Cimarex Energy Co (XEC): Thomas E Jorden , CEO and President of Cimarex Energy Co sold 2,500 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $108.01 per share for a total value of $270,025.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 15, 2016, Joseph R Albi (Executive VP, COO) sold 7,500 shares at $93.62 per share price.On Mar 15, 2016, Stephen P Bell (Ex VP) sold 14,930 shares at $95.01 per share price.Also, On Mar 14, 2016, Thomas E Jorden (CEO and President) sold 5,000 shares at $93.45 per share price.On Mar 2, 2016, Richard S Dinkins (Vice President) sold 12,500 shares at $87.65 per share price.
Shares of Cimarex Energy Co (XEC) ended Friday, May 6, 2016 session in red amid volatile trading. The shares closed down -3.49 points or -3.07% at $110.19 with 14,09,164 shares getting traded. Post opening the session at $112.97, the shares hit an intraday low of $109.93 and an intraday high of $114.01 and the price vacillated in this range throughout the day. The company has a market cap of $10,448 M and the number of outstanding shares has been calculated to be 9,48,15,010 shares. The 52-week high of Cimarex Energy Co is $124.905 and the 52-week low is $72.77.
On Feb 23, 2016, Cimarex Energy Co announced a cash dividend of $0.0800. The company’s management has announced May 11, 2016 as the ex-dividend date and fixed the record date on May 13, 2016. The payable date has been fixed on Jun 1, 2016.
Company has been under the radar of several Street Analysts.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 is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 120 from a previous price target of $110 .The Rating was issued on Apr 12, 2016.Cimarex Energy Co is Reiterated by Canaccord Genuity to Hold while Lowering the Price Target of the company shares to $ 75 from a previous price target of $82 . The Rating was issued on Feb 22, 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.