Cimarex Energy Co (XEC) Files Form 4 Insider Selling : Thomas E Jorden Sells 2,500 Shares

Cimarex Energy Co (XEC): Thomas E Jorden , CEO and President of Cimarex Energy Co sold 2,500 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 1, 2016 to the Securities and Exchange Commission. The shares were sold at $119.87 per share for a total value of $299,675.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 15, 2016, Joseph R Albi (Executive VP, COO) sold 3,500 shares at $114.66 per share price.On Jun 9, 2016, James H Shonsey (VP, Controller) sold 4,320 shares at $121.45 per share price.Also, On May 20, 2016, G Mark Burford (VP and Chief Financial Officer) sold 3,000 shares at $114.00 per share price.On May 9, 2016, Thomas E Jorden (CEO and President) sold 2,500 shares at $108.01 per share price.

Cimarex Energy Co: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in Cimarex Energy Co which led to swings in the share price. The shares opened for trading at $116.99 and hit $118.43 on the upside , eventually ending the session at $118.1, with a gain of 2.52% or 2.9 points. The heightened volatility saw the trading volume jump to 8,64,391 shares. The 52-week high of the share price is $124.905 and the company has a market cap of $11,198 M . The 52-week low of the share price is at $72.77.

Cimarex Energy Co Money Flow Index Chart

On May 13, 2016, Cimarex Energy Co announced a cash dividend of $0.0800. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 1, 2016.

Company has been under the radar of several Street Analysts.Cimarex Energy Co is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 139 from a previous price target of $122 .The Rating was issued on Jun 30, 2016.Cimarex Energy Co is Reiterated by Deutsche Bank to Hold and the brokerage firm has raised the Price Target to $ 120 from a previous price target of $110 .The Rating was issued on May 18, 2016.Cimarex Energy Co is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 116 from a previous price target of $109 .The Rating was issued on May 9, 2016.Cimarex Energy Co is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 122 from a previous price target of $105 .The Rating was issued on May 6, 2016.Cimarex Energy Co is Reiterated by Topeka Capital Markets to Hold and the brokerage firm has raised the Price Target to $ 110 from a previous price target of $85 .The Rating was issued on May 5, 2016.

Cimarex Energy Co. (Cimarex) is an independent oil and gas exploration and production company. Its operations are located mainly in Oklahoma Texas and New Mexico. The Company’s exploration and production (E&P) activities take place primarily in two areas: the Permian Basin and the Mid-Continent region. The Permian region encompasses west Texas and southeast New Mexico. Cimarex’s Permian Basin efforts are located in the western half of the Permian Basin known as the Delaware Basin. In 2014 the Company focused on drilling horizontal wells that yielded oil and liquids-rich gas from the Wolfcamp shale the Bone Spring formation and the Avalon shale. The Permian region produced 399 Million cubic feet equivalent (MMcfe) per day in 2014.The Company’s Mid-Continent region consists of Oklahoma and the Texas Panhandle. The Mid-Continent region produced around 451.2 MMcfe per day.

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