Todays Report: Today, Kentucky Retirement Systems Insurance Trust Fund Invests $457,000 in Cimarex Energy Co. (XEC)

Today, Kentucky Retirement Systems Insurance Trust Fund Invests $457,000 in Cimarex Energy Co. (XEC)

Kentucky Retirement Systems Insurance Trust Fund bought a new position in Cimarex Energy Co. (NYSE:XEC) during the second quarter, Holdings Channel reports. The firm bought 3,828 shares of the company’s stock, valued at approximately $457,000.

Several other large investors also recently made changes to their positions in XEC. Societe Generale acquired a new position in Cimarex Energy during the second quarter valued at $128,000. Point72 Asia Hong Kong Ltd purchased a new position in shares of Cimarex Energy during the second quarter worth approximately $131,000. Mizuho Asset Management Co. Ltd. increased its position in shares of Cimarex Energy by 96.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,234 shares of the company’s stock worth $147,000 after buying an additional 606 shares during the period. AXA increased its position in shares of Cimarex Energy by 22.3% in the first quarter. AXA now owns 1,681 shares of the company’s stock worth $164,000 after buying an additional 307 shares during the period. Finally, Euclid Advisors LLC purchased a new position in shares of Cimarex Energy during the second quarter worth approximately $167,000. 92.89% of the stock is currently owned by institutional investors.

Shares of Cimarex Energy Co. (NYSE:XEC) traded down 1.32% on Friday, reaching $128.00. 426,127 shares of the company’s stock traded hands. Cimarex Energy Co. has a one year low of $72.77 and a one year high of $142.20. The company’s 50-day moving average price is $131.19 and its 200 day moving average price is $124.84. The firm’s market cap is $12.16 billion.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, November 10th. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. Cimarex Energy’s payout ratio is currently -2.70%.

XEC has been the subject of several recent analyst reports. Jefferies Group set a $116.00 price target on Cimarex Energy and gave the stock a “sell” rating in a research note on Tuesday, October 18th. Wells Fargo & Co. started coverage on Cimarex Energy in a research note on Wednesday, August 31st. They set an “outperform” rating and a $150.00 target price for the company. Williams Capital started coverage on Cimarex Energy in a research note on Monday, August 29th. They set a “hold” rating and a $143.00 target price for the company. FBR & Co started coverage on Cimarex Energy in a research note on Tuesday, September 13th. They set an “outperform” rating and a $160.00 target price for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Cimarex Energy in a report on Wednesday, August 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $127.58.

In related news, COO Joseph R. Albi sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $121.04, for a total value of $181,560.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Francis Brian Barron sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $135.54, for a total transaction of $67,770.00. Following the completion of the transaction, the senior vice president now directly owns 67,039 shares of the company’s stock, valued at $9,086,466.06. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Cimarex Energy Company Profile

Cimarex Energy Co is an independent oil and gas exploration and production company. The Company’s segment is exploration and production. Its operations are located mainly in Oklahoma, Texas and New Mexico. Its operations are focused in approximately two main areas, such as the Permian Basin and the Mid-Continent region.

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