GSA Capital Partners LLP Acquires New Position in Cimarex Energy Co (XEC)

GSA Capital Partners LLP bought a new position in shares of Cimarex Energy Co (NYSE:XEC) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 7,925 shares of the oil and gas producer’s stock, valued at approximately $489,000.

A number of other large investors have also recently added to or reduced their stakes in XEC. American International Group Inc. increased its position in shares of Cimarex Energy by 2.6% during the 3rd quarter. American International Group Inc. now owns 58,547 shares of the oil and gas producer’s stock valued at $5,441,000 after purchasing an additional 1,483 shares during the period. Legal & General Group Plc grew its holdings in shares of Cimarex Energy by 2.6% in the 3rd quarter. Legal & General Group Plc now owns 427,288 shares of the oil and gas producer’s stock worth $39,719,000 after acquiring an additional 11,003 shares during the last quarter. YHB Investment Advisors Inc. grew its holdings in shares of Cimarex Energy by 11.8% in the 4th quarter. YHB Investment Advisors Inc. now owns 33,756 shares of the oil and gas producer’s stock worth $2,081,000 after acquiring an additional 3,560 shares during the last quarter. Tobam grew its holdings in shares of Cimarex Energy by 636.7% in the 3rd quarter. Tobam now owns 129,060 shares of the oil and gas producer’s stock worth $11,995,000 after acquiring an additional 111,542 shares during the last quarter. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Cimarex Energy in the 4th quarter worth $1,134,000. 99.60% of the stock is currently owned by institutional investors.

XEC has been the topic of a number of recent research reports. Williams Capital set a $129.00 target price on Cimarex Energy and gave the stock a “buy” rating in a report on Monday, November 19th. Imperial Capital restated an “in-line” rating on shares of Cimarex Energy in a report on Tuesday, November 20th. Morgan Stanley lifted their target price on Cimarex Energy from $124.00 to $127.00 and gave the stock a “buy” rating in a report on Tuesday, November 20th. Jefferies Financial Group set a $117.00 target price on Cimarex Energy and gave the stock a “buy” rating in a report on Tuesday, November 20th. Finally, Cowen initiated coverage on Cimarex Energy in a report on Thursday, November 29th. They issued a “market perform” rating and a $95.00 target price on the stock. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $108.42.



Shares of NYSE:XEC opened at $70.52 on Friday. Cimarex Energy Co has a fifty-two week low of $55.62 and a fifty-two week high of $103.91. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 9.53 and a beta of 1.34. The company has a quick ratio of 1.93, a current ratio of 2.01 and a debt-to-equity ratio of 0.45.

Cimarex Energy (NYSE:XEC) last announced its quarterly earnings results on Wednesday, February 20th. The oil and gas producer reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.23. Cimarex Energy had a return on equity of 23.51% and a net margin of 33.85%. The company had revenue of $624.10 million during the quarter, compared to analysts’ expectations of $620.20 million. During the same quarter in the previous year, the firm earned $1.47 earnings per share. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. As a group, analysts predict that Cimarex Energy Co will post 5.73 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a $0.20 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.13%. This is a boost from Cimarex Energy’s previous quarterly dividend of $0.18. Cimarex Energy’s payout ratio is currently 9.73%.

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Cimarex Energy Profile

Cimarex Energy Co operates as an independent oil and gas exploration and production company primarily in Oklahoma, Texas, and New Mexico. As of December 31, 2017, it had a total proved oil and gas reserves of 3.35 trillion cubic feet equivalent (Tcfe) consisting of 1.61 trillion cubic feet of natural gas, 0.82 Tcfe of oil, and 0.92 Tcfe of natural gas liquids primarily located in the Mid-Continent and Permian Basin regions.

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Institutional Ownership by Quarter for Cimarex Energy (NYSE:XEC)

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