Nisa Investment Advisors LLC Has $2.92 Million Holdings in Cimarex Energy Co (NYSE:XEC)

Nisa Investment Advisors LLC decreased its holdings in shares of Cimarex Energy Co (NYSE:XEC) by 21.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,249 shares of the oil and gas producer’s stock after selling 13,600 shares during the period. Nisa Investment Advisors LLC’s holdings in Cimarex Energy were worth $2,922,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in shares of Cimarex Energy by 53.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,259,384 shares of the oil and gas producer’s stock worth $77,641,000 after buying an additional 439,290 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Cimarex Energy during the fourth quarter worth $353,000. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Cimarex Energy by 1.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 63,421 shares of the oil and gas producer’s stock worth $3,910,000 after buying an additional 800 shares in the last quarter. Kentucky Retirement Systems purchased a new stake in shares of Cimarex Energy during the fourth quarter worth $256,000. Finally, Teacher Retirement System of Texas boosted its position in shares of Cimarex Energy by 61.9% during the 4th quarter. Teacher Retirement System of Texas now owns 18,182 shares of the oil and gas producer’s stock valued at $1,121,000 after acquiring an additional 6,949 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on XEC shares. Citigroup lowered their price target on shares of Cimarex Energy from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday. Robert W. Baird reissued an “outperform” rating and set a $82.00 price target (down previously from $110.00) on shares of Cimarex Energy in a research report on Wednesday, June 5th. BMO Capital Markets cut shares of Cimarex Energy from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $82.00 to $67.00 in a research report on Thursday, July 11th. Bank of America lowered their price target on shares of Cimarex Energy from $87.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Finally, SunTrust Banks set a $60.00 price target on shares of Cimarex Energy and gave the company a “buy” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $80.11.

NYSE XEC opened at $38.50 on Friday. The firm’s 50-day moving average is $50.74 and its two-hundred day moving average is $63.21. Cimarex Energy Co has a 12 month low of $37.89 and a 12 month high of $101.19. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.57. The stock has a market capitalization of $4.30 billion, a P/E ratio of 5.20 and a beta of 1.30.

Cimarex Energy (NYSE:XEC) last posted its earnings results on Monday, August 5th. The oil and gas producer reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $1.20 by ($0.38). The company had revenue of $546.46 million during the quarter, compared to analyst estimates of $594.90 million. Cimarex Energy had a net margin of 25.66% and a return on equity of 16.59%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.59 EPS. As a group, analysts anticipate that Cimarex Energy Co will post 5.17 EPS for the current year.

Cimarex Energy Company 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, 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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