Cimarex Energy Co (XEC) : Sippican Capital Advisors scooped up 222 additional shares in Cimarex Energy Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 6,669 shares of Cimarex Energy Co which is valued at $754,997.Cimarex Energy Co makes up approximately 0.86% of Sippican Capital Advisors’s portfolio.
Other Hedge Funds, Including , Oakworth Capital sold out all of its stake in XEC during the most recent quarter. The investment firm sold 25,360 shares of XEC which is valued $3,002,117.Cypress Asset Management Inctx boosted its stake in XEC in the latest quarter, The investment management firm added 342 additional shares and now holds a total of 3,008 shares of Cimarex Energy Co which is valued at $358,373. Cimarex Energy Co makes up approx 0.07% of Cypress Asset Management Inctx’s portfolio.British Columbia Investment Management Corp boosted its stake in XEC in the latest quarter, The investment management firm added 16,161 additional shares and now holds a total of 67,217 shares of Cimarex Energy Co which is valued at $7,960,509. Cimarex Energy Co makes up approx 0.07% of British Columbia Investment Management Corp’s portfolio.
Cimarex Energy Co opened for trading at $113.75 and hit $120.32 on the upside on Friday, eventually ending the session at $120.02, with a gain of 4.23% or 4.87 points. The heightened volatility saw the trading volume jump to 8,85,573 shares. Company has a market cap of $11,380 M.
On the company’s financial health, Cimarex Energy Co reported $-0.40 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $-0.39. The company had revenue of $240.60 million for the quarter, compared to analysts expectations of $245.28 million. The company’s revenue was down -33.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.37 EPS.
Investors should note that 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.
Many Wall Street Analysts have commented on Cimarex Energy Co. Company shares were Reiterated by Stifel on Jul 13, 2016 to “Buy”, Firm has raised the Price Target to $ 142 from a previous price target of $120 .Company shares were Reiterated by Wunderlich on Jun 30, 2016 to “Buy”, Firm has raised the Price Target to $ 139 from a previous price target of $122 .Company shares were Reiterated by Deutsche Bank on May 18, 2016 to “Hold”, Firm has raised the Price Target to $ 120 from a previous price target of $110 .
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.