Cimarex Energy Co (XEC) : Discovery Capital Management Ct scooped up 144,750 additional shares in Cimarex Energy Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 806,814 shares of Cimarex Energy Co which is valued at $100,875,954.Cimarex Energy Co makes up approximately 2.42% of Discovery Capital Management Ct’s portfolio.
Other Hedge Funds, Including , Caxton Associates Lp added XEC to its portfolio by purchasing 25,000 company shares during the most recent quarter which is valued at $3,125,750. Cimarex Energy Co makes up approx 0.18% of Caxton Associates Lp’s portfolio.Artisan Partners Limited Partnership boosted its stake in XEC in the latest quarter, The investment management firm added 225,502 additional shares and now holds a total of 1,298,954 shares of Cimarex Energy Co which is valued at $162,771,926. Cimarex Energy Co makes up approx 0.33% of Artisan Partners Limited Partnership’s portfolio.Artemis Investment Management Llp reduced its stake in XEC by selling 6,807 shares or 49.19% in the most recent quarter. The Hedge Fund company now holds 7,032 shares of XEC which is valued at $881,180. Cimarex Energy Co makes up approx 0.02% of Artemis Investment Management Llp’s portfolio.Texas Permanent School Fund reduced its stake in XEC by selling 1,509 shares or 4.91% in the most recent quarter. The Hedge Fund company now holds 29,253 shares of XEC which is valued at $3,832,436. Cimarex Energy Co makes up approx 0.05% of Texas Permanent School Fund’s portfolio.Delta Asset Managementtn reduced its stake in XEC by selling 42 shares or 35.9% in the most recent quarter. The Hedge Fund company now holds 75 shares of XEC which is valued at $10,523.
Cimarex Energy Co closed down -0.13 points or -0.10% at $125.66 with 7,79,482 shares getting traded on Monday. Post opening the session at $126.23, the shares hit an intraday low of $124.46 and an intraday high of $127.645 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Cimarex Energy Co reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.37. The company had revenue of $335.70 million for the quarter, compared to analysts expectations of $339.83 million. The company’s revenue was down -5.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.15 EPS.
Many Wall Street Analysts have commented on Cimarex Energy Co. Cimarex Energy Co was Upgraded by KLR Group to ” Accumulate” on Nov 7, 2016. Cimarex Energy Co was Upgraded by Susquehanna to ” Positive” on Nov 4, 2016. Company shares were Reiterated by Stifel on Nov 1, 2016 to “Buy”, Firm has raised the Price Target to $ 155 from a previous price target of $142 .
Cimarex Energy Co. (Cimarex) is an independent oil and gas exploration and production company. Its operations are located mainly in Oklahoma Texas and New Mexico. The Company’s exploration and production (E&P) activities take place primarily in two areas: the Permian Basin and the Mid-Continent region. The Permian region encompasses west Texas and southeast New Mexico. Cimarex’s Permian Basin efforts are located in the western half of the Permian Basin known as the Delaware Basin. In 2014 the Company focused on drilling horizontal wells that yielded oil and liquids-rich gas from the Wolfcamp shale the Bone Spring formation and the Avalon shale. The Permian region produced 399 Million cubic feet equivalent (MMcfe) per day in 2014.The Company’s Mid-Continent region consists of Oklahoma and the Texas Panhandle. The Mid-Continent region produced around 451.2 MMcfe per day.