Rothschild Capital Partners LLC Lowers Position in Cimarex Energy Co (NYSE:XEC)

Rothschild Capital Partners LLC reduced its stake in shares of Cimarex Energy Co (NYSE:XEC) by 33.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,025 shares of the oil and gas producer’s stock after selling 16,339 shares during the period. Cimarex Energy makes up 1.4% of Rothschild Capital Partners LLC’s holdings, making the stock its 29th largest position. Rothschild Capital Partners LLC’s holdings in Cimarex Energy were worth $3,011,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in XEC. Howland Capital Management LLC raised its stake in Cimarex Energy by 33.9% in the first quarter. Howland Capital Management LLC now owns 120,527 shares of the oil and gas producer’s stock worth $14,402,000 after buying an additional 30,497 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Cimarex Energy during the first quarter worth approximately $1,981,000. Addison Capital Co raised its stake in Cimarex Energy by 0.5% in the first quarter. Addison Capital Co now owns 14,650 shares of the oil and gas producer’s stock worth $1,751,000 after buying an additional 70 shares in the last quarter. National Pension Service raised its stake in Cimarex Energy by 0.7% in the first quarter. National Pension Service now owns 93,894 shares of the oil and gas producer’s stock worth $11,369,000 after buying an additional 698 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in Cimarex Energy by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 29,196 shares of the oil and gas producer’s stock worth $3,488,000 after buying an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 94.55% of the company’s stock.

Shares of Cimarex Energy Co (NYSE:XEC) traded up 2.08% during trading on Friday, reaching $98.30. 1,130,361 shares of the company’s stock were exchanged. Cimarex Energy Co has a 12 month low of $89.49 and a 12 month high of $146.96. The stock has a 50-day moving average price of $95.56 and a 200 day moving average price of $111.35. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of 35.21 and a beta of 1.32.

Cimarex Energy (NYSE:XEC) last issued its earnings results on Tuesday, August 8th. The oil and gas producer reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.11. Cimarex Energy had a return on equity of 13.29% and a net margin of 15.64%. The business had revenue of $456.50 million during the quarter, compared to analyst estimates of $441.52 million. During the same quarter in the previous year, the firm earned $0.07 EPS. Cimarex Energy’s revenue was up 52.7% on a year-over-year basis. On average, analysts forecast that Cimarex Energy Co will post $4.20 EPS for the current year.

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A number of equities research analysts have recently commented on XEC shares. FBR & Co set a $141.00 price objective on shares of Cimarex Energy and gave the company a “buy” rating in a research note on Thursday, May 18th. Credit Suisse Group started coverage on shares of Cimarex Energy in a research note on Thursday, June 1st. They issued an “outperform” rating and a $138.00 price objective on the stock. Barclays PLC reaffirmed an “overweight” rating and issued a $129.00 price objective (down from $139.00) on shares of Cimarex Energy in a research note on Saturday, April 22nd. Citigroup Inc. reaffirmed a “buy” rating and issued a $166.00 price objective (up from $164.00) on shares of Cimarex Energy in a research note on Saturday, April 22nd. Finally, BMO Capital Markets set a $150.00 target price on shares of Cimarex Energy and gave the stock a “buy” rating in a research note on Monday, May 15th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $138.20.

In other news, CEO Thomas E. Jorden sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $101.67, for a total transaction of $254,175.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Lambuth sold 2,136 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $99.84, for a total transaction of $213,258.24. Following the sale, the senior vice president now directly owns 106,532 shares of the company’s stock, valued at approximately $10,636,154.88. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

About Cimarex Energy

Cimarex Energy Co is an independent oil and gas exploration and production company. The Company operates in exploration and production (E&P) segment. Its operations are located in Oklahoma, Texas and New Mexico. Its E&P activities take place primarily in two areas: the Permian Basin and the Mid-Continent region.

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

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