What’s in Cimarex Energy CO (NYSE:XEC) After Decline in Shorted Shares?

Cimarex Energy Co. (NYSE:XEC) Logo

Investors sentiment increased to 1.63 in 2019 Q1. Its up 0.57, from 1.06 in 2018Q4. It increased, as 42 investors sold Cimarex Energy Co. shares while 92 reduced holdings. 72 funds opened positions while 147 raised stakes. 90.68 million shares or 1.48% less from 92.04 million shares in 2018Q4 were reported.
Century invested in 0.13% or 1.85M shares. Northeast Fincl Consultants Inc holds 8,250 shares or 0.06% of its portfolio. Livforsakringsbolaget Skandia Omsesidigt holds 0.01% or 846 shares in its portfolio. Sir Cap Mngmt Lp has invested 0.64% in Cimarex Energy Co. (NYSE:XEC). Kentucky Retirement reported 4,436 shares. Landscape Capital Mgmt Limited Liability owns 13,741 shares for 0.09% of their portfolio. Renaissance Lc has 0.02% invested in Cimarex Energy Co. (NYSE:XEC). Usca Ria Limited Company reported 3,210 shares. 37,555 were reported by Verition Fund Limited Liability. Principal Grp reported 1.62 million shares. Srb stated it has 0.07% in Cimarex Energy Co. (NYSE:XEC). Dekabank Deutsche Girozentrale stated it has 0.01% of its portfolio in Cimarex Energy Co. (NYSE:XEC). The Norway-based Dnb Asset Management As has invested 0% in Cimarex Energy Co. (NYSE:XEC). Bb&T Securities Limited Liability Co owns 8,468 shares. Rr Llc stated it has 0.28% in Cimarex Energy Co. (NYSE:XEC).

Since March 5, 2019, it had 1 buy, and 0 insider sales for $9,617 activity.

The stock of Cimarex Energy CO (NYSE:XEC) registered a decrease of 9.84% in short interest. XEC’s total short interest was 4.05M shares in July as published by FINRA. Its down 9.84% from 4.50M shares, reported previously. With 1.16M shares average volume, it will take short sellers 4 days to cover their XEC’s short positions. The short interest to Cimarex Energy CO’s float is 4.43%.

The stock increased 1.73% or $0.95 during the last trading session, reaching $55.87. About 972,430 shares traded. Cimarex Energy Co. (NYSE:XEC) has declined 29.83% since July 14, 2018 and is downtrending. It has underperformed by 34.26% the S&P500.

Cimarex Energy Co. operates as an independent gas and oil exploration and production firm primarily in Oklahoma, Texas, and New Mexico. The company has market cap of $5.67 billion. As of December 31, 2016, it had a total proved gas and oil reserves of 2.89 trillion cubic feet equivalent consisting of 1.47 trillion cubic feet of natural gas, 0.64 Tcfe of oil, and 0.78 Tcfe of natural gas liquids primarily located in the Mid-Continent and Permian Basin regions. It has a 8.48 P/E ratio. The firm also owned interests in 3,094 net productive gas and oil wells.

Cimarex Energy Co. (NYSE:XEC) Ratings Coverage

Among 8 analysts covering Cimarex Energy (NYSE:XEC), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Cimarex Energy has $140 highest and $6600 lowest target. $91.25’s average target is 63.33% above currents $55.87 stock price. Cimarex Energy had 19 analyst reports since January 16, 2019 according to SRatingsIntel. The stock of Cimarex Energy Co. (NYSE:XEC) earned “Hold” rating by Mizuho on Wednesday, February 20. On Tuesday, March 12 the stock rating was maintained by Barclays Capital with “Hold”. The stock of Cimarex Energy Co. (NYSE:XEC) has “Buy” rating given on Thursday, February 21 by Williams Capital Group. Wells Fargo maintained the shares of XEC in report on Monday, May 20 with “Market Perform” rating. Stifel Nicolaus maintained Cimarex Energy Co. (NYSE:XEC) on Thursday, February 21 with “Buy” rating. The firm has “Overweight” rating given on Thursday, March 21 by Morgan Stanley. Morgan Stanley maintained Cimarex Energy Co. (NYSE:XEC) on Friday, July 12 with “Overweight” rating. Morgan Stanley maintained it with “Buy” rating and $101 target in Friday, February 22 report. The stock has “Buy” rating by Morgan Stanley on Monday, June 24. The firm has “Positive” rating by Susquehanna given on Friday, February 8.

More notable recent Cimarex Energy Co. (NYSE:XEC) news were published by: Finance.Yahoo.com which released: “Hedge Funds Have Never Been This Bullish On Roku, Inc. (ROKU) – Yahoo Finance” on June 13, 2019, also 247Wallst.com with their article: “Why Chevron Could Be Eyeing These 4 Companies After Losing Anadarko Bid – 24/7 Wall St.” published on May 08, 2019, Finance.Yahoo.com published: “Here’s What Hedge Funds Think About Tripadvisor Inc (TRIP) – Yahoo Finance” on June 13, 2019. More interesting news about Cimarex Energy Co. (NYSE:XEC) were released by: Finance.Yahoo.com and their article: “Can Cimarex (XEC) Keep the Earnings Surprise Streak Alive? – Yahoo Finance” published on May 02, 2019 as well as Prnewswire.com‘s news article titled: “Cimarex Energy Approves Dividend on Preferred Stock – PRNewswire” with publication date: May 23, 2019.

Cimarex Energy Co. (NYSE:XEC) Institutional Positions Chart

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