Dividend Growth of Cimarex Energy Co(XEC)

Cimarex Energy Co(XEC) is having a Dividend Yield of 0.24% with the Annual cash Dividend per share of $0.4. The last quarter cash dividend per share pay out was $0.08. Cimarex Energy Co has a 5 year average dividend yield of 0.58% and the stock has a Indicated annual dividend of $0.32. Cimarex Energy Co(XEC) formally announced its most recent dividend on December 9, 2016 with a Dividend per share of $0.08. The new indicated annual dividend based on announced dividend per share is $0.32. The dividend yield based on the forward looking indicated annual dividend is 0.24%. The 5 year historical dividend growth of Cimarex Energy Co(XEC) is at the rate of -2.11% while the R-Squared dividend growth is 0.02. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Cimarex Energy Co (NYSE:XEC) witnessed a decline in the market cap on Thursday as its shares dropped 0.97% or 1.3 points. After the session commenced at $133.5, the stock reached the higher end at $135.04 while it hit a low of $130.77. With the volume soaring to 2,632,586 shares, the last trade was called at $133.06. The company has a 52-week high of $146.96. The company has a market cap of $12,636 million and there are 94,964,174 shares in outstanding. The 52-week low of the share price is $75.01. Shares of Cimarex Energy Co. appreciated by 2.7% during the last five trading days but lost 3.76% on a 4-week basis. Cimarex Energy Co. is up 3.34% in the last 3-month period. Year-to-Date the stock performance stands at -2.03%.

Currently the company Insiders own 2% of Cimarex Energy Co shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.55% . Institutional Investors own 92.22% of Cimarex Energy Co shares. During last six month period, the net percent change held by insiders has seen a change of -4.71%. Company has reported several Insider transactions to the SEC, on Jan 3, 2017, Thomas E Jorden (CEO and President) sold 2,500 shares at 137.57 per share price.On Dec 16, 2016, Francis Brian Barron (Sr VP-General Counsel) sold 1,512 shares at 137.83 per share price.On Dec 16, 2016, John Lambuth (SVP-Exploration) sold 18,696 shares at 138.35 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Cimarex Energy Co was Reiterated by FBR & Co. on Feb 16, 2017 to Outperform, Lowers Price Target to $ 166 from a previous price target of $174 .Company shares were Reiterated by Stifel on Feb 3, 2017 to Buy, Raises Price Target to $ 170 from a previous price target of $155 .Cimarex Energy Co was Downgraded by KLR Group to Hold on Jan 20, 2017. Cimarex Energy Co was Upgraded by Jefferies to Hold on Jan 17, 2017. Cimarex Energy Co was Downgraded by SunTrust to Hold on Jan 17, 2017.

Cimarex Energy Co Last issued its quarterly earnings results on Feb 15, 2017. The company reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.57. The company had revenue of $382.20 million for the quarter, compared to analysts expectations of $366.44 million. The companys revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.25 EPS.

Cimarex Energy is an independent oil and gas exploration and production company focused on increasing shareholder value through strategies linked to generating attractive economic returns on capital employed and profitable growth in per-share reserves, production, and cash flow. They intend to profitably grow reserves and production through a balanced mix of exploration, exploitation and acquisitions. They have a diversified base of high-quality production along with attractive drilling opportunities.


Post Comment