Cimarex Energy Co. (NYSE:XEC) was the target of some unusual options trading activity on Tuesday. Traders bought 5,409 call options on the stock. This is an increase of 1,358% compared to the average volume of 371 call options.
In other Cimarex Energy news, COO Joseph R. Albi sold 10,000 shares of the business's stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $30.55, for a total transaction of $305,500.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.00% of the company's stock.
Several large investors have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in Cimarex Energy during the third quarter worth $31,000. Harbor Investment Advisory LLC raised its holdings in Cimarex Energy by 90.5% during the 3rd quarter. Harbor Investment Advisory LLC now owns 1,490 shares of the oil and gas producer's stock valued at $36,000 after buying an additional 708 shares during the last quarter. AJO LP bought a new position in Cimarex Energy in the 2nd quarter worth $66,000. Skandinaviska Enskilda Banken AB publ bought a new position in Cimarex Energy in the 2nd quarter worth $66,000. Finally, First Quadrant L P CA bought a new position in Cimarex Energy in the 2nd quarter worth $80,000. 91.50% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:XEC opened at $38.79 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 1.07. The business has a fifty day moving average of $28.12 and a two-hundred day moving average of $27.08. The stock has a market cap of $3.96 billion, a P/E ratio of -1.89, a PEG ratio of 8.75 and a beta of 2.40. Cimarex Energy has a 52-week low of $12.15 and a 52-week high of $55.29.
Cimarex Energy (NYSE:XEC) last released its quarterly earnings results on Monday, November 9th. The oil and gas producer reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.30. The business had revenue of $401.70 million during the quarter, compared to analysts' expectations of $390.33 million. Cimarex Energy had a positive return on equity of 7.29% and a negative net margin of 104.14%. The company's revenue was down 31.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 EPS. On average, equities analysts anticipate that Cimarex Energy will post 0.58 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Thursday, November 12th. Cimarex Energy's dividend payout ratio is currently 19.73%.
XEC has been the topic of a number of research reports. Raymond James upgraded shares of Cimarex Energy from a "market perform" rating to an "outperform" rating and set a $35.00 price target on the stock in a research note on Wednesday, October 21st. Bank of America upgraded shares of Cimarex Energy from a "neutral" rating to a "buy" rating and set a $38.00 price target for the company in a report on Monday, September 28th. ValuEngine upgraded shares of Cimarex Energy from a "sell" rating to a "hold" rating in a report on Tuesday, November 3rd. Stifel Nicolaus lifted their price objective on shares of Cimarex Energy from $61.00 to $63.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Finally, Truist upgraded shares of Cimarex Energy from a "hold" rating to a "buy" rating and lifted their price objective for the company from $30.00 to $40.00 in a report on Tuesday, October 13th. Three analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company currently has a consensus rating of "Buy" and a consensus price target of $41.14.
About Cimarex Energy
Cimarex Energy Co operates as an independent oil and gas exploration and production company primarily in Texas, Oklahoma, and New Mexico. As of December 31, 2019, it had a total proved reserves of 619.6 million barrels of oil equivalent, consisting of 1.53 trillion cubic feet of natural gas; 169.8 million barrels (MMBbls) of oil; and 194.5 MMBbls of natural gas liquids primarily located in the Permian Basin and Mid-Continent regions.
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