Westpac Banking Corp Has $5.28 Million Position in Cimarex Energy Co (NYSE:XEC)

Westpac Banking Corp lessened its stake in shares of Cimarex Energy Co (NYSE:XEC) by 9.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 88,926 shares of the oil and gas producer’s stock after selling 9,593 shares during the period. Westpac Banking Corp owned 0.09% of Cimarex Energy worth $5,276,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC raised its holdings in shares of Cimarex Energy by 319.8% in the second quarter. Valeo Financial Advisors LLC now owns 487 shares of the oil and gas producer’s stock valued at $29,000 after purchasing an additional 371 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Cimarex Energy in the first quarter valued at about $31,000. Nvwm LLC raised its holdings in shares of Cimarex Energy by 462.0% in the first quarter. Nvwm LLC now owns 517 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 425 shares during the last quarter. Bremer Bank National Association purchased a new stake in shares of Cimarex Energy in the first quarter valued at about $48,000. Finally, Private Capital Group LLC raised its holdings in shares of Cimarex Energy by 233.6% in the first quarter. Private Capital Group LLC now owns 814 shares of the oil and gas producer’s stock valued at $57,000 after purchasing an additional 570 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

XEC traded up $1.44 during trading on Friday, hitting $39.94. 63,250 shares of the company traded hands, compared to its average volume of 1,901,861. The firm has a market cap of $3.91 billion, a P/E ratio of 5.37 and a beta of 1.30. The stock’s fifty day moving average is $50.74 and its 200 day moving average is $63.21. The company has a quick ratio of 0.57, a current ratio of 0.64 and a debt-to-equity ratio of 0.56. Cimarex Energy Co has a one year low of $37.89 and a one year high of $101.19.



Cimarex Energy (NYSE:XEC) last posted its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.20 by ($0.38). The company had revenue of $546.46 million for the quarter, compared to the consensus estimate of $594.90 million. Cimarex Energy had a net margin of 25.66% and a return on equity of 16.59%. Cimarex Energy’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.59 EPS. On average, equities research analysts forecast that Cimarex Energy Co will post 5.17 EPS for the current fiscal year.

Several brokerages have recently commented on XEC. Williams Capital reiterated a “buy” rating and issued a $83.00 target price on shares of Cimarex Energy in a report on Monday, July 22nd. MKM Partners lowered their target price on shares of Cimarex Energy from $70.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Bank of America lowered their target price on shares of Cimarex Energy from $87.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Citigroup lowered their target price on shares of Cimarex Energy from $90.00 to $85.00 and set a “buy” rating for the company in a report on Thursday. Finally, Capital One Financial upgraded shares of Cimarex Energy from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $80.11.

About Cimarex Energy

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, 2018, it had a total proved reserves of 591.2 million barrels of oil equivalent, consisting of 1.59 trillion cubic feet of natural gas; 146.5 million barrels (MMBbls) of oil; and 179.4 MMBbls of natural gas liquids primarily located in the Permian Basin and Mid-Continent regions.

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

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