating was maintained by Wunderlich on Thursday, February 18 with “Buy”. The stock of Cimarex Energy Co (NYSE:XEC) earned “Outperform” rating by Iberia Capital Partners on Thursday, September 17. UBS maintained the stock with “Neutral” rating in Thursday, August 4 report. Canaccord Genuity initiated the shares of XEC in a report on Tuesday, October 20 with “Hold” rating. The firm has “Buy” rating given on Tuesday, January 5 by Citigroup. Topeka Capital Markets maintained Cimarex Energy Co (NYSE:XEC) rating on Wednesday, November 4. Topeka Capital Markets has “Hold” rating and $128 price target. The company was initiated on Tuesday, September 13 by FBR Capital. The firm has “Hold” rating by Topeka Capital Markets given on Tuesday, October 6. Barclays Capital maintained the stock with “Overweight” rating in Thursday, July 14 report.
XEC Company Profile
Cimarex Energy Co., incorporated on February 14, 2002, is an independent gas and oil exploration and production company. The Company’s segment is exploration and production. The Company’s activities are located in the United States, mainly in Oklahoma, Texas and New Mexico. The Company’s activities are focused in approximately two main areas, such as the Permian Basin and the Mid-Continent region. The Company’s Permian Basin region encompasses west Texas and southeast New Mexico. The Company’s Mid-Continent region consists of Oklahoma and the Texas Panhandle. The Firm drilled or participated in approximately 219 gross (99 net) wells, of which it operated 123 gross (81.9 net) wells.
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