November 21, 2016 - By Ellis Scott · 0 Comments
The stock of Cimarex Energy Company (NYSE:XEC) registered an increase of 6.95% in short interest. XEC’s total short interest was 2.50 million shares in November as published by FINRA. Its up 6.95% from 2.33 million shares, reported previously. With 834,400 shares average volume, it will take short sellers 3 days to cover their XEC’s short positions. The short interest to Cimarex Energy Company’s float is 2.67%. About 581,817 shares traded hands. Cimarex Energy Co (NYSE:XEC) has risen 16.35% since April 19, 2016 and is uptrending. It has outperformed by 12.49% the S&P500.
Cimarex Energy Co. is an independent gas and oil exploration and production company. The company has a market cap of $12.23 billion. The Company’s segment is exploration and production. It currently has negative earnings. The Company’s activities are located mainly in Oklahoma, Texas and New Mexico.
Insitutional Activity: The institutional sentiment decreased to 1.05 in 2016 Q2. Its down 0.04, from 1.09 in 2016Q1. The ratio dropped, as 31 funds sold all Cimarex Energy Co shares owned while 139 reduced positions. 58 funds bought stakes while 127 increased positions. They now own 86.40 million shares or 6.74% less from 92.65 million shares in 2016Q1.
Legal & General Group Public Ltd, a United Kingdom-based fund reported 406,517 shares. Stevens Capital Mngmt Limited Partnership holds 0.08% or 16,544 shares in its portfolio. Moreover, Boston Common Asset Mgmt Ltd Limited Liability Company has 0.31% invested in Cimarex Energy Co (NYSE:XEC) for 44,788 shares. Commonwealth National Bank Of has 759 shares for 0% of their US portfolio. Mraz Amerine And Associates has 48,361 shares for 2.02% of their US portfolio. American holds 0% of its portfolio in Cimarex Energy Co (NYSE:XEC) for 35,419 shares. Rafferty Asset Mgmt Lc holds 2,447 shares or 0.02% of its portfolio. Virginia Retirement Sys Et Al, a Virginia-based fund reported 12,800 shares. Discovery Capital Mngmt Ltd Liability Corp Ct holds 1.81% or 662,064 shares in its portfolio. Bankshares Of America De reported 149,724 shares or 0% of all its holdings. Pcj Investment Counsel holds 0.09% or 12,500 shares in its portfolio. Moreover, State Of Wisconsin Inv Board has 0.14% invested in Cimarex Energy Co (NYSE:XEC) for 286,638 shares. The New Mexico-based New Mexico Educational Retirement Board has invested 0.06% in Cimarex Energy Co (NYSE:XEC). Colony Gp Ltd, a Massachusetts-based fund reported 20,698 shares. Herndon Cap Management Limited Liability Co accumulated 0% or 9 shares.
Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 20 selling transactions for $6.30 million net activity. The insider TEAGUE L PAUL sold 161 shares worth $18,898. 2,500 shares were sold by JORDEN THOMAS E, worth $306,250 on Friday, November 4. 4,320 shares with value of $524,658 were sold by SHONSEY JAMES H on Tuesday, June 7. $260,000 worth of Cimarex Energy Co (NYSE:XEC) was sold by Burford G Mark on Thursday, August 11. $401,463 worth of Cimarex Energy Co (NYSE:XEC) was sold by ALBI JOSEPH R on Tuesday, June 14. On Thursday, June 9 SULLIVAN MICHAEL J/CO sold $241,344 worth of the stock or 2,000 shares. Shares for $242,491 were sold by Robertson Monroe W.
Out of 22 analysts covering Cimarex Energy (NYSE:XEC), 16 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 73% are positive. Cimarex Energy has been the topic of 52 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Topeka Capital Markets maintained Cimarex Energy Co (NYSE:XEC) on Wednesday, November 4 with “Hold” rating. The rating was upgraded by CLSA on Monday, August 10 to “Underperform”. KLR Group upgraded the stock to “Accumulate” rating in Monday, November 7 report. Susquehanna initiated Cimarex Energy Co (NYSE:XEC) on Friday, October 30 with “Neutral” rating. Iberia Capital Partners initiated the stock with “Outperform” rating in Thursday, September 17 report. Citigroup upgraded the stock to “Buy” rating in Tuesday, January 5 report. The stock of Cimarex Energy Co (NYSE:XEC) earned “Hold” rating by Canaccord Genuity on Tuesday, October 20. The firm has “Outperform” rating given on Monday, August 10 by Credit Agricole. The firm earned “Buy” rating on Friday, May 6 by Wunderlich. The firm has “Overweight” rating given on Thursday, July 14 by Barclays Capital.
Cimarex Energy Co., incorporated on February 14, 2002, is an independent gas and oil exploration and production company. The Company’s segment is exploration and production. The Company’s activities are located in the United States, mainly in Oklahoma, Texas and New Mexico. The Company’s activities are focused in approximately two main areas, such as the Permian Basin and the Mid-Continent region. The Company’s Permian Basin region encompasses west Texas and southeast New Mexico. The Company’s Mid-Continent region consists of Oklahoma and the Texas Panhandle. The Firm drilled or participated in approximately 219 gross (99 net) wells, of which it operated 123 gross (81.9 net) wells.
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By Ellis Scott