Economy

Cimarex Energy Co (XEC) Shares Bought by Lazard Asset Management LLC

Over the past 2 quarters, the stock is down -33.91%, compared with a fall of almost -22.45% for 3 months and about -19.87% for the past 30 days. About 619,901 shares traded.

Cimarex Energy (NYSE:XEC) last issued its quarterly earnings results on Wednesday, May 10th. It has underperformed by 14.82% the S&P500.

Several other analysts also recently weighed in on the company. The Sir Capital Management Lp holds 272,700 shares with $37.06M value, up from 258,700 last quarter. Pinnacle West Capital Cp now has $9.93B valuation. The stock declined 0.80% or $0.75 reaching $93.13 on the news. About 804,691 shares traded. (NYSE:FDS) has risen 5.61% since June 15, 2016 and is uptrending. It has outperformed by 2.32% the S&P500. The stock notched a 12-month high of $147.38 while $207.00 target is by far the most aggressive out of analysts who are now evaluating the company, $59.62 higher than the next highest 52-week price estimate.

XEC has been the subject of several other research reports. This change led market cap to move at $9.04B, putting the price -36.12% below the 52-week high and -3.29% above the 52-week low. $313,827 worth of stock was sold by ALBI JOSEPH R on Monday, March 6. Scotiabank set a $164.00 price objective on Cimarex Energy and gave the stock a buy rating in a research report on Monday, March 27th.

The stock is now showing YTD performance of -28.25 Percent. The stock has "Neutral" rating by Mizuho on Monday, February 27. The company was upgraded on Tuesday, January 17 by Goldman Sachs. Morgan Stanley downgraded the stock to "Underweight" rating in Tuesday, January 12 report. And it remains to be seen which target price XEC can achieve without sacrificing much as the company is holding a -17.70% fall for the past twelve months.

Investors sentiment decreased to 0.97 in Q4 2016. Its up 0.01, from 1.05 in 2016Q3. 44 funds opened positions while 133 raised stakes. The institutional investor held 20,234 shares of the air freight and delivery services company at the end of 2016Q4, valued at $3.77M, up from 7,750 at the end of the previous reported quarter. Bradley Foster And Sargent Inc Ct accumulated 5,177 shares. Dnb Asset As reported 13,529 shares. Atria Investments Ltd Limited Liability Company holds 3,155 shares. Louisiana State Employees Retirement System reported 0.15% of its portfolio in FedEx Corporation (NYSE:FDX). Insiders sold a total of 8,538 shares of company stock valued at $1,001,760 over the last three months.

Integrated Wealth Counsel Llc holds 11.68% of its portfolio in Templeton Emerging Markets Income Fund for 497,867 shares. They expect $1.10 earnings per share, up 1.85% or $0.02 from last year's $1.08 per share.

Total production for the second quarter of 2017 is projected to average 1.08-1.13 Bcfe per day. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $1.01.

Since February 21, 2017, it had 0 insider buys, and 9 selling transactions for $2.82 million activity.

Sell-side analysts also have something to say about this company. The insider Nickloy Lee R. sold $249,030. Cpcm LLC purchased a new stake in shares of Cimarex Energy during the fourth quarter valued at about $281,000. (NYSE:FDS) for 91,548 shares. Qep Res Inc (NYSE:QEP) was reduced too. Cimarex Energy's dividend payout ratio is now -25.20%. Therefore 59% are positive. Cimarex Energy had 69 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has "Buy" rating by Wunderlich on Thursday, February 18. The firm has "Underperform" rating by CLSA given on Wednesday, August 12. Jefferies maintained the shares of XEC in report on Wednesday, April 19 with "Hold" rating. Susquehanna initiated the shares of XEC in report on Friday, October 30 with "Neutral" rating. The firm has "Outperform" rating given on Wednesday, August 31 by Wells Fargo.

Investors sentiment increased to 1.06 in Q4 2016. Its up 0.01, from 1.05 in 2016Q3.

These funds have also shifted positions in (XEC). 42,428 were accumulated by Bbva Compass Bank & Trust. Dekabank Deutsche Girozentrale has 0.02% invested in Cimarex Energy Co (NYSE:XEC).

Cimarex Energy Co is an independent oil and gas exploration and production company. Dupont Cap Mngmt has 0.02% invested in Cimarex Energy Co (NYSE:XEC). It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. 127,219 are owned by Great West Life Assurance Can. Carlson Capital Limited Partnership reported 0.15% stake. Connor Clark Lunn Inv Mgmt stated it has 0.2% of its portfolio in Cimarex Energy Co (NYSE:XEC). Henderson Gru Public holds 0.01% of its portfolio in Cimarex Energy Co (NYSE:XEC) for 11,438 shares. Fca Tx holds 27,502 shares or 1.86% of its portfolio.

Another recent and important Cimarex Energy Co (NYSE:XEC) news was published by Nasdaq.com which published an article titled: "Cimarex Energy (XEC) Down 16.6% Since Earnings Report: Can It Rebound?" on June 15, 2017. Ww Asset has 8,750 shares. Rampart Mgmt Lc holds 0.26% in Cimarex Energy Co (NYSE:XEC) or 5,168 shares.

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